Annual report pursuant to Section 13 and 15(d)

Borrowings (Tables)

v2.4.0.6
Borrowings (Tables)
 12 Months Ended
Dec. 29, 2012
Borrowings (Tables) [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]

Our long-term debt as of December 29, 2012 and December 31, 2011 was as follows:

(In Millions)     2012   2011
2012 Senior notes due 2017 at 1.35% $ 2,997   $ —
2012 Senior notes due 2022 at 2.70%   1,494     —
2012 Senior notes due 2032 at 4.00%   743     —
2012 Senior notes due 2042 at 4.25%   924     —
2011 Senior notes due 2016 at 1.95%   1,498     1,498
2011 Senior notes due 2021 at 3.30%   1,996     1,995
2011 Senior notes due 2041 at 4.80%   1,489     1,489
2009 Junior subordinated convertible debentures due 2039 at 3.25%   1,063     1,052
2005 Junior subordinated convertible debentures due 2035 at 2.95%   932     919
2007 Arizona bonds due 2037 at 5.30%   —     131
Total long-term debt $ 13,136   $ 7,084
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
  Dec. 29,   Dec. 31,   Dec. 29,   Dec. 31,
(In Millions, Except Per Share Amounts) 2012   2011   2012   2011
Outstanding principal $ 2,000   $ 2,000   $ 1,600   $ 1,600
Equity component carrying amount $ 613   $ 613   $ 466   $ 466
Unamortized discount $ 922   $ 933   $ 656   $ 669
Net debt carrying amount $ 1,063   $ 1,052   $ 932   $ 919
Conversion rate (shares of common stock per $1,000 principal amount of debentures)   45.05     44.55     33.86     32.94
Effective conversion price (per share of common stock) $ 22.20   $ 22.45   $ 29.53   $ 30.36
Aggregate Debt Maturities [Table Text Block]

As of December 29, 2012, our aggregate debt maturities based on outstanding principal were as follows (in millions):

Year Payable  
2013 $ —
2014   —
2015   —
2016   1,500
2017   3,000
2018 and thereafter and thereafter   10,275
Total $ 14,775