Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

v2.4.0.8
Borrowings (Tables)
 12 Months Ended
Dec. 28, 2013
Borrowings (Tables) [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Our long-term debt at the end of each period was as follows:
(In Millions)
 
Dec 28,
2013
 
Dec 29,
2012
2012 Senior notes due 2017 at 1.35%
 
$
2,997

 
$
2,997

2012 Senior notes due 2022 at 2.70%
 
1,494

 
1,494

2012 Senior notes due 2032 at 4.00%
 
744

 
743

2012 Senior notes due 2042 at 4.25%
 
924

 
924

2011 Senior notes due 2016 at 1.95%
 
1,499

 
1,498

2011 Senior notes due 2021 at 3.30%
 
1,996

 
1,996

2011 Senior notes due 2041 at 4.80%
 
1,490

 
1,489

2009 Junior subordinated convertible debentures due 2039 at 3.25%
 
1,075

 
1,063

2005 Junior subordinated convertible debentures due 2035 at 2.95%
 
946

 
932

Total long-term debt
 
$
13,165

 
$
13,136

Convertible Debentures Interest Rates [Table Text Block]
  
 
2009
Debentures
 
2005
Debentures
Annual coupon interest rate
 
3.25
%
 
2.95
%
Annual effective interest rate
 
7.20
%
 
6.45
%
Maximum amount of contingent interest that will accrue per year
 
0.50
%
 
0.40
%
Convertible Debentures Other Details [Table Text Block]
  
 
2009 Debentures
 
2005 Debentures
(In Millions, Except Per Share Amounts)
 
Dec 28,
2013
 
Dec 29,
2012
 
Dec 28,
2013
 
Dec 29,
2012
Outstanding principal
 
$
2,000

 
$
2,000

 
$
1,600

 
$
1,600

Equity component carrying amount
 
$
613

 
$
613

 
$
466

 
$
466

Unamortized discount
 
$
910

 
$
922

 
$
643

 
$
656

Net debt carrying amount
 
$
1,075

 
$
1,063

 
$
946

 
$
932

Conversion rate (shares of common stock per $1,000 principal amount of debentures)
 
45.57

 
45.05

 
34.60

 
33.86

Effective conversion price (per share of common stock)
 
$
21.94

 
$
22.20

 
$
28.90

 
$
29.53

Aggregate Debt Maturities [Table Text Block]
Our aggregate debt maturities based on outstanding principal as of December 28, 2013, by year payable, were as follows:
(In Millions)
 
 
2014
 
$
—

2015
 
—

2016
 
1,500

2017
 
3,000

2018
 
—

2019 and thereafter
 
10,275

Total
 
$
14,775