Long-term interest bearing debt and interest expenses (Tables)

12 Months Ended

Dec. 31, 2012

Long-term interest bearing debt and interest expenses [Abstract]

Debt facilities

As of December 31, 2012 and 2011, the Company had the following debt facilities:

(In US$ millions)	December 31, 2012		December 31, 2011
Credit facilities
$1,500 facility		882		1,059
$800 facility		227		272
$585 facility		-		337
$100 facility		69		74
$700 facility		560		630
$1,200 facility		867		1,000
$900 facility		731		-
$440 facility		101		-
$1,121 Lloyd's facility		1,019		985
$2,000 facility (North Atlantic)		1,750		1,917
$170 facility		83		92
$550 facility		495		550
$400 facility		360		400
Total Bank Loans + other		7,144		7,316
Ship Finance International Loans
$700 facility		397		470
$1,400 facility		822		939
Total Ship Finance Facilities		1,219		1,409
Bonds and convertible bonds
Bonds		1,567		425
Convertible bonds		561		545
Total Bonds		2,128		970
Other credit facilities with corresponding restricted cash deposit		270		298
Total interest bearing debt		10,761		9,993
Less: current portion		(2,066)		(1,419)
Long-term portion of interest bearing debt		8,695		8,574

Maturities of outstanding debt

The outstanding debt as of December 31, 2012 is repayable as follows:

(In US$ millions)	December 31, 2012
2013		2,066
2014		1,738
2015		1,904
2016		1,017
2017 and thereafter		4,125
Effect of amortization of convertible bond		(89	)
Total debt		10,761