SHORT-TERM AND LONG-TERM DEBT

12 Months Ended

Jun. 30, 2011



June 30	2011			2010
DEBT DUE WITHIN ONE YEAR
Current portion of long-term debt	$	2,994		$	564
Commercial paper	6,950			7,838
Other	37			70
TOTAL	9,981			8,472

Short-term weighted average interest rates⁽¹⁾	0.9		%	0.4		%


(1)	Weighted average short-term interest rates include the effects of interest rate swaps discussed in Note 5.



June 30	2011			2010
LONG-TERM DEBT
1.35% USD note due August 2011	$	1,000		$	1,000
4.88% EUR note due October 2011	1,451			1,221
1.38% USD note due August 2012	1,250			1,250
Floating rate note due November 2012	500			—
3.38% EUR note due December 2012	2,031			1,710
4.50% EUR note due May 2014	2,176			1,832
4.95% USD note due August 2014	900			900
3.50% USD note due February 2015	750			750
0.95% JPY note due May 2015	1,243			1,129
3.15% USD note due September 2015	500			500
1.80% USD note due November 2015	1,000			—
4.85% USD note due December 2015	700			700
5.13% EUR note due October 2017	1,596			1,344
4.70% USD note due February 2019	1,250			1,250
4.13% EUR note due December 2020	871			733
9.36% ESOP debentures due 2011-2021⁽¹⁾	808			854
4.88% EUR note due May 2027	1,451			1,221
6.25% GBP note due January 2030	805			753
5.50% USD note due February 2034	500			500
5.80% USD note due August 2034	600			600
5.55% USD note due March 2037	1,400			1,400
Capital lease obligations	407			401
All other long-term debt	1,838			1,876
Current portion of long-term debt	(2,994		)	(564		)
TOTAL	22,033			21,360

Fair value of long-term debt	23,418			23,072
Long-term weighted average interest rates⁽²⁾	3.4		%	3.6		%


(1)	Debt issued by the ESOP is guaranteed by the Company and must be recorded as debt of the Company as discussed in Note 8.


(2)	Weighted average long-term interest rates include the effects of interest rate swaps and net investment hedges discussed in Note 5.

Long-term debt maturities during the next five years are as follows:

The Procter & Gamble Company fully and unconditionally guarantees the registered debt and securities issued by its 100% owned finance subsidiaries.