Long-term Debt and Other Financing Arrangements (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

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Summary of Long-term Debt

Unless otherwise stated, interest rates are as of March 31, 2013.

	March 31, 2013							December 31, 2012
(IN MILLIONS)	Weighted Interest Rate			Carrying Amount		Fair Value		Weighted Interest Rate			Carrying Amount		Fair Value
$1,610 million Senior secured term loan due 2013				$	—	$	—				$	218	$	218
$2,386 million Senior secured term loan due 2016					—		—					2,315		2,324
$2,532 million Senior secured term loan (LIBOR based variable rate of 2.95%) due 2016					2,526		2,549					—		—
$1,222 million Senior secured term loan (LIBOR based variable rate of 2.20%) due 2017					1,161		1,167					1,176		1,173
€227 million Senior secured term loan due 2013					—		—					34		34
€273 million Senior secured term loan due 2016					—		—					347		347
€289 million Senior secured term loan (Euro LIBOR based variable rate of 3.06%) due 2016					371		373					—		—
$635 million senior secured revolving credit facility (Euro LIBOR or LIBOR based variable rate) due 2016					55		55					—		—
Total senior secured credit facilities (with weighted-average interest rate)		2.90	%		4,113		4,144		3.46	%		4,090		4,096
$215 million 11.625% senior debenture loan due 2014					210		227					209		232
$1,080 million 7.75% senior debenture loan due 2018					1,084		1,203					1,084		1,211
$800 million 4.50% senior debenture loan due 2020					800		799					800		794
Total debenture loans (with weighted-average interest rate)		7.60	%		2,094		2,229		7.60	%		2,093		2,237
Other loans					1		1					1		1
Total long-term debt		4.49	%		6,208		6,374		4.86	%		6,184		6,334
Capital lease and other financing obligations					106							107
Bank overdrafts					6							5
Short term debt					8							7
Total debt and other financing arrangements					6,328							6,303
Less: Current portion of long-term debt, capital lease and other financing obligations and other short-term borrowings					380							362
Non-current portion of long-term debt and capital lease and other financing obligations				$	5,948						$	5,941

Unless otherwise stated, interest rates are as of December 31, 2012.

(IN MILLIONS)	December 31, 2012							December 31, 2011
	Weighted Interest Rate			Carrying Amount		Fair Value		Weighted Interest Rate			Carrying Amount		Fair Value
$1,610 million Senior secured term loan (LIBOR based variable rate of 2.21%) due 2013				$	218	$	218				$	1,287	$	1,270
$2,386 million Senior secured term loan (LIBOR based variable rate of 3.67%) due 2016					2,315		2,324					2,338		2,290
$1,222 million Senior secured term loan (LIBOR based variable rate of 2.46%) due 2017					1,176		1,173					—		—
€227 million Senior secured term loan (Euro LIBOR based variable rate of 2.05%) due 2013					34		34					186		183
€273 million Senior secured term loan (Euro LIBOR based variable rate of 3.62%) due 2016					347		347					345		338
$500 million 8.50% senior secured term loan due 2017					—		—					500		538
$635 million senior secured revolving credit facility (Euro LIBOR or LIBOR based variable rate) due 2016					—		—					—		—
Total senior secured credit facilities (with weighted average interest rate)		3.46	%		4,090		4,096		4.13	%		4,656		4,619
$325 million 11.50% senior debenture loan due 2016					—		—					307		350
$215 million 11.625% senior debenture loan due 2014					209		232					204		234
$1,080 million 7.75% senior debenture loan due 2018					1,084		1,211					1,084		1,165
$800 million 4.50% senior debenture loan due 2020					800		794					—		—
€50 million private placement debenture loan (EMTN) (3-month EURIBOR based variable rate) due 2012					—		—					65		64
€30 million 6.75% private placement debenture loan (EMTN) due 2012					—		—					39		39
Total debenture loans (with weighted average interest rate)		7.60	%		2,093		2,237		9.94	%		1,699		1,852
Other loans					1		1					4		4
Total long-term debt		4.86	%		6,184		6,334		5.68	%		6,359		6,475
Capital lease and other financing obligations					107							115
Bank overdrafts					5							1
Short-term debt					7							6
Total debt and other financing arrangements					6,303							6,481
Less: Current portion of long-term debt, capital lease and other financing obligations and other short-term borrowings					362							150
Non-current portion of long-term debt and capital lease and other financing obligations				$	5,941						$	6,331

Annual Maturities of Long-term Debt

Annual maturities of Nielsen’s long-term debt are as follows:

(IN MILLIONS)
For April 1, 2013 to December 31, 2013	$	124
2014		348
2015		151
2016		2,969
2017		733
2018		1,083
Thereafter		800
	$	6,208

Annual maturities of Nielsen’s long-term debt are as follows:

(IN MILLIONS)
2013	$	341
2014		344
2015		150
2016		2,732
2017		733
Thereafter		1,884
	$	6,184

Schedule of Long-term Debt Currency Wise

The carrying amounts of Nielsen’s long-term debt are denominated in the following currencies:

(IN MILLIONS)	December 31, 2012		December 31, 2011
U.S. Dollars	$	5,803	$	5,724
Euro		381		635
Japanese Yen		—		—
	$	6,184	$	6,359

Summary of Future Minimum Capital Lease Payments under Non-Cancelable Capital Leases

Future minimum capital lease payments under non-cancelable capital leases at December 31, 2012 are as follows:

(IN MILLIONS)
2013	$	19
2014		15
2015		14
2016		14
2017		14
Thereafter		91
Total		167
Less: amount representing interest		60
Present value of minimum lease payments	$	107
Current portion	$	10
Total non-current portion		97
Present value of minimum lease payments	$	107