Long-Term Obligations

Long-Term Debt

On March 12, 2007 we issued $500 million of 5.75% senior unsecured notes due on March 15, 2017 (the Notes). We carried the Notes at face value less the unamortized discount in long-term debt on our balance sheets at January 31, 2014 and July 31, 2013. The 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 $14 million in cash for interest on the Notes during the six months ended January 31, 2014 and $14 million in cash for interest on the Notes during the six months ended January 31, 2013.

Other Long-Term Obligations

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



(In millions)	January 31, 2014			July 31, 2013
Total deferred rent	$	55		$	55
Total license fee payable	50			48
Long-term income tax liabilities	39			38
Long-term deferred revenue	16			32
Long-term deferred income tax liabilities	44			6
Other	8			7
Total long-term obligations	212			186
Less current portion (included in other current liabilities)	(18		)	(19		)
Long-term obligations due after one year	$	194		$	167