
5.	Borrowings

During the nine months ended June 29, 2013, the Company’s borrowing activity was as follows:



	September 29, 2012		Additions		Payments			Other Activity			June 29, 2013
Commercial paper borrowings	$	2,050	$	—	$	(2,000	)	$	—		$	50
U.S. medium-term notes	10,117		3,778		(750		)	7			13,152
European medium-term notes and other foreign currency denominated borrowings ⁽¹⁾	1,315		122		(59		)	(217		)	1,161
Other ⁽²⁾	562		—		(15		)	(180		)	367
Hong Kong Disneyland borrowings	267		—		—			6			273
Total	$	14,311	$	3,900	$	(2,824	)	$	(384	)	$	15,003

⁽¹⁾The other activity is primarily the impact of foreign currency translation as a result of the strengthening of the U.S. dollar against the Japanese yen.

⁽²⁾ The other activity is primarily market value adjustments for debt with qualifying hedges.

At September 29, 2012, the Company had two bank facilities, each for $2.25 billion. One of the facilities expires in 2015 and the other in 2017. On March 15, 2013, the Company entered into an additional $1.5 billion 364-day credit agreement with a syndicate of lenders. These bank facilities are used to support commercial paper borrowings and allow for borrowings at LIBOR-based rates plus a spread depending on the credit default swap spread applicable to the Company's debt, subject to a cap and floor that vary with the Company's long-term debt ratings assigned by Moody's Investors Service and Standard & Poor's. The spread above LIBOR can range from 0.23% to 1.93%. The facilities contain only one financial covenant, relating to interest coverage, and specifically exclude certain entities, including the International Theme Parks, from any representations, covenants or events of default.