Long-Term Obligations

Long-Term Debt

On March 12, 2007 we issued $500 million of 5.40% senior unsecured notes due on March 15, 2012 (the 2012 Notes) and $500 million of 5.75% senior unsecured notes due on March 15, 2017 (the 2017 Notes) (together, the Notes), for a total principal amount of $1 billion. In March 2012 we repaid the 2012 Notes when they became due using cash from operations. We carried the 2017 Notes at face value less the unamortized discount in long-term debt on our balance sheets at April 30, 2013 and July 31, 2012. The 2017 Notes are redeemable by Intuit at any time, subject to a make-whole premium, and include covenants that limit our ability to grant liens on our facilities and to enter into sale and leaseback transactions, subject to significant allowances. We paid $29 million in cash for interest on the 2017 Notes during the nine months ended April 30, 2013 and $56 million in cash for interest on the Notes during the nine months ended April 30, 2012.

Other Long-Term Obligations

Other long-term obligations were as follows at the dates indicated:



(In millions)	April 30, 2013			July 31, 2012
Total deferred rent	$	55		$	53
Total license fee payable	47			54
Long-term deferred revenue	43			42
Long-term income tax liabilities	36			41
Long-term deferred income tax liabilities	16			—
Other	7			5
Total long-term obligations	204			195
Less current portion (included in other current liabilities)	(9		)	(19		)
Long-term obligations due after one year	$	195		$	176