SHORT-TERM AND LONG-TERM DEBT

12 Months Ended

Jun. 30, 2014

Notes to Financial Statements [Abstract]

NOTE 4

SHORT-TERM AND LONG-TERM DEBT



June 30	2014			2013
DEBT DUE WITHIN ONE YEAR
Current portion of long-term debt	$	4,307		$	4,506
Commercial paper	10,818			7,642
Other	481			284
TOTAL	15,606			12,432

Short-term weighted average interest rates⁽¹⁾	0.7		%	0.5		%

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



June 30	2014			2013
LONG-TERM DEBT
4.95% USD note due August 2014	$	900		$	900
0.70% USD note due August 2014	1,000			1,000
3.50% USD note due February 2015	750			750
0.95% JPY note due May 2015	987			1,012
3.15% USD note due September 2015	500			500
1.80% USD note due November 2015	1,000			1,000
4.85% USD note due December 2015	700			700
1.45% USD note due August 2016	1,000			1,000
0.75% USD note due November 2016	500			—
Floating rate USD note due November 2016	500			—
5.13% EUR note due October 2017	1,501			1,437
1.60% USD note due November 2018	1,000			—
4.70% USD note due February 2019	1,250			1,250
4.13% EUR note due December 2020	819			784
9.36% ESOP debentures due 2014-2021⁽¹⁾	640			701
2.00% EUR note due November 2021	1,023			—
2.30% USD note due February 2022	1,000			1,000
2.00% EUR note due August 2022	1,365			1,307
3.10% USD note due August 2023	1,000			—
4.88% EUR note due May 2027	1,365			1,307
6.25% GBP note due January 2030	851			764
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	83			31
All other long-term debt	1,884			5,674
Current portion of long-term debt	(4,307		)	(4,506		)
TOTAL	19,811			19,111

Long-term weighted average interest rates⁽²⁾	3.2		%	3.3		%


⁽¹⁾	Debt issued by the ESOP is guaranteed by the Company and must be recorded as debt of the Company, as discussed in Note 9.


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

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



June 30	2015		2016		2017		2018		2019
Debt maturities	$	4,307	$	2,356	$	2,123	$	1,605	$	2,357

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

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details