Debt Obligations and Commitments

3 Months Ended

Mar. 23, 2019

Debt Obligations

In the 12 weeks ended March 23, 2019, we issued the following senior notes:


(a)	Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums.


(b)	These notes, issued in euros, were designated as net investment hedges to partially offset the effects of foreign currency on our investments in certain of our foreign subsidiaries.

The net proceeds from the issuances of the above notes were used for general corporate purposes.

In the 12 weeks ended March 23, 2019, $1.9 billion of senior notes matured and were paid.

As of March 23, 2019, we had no commercial paper outstanding.