Long-term Debt and Other Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Long-term Debt

Unless otherwise stated, interest rates are as of June 30, 2014.

	June 30, 2014							December 31, 2013
	Weighted							Weighted
	Interest			Carrying		Fair		Interest			Carrying		Fair
(IN MILLIONS)	Rate			Amount		Value		Rate			Amount		Value
$2,532 million Senior secured term loan (LIBOR based variable rate of 2.90%) due 2016					—		—					2,507		2,512
$1,222 million Senior secured term loan (LIBOR based variable rate of 2.15%) due 2017					—		—					1,115		1,113
$1,580 million Senior secured term loan (LIBOR based variable rate of 2.15% ) due 2019					1,580		1,581					—		—
$500 million Senior secured term loan (LIBOR based variable rate of 2.40% ) due 2017					500		500					—		—
$1,100 million Senior secured term loan (LIBOR based variable rate of 3.15% ) due 2021					1,100		1,106					—		—
€289 million Senior secured term loan (Euro LIBOR based variable rate of 3.15%) due 2016					—		—					394		395
€286 million Senior secured term loan (Euro LIBOR based variable rate of 3.21%) due 2021					392		393					—		—
$575 million senior secured revolving credit facility (Euro LIBOR or LIBOR based variable rate) due 2019					25		24				—		—
Total senior secured credit facilities (with weighted-average interest rate)		2.70	%		3,597		3,604		2.89	%		4,016		4,020
$1,080 million 7.75% senior debenture loan due 2018					802		848					1,083		1,172
$750 million 5.00% senior debenture loan due 2022					750		757					—		—
$800 million 4.50% senior debenture loan due 2020					800		807					800		779
$625 million 5.50% senior debenture loan due 2021					625		647					625		636
Total debenture loans (with weighted-average interest rate)		6.05	%		2,977		3,059		6.51	%		2,508		2,587
Other loans					4		4					5		5
Total long-term debt	4.22		%		6,578		6,667		4.28	%		6,529		6,612
Capital lease and other financing obligations					114							111
Total debt and other financing arrangements					6,692							6,640
Less: Current portion of long-term debt, capital lease and other financing obligations and other short-term borrowings					136							148
Non-current portion of long-term debt and capital lease and other financing obligations				$	6,556						$	6,492

Annual Maturities of Long-term Debt

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

(IN MILLIONS)
For July 1, 2014 to December 31, 2014	$	74
2015		103
2016		119
2017		641
2018		1,014
2019	1,042
Thereafter		3,585
	$	6,578