Long-Term Debt Maturities

Entity Registrant Name DUPONT E I DE NEMOURS & CO
CIK 0000030554
Accession number 0000030554-14-000002
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/30554/000003055414000002/dd-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Did not investigate.
Level 1 (Note level) Text Block concept us-gaap:LongTermDebtTextBlock
LONG-TERM BORROWINGS AND CAPITAL LEASE OBLIGATIONS
December 31,
2013
2012
U.S. dollar:
 
 
Medium-term notes due 2013 – 20411,2
$
121

$
374

5.00% notes due 20132
—

250

5.00% notes due 20132
—

749

5.875% notes due 20142
170

170

1.75% notes due 20142
400

400

Floating rate notes due 20142,3
600

600

4.875% notes due 20142
500

499

3.25% notes due 20154
1,028

1,054

4.75% notes due 2015
400

400

1.95% notes due 2016
498

497

2.75% notes due 2016
500

499

5.25% notes due 2016
599

599

6.00% notes due 20185
1,361

1,383

5.75% notes due 2019
499

499

4.625% notes due 2020
997

997

3.625% notes due 2021
999

999

4.25% notes due 2021
499

499

2.80% notes due 2023
1,250

—

6.50% debentures due 2028
299

299

5.60% notes due 2036
395

395

4.90% notes due 2041
494

493

4.15% notes due 2043
749

—

Other loans (average interest rate of 4.2 percent)2
33

36

Other loans-various currencies2
1

2

 
12,392

11,693

Less short-term portion of long-term debt
1,674

1,252

 
10,718

10,441

Capital lease obligations
23

24

Total
$
10,741

$
10,465


1. 
Average interest rates on medium-term notes at December 31, 2013 and 2012 were 0.0% and 4.0%, respectively.
2. 
Includes long-term debt due within one year.
3. 
Interest rate on floating rate notes at December 31, 2013 and 2012 was 0.7%.
4. 
At December 31, 2013 and 2012, the company had outstanding interest rate swap agreements with gross notional amounts of $1,000. Over the remaining terms of the notes, the company will receive fixed payments equivalent to the underlying debt and pay floating payments based on USD LIBOR (London Interbank Offered Rate). The fair value of outstanding swaps was an asset of $29 and $55 at December 31, 2013 and 2012, respectively.
5. 
During 2008, the interest rate swap agreement associated with these notes was terminated. The gain will be amortized over the remaining life of the bond, resulting in an effective yield of 3.85%.

In 2013, the company issued $1,250 of 2.80% Notes due February 15, 2023 and $750 of 4.15% Notes due February 15, 2043.

Maturities of long-term borrowings are $1,429, $1,597, $0 and $1,361 for the years 2015, 2016, 2017 and 2018, respectively, and $6,331 thereafter.

The estimated fair value of the company's long-term borrowings, including interest rate financial instruments, was determined using level 2 inputs within the fair value hierarchy, as described in Note 1 to the Consolidated Financial Statements. Based on quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same remaining maturities, the fair value of the company's long-term borrowings was $11,130 and $11,715 at December 31, 2013 and 2012, respectively.
Level 4 (Note level) Text Block concept - Maturities of Long Term Debt us-gaap:LongTermDebtTextBlock
LONG-TERM BORROWINGS AND CAPITAL LEASE OBLIGATIONS
December 31,
2013
2012
U.S. dollar:
 
 
Medium-term notes due 2013 – 20411,2
$
121

$
374

5.00% notes due 20132
—

250

5.00% notes due 20132
—

749

5.875% notes due 20142
170

170

1.75% notes due 20142
400

400

Floating rate notes due 20142,3
600

600

4.875% notes due 20142
500

499

3.25% notes due 20154
1,028

1,054

4.75% notes due 2015
400

400

1.95% notes due 2016
498

497

2.75% notes due 2016
500

499

5.25% notes due 2016
599

599

6.00% notes due 20185
1,361

1,383

5.75% notes due 2019
499

499

4.625% notes due 2020
997

997

3.625% notes due 2021
999

999

4.25% notes due 2021
499

499

2.80% notes due 2023
1,250

—

6.50% debentures due 2028
299

299

5.60% notes due 2036
395

395

4.90% notes due 2041
494

493

4.15% notes due 2043
749

—

Other loans (average interest rate of 4.2 percent)2
33

36

Other loans-various currencies2
1

2

 
12,392

11,693

Less short-term portion of long-term debt
1,674

1,252

 
10,718

10,441

Capital lease obligations
23

24

Total
$
10,741

$
10,465


1. 
Average interest rates on medium-term notes at December 31, 2013 and 2012 were 0.0% and 4.0%, respectively.
2. 
Includes long-term debt due within one year.
3. 
Interest rate on floating rate notes at December 31, 2013 and 2012 was 0.7%.
4. 
At December 31, 2013 and 2012, the company had outstanding interest rate swap agreements with gross notional amounts of $1,000. Over the remaining terms of the notes, the company will receive fixed payments equivalent to the underlying debt and pay floating payments based on USD LIBOR (London Interbank Offered Rate). The fair value of outstanding swaps was an asset of $29 and $55 at December 31, 2013 and 2012, respectively.
5. 
During 2008, the interest rate swap agreement associated with these notes was terminated. The gain will be amortized over the remaining life of the bond, resulting in an effective yield of 3.85%.

In 2013, the company issued $1,250 of 2.80% Notes due February 15, 2023 and $750 of 4.15% Notes due February 15, 2043.

Maturities of long-term borrowings are $1,429, $1,597, $0 and $1,361 for the years 2015, 2016, 2017 and 2018, respectively, and $6,331 thereafter.

The estimated fair value of the company's long-term borrowings, including interest rate financial instruments, was determined using level 2 inputs within the fair value hierarchy, as described in Note 1 to the Consolidated Financial Statements. Based on quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same remaining maturities, the fair value of the company's long-term borrowings was $11,130 and $11,715 at December 31, 2013 and 2012, respectively.
Level 4 (Note level) Text Block concept - Debt Instruments us-gaap:ScheduleOfDebtTableTextBlock
December 31,
2013
2012
U.S. dollar:
 
 
Medium-term notes due 2013 – 20411,2
$
121

$
374

5.00% notes due 20132
—

250

5.00% notes due 20132
—

749

5.875% notes due 20142
170

170

1.75% notes due 20142
400

400

Floating rate notes due 20142,3
600

600

4.875% notes due 20142
500

499

3.25% notes due 20154
1,028

1,054

4.75% notes due 2015
400

400

1.95% notes due 2016
498

497

2.75% notes due 2016
500

499

5.25% notes due 2016
599

599

6.00% notes due 20185
1,361

1,383

5.75% notes due 2019
499

499

4.625% notes due 2020
997

997

3.625% notes due 2021
999

999

4.25% notes due 2021
499

499

2.80% notes due 2023
1,250

—

6.50% debentures due 2028
299

299

5.60% notes due 2036
395

395

4.90% notes due 2041
494

493

4.15% notes due 2043
749

—

Other loans (average interest rate of 4.2 percent)2
33

36

Other loans-various currencies2
1

2

 
12,392

11,693

Less short-term portion of long-term debt
1,674

1,252

 
10,718

10,441

Capital lease obligations
23

24

Total
$
10,741

$
10,465


1. 
Average interest rates on medium-term notes at December 31, 2013 and 2012 were 0.0% and 4.0%, respectively.
2. 
Includes long-term debt due within one year.
3. 
Interest rate on floating rate notes at December 31, 2013 and 2012 was 0.7%.
4. 
At December 31, 2013 and 2012, the company had outstanding interest rate swap agreements with gross notional amounts of $1,000. Over the remaining terms of the notes, the company will receive fixed payments equivalent to the underlying debt and pay floating payments based on USD LIBOR (London Interbank Offered Rate). The fair value of outstanding swaps was an asset of $29 and $55 at December 31, 2013 and 2012, respectively.
5. 
During 2008, the interest rate swap agreement associated with these notes was terminated. The gain will be amortized over the remaining life of the bond, resulting in an effective yield of 3.85%

Level 4 Details Key Concepts: Long-term Debt Maturities

Description Fact value US GAAP XBRL Concept
Year 1 (Current portion) 0
Year 2 1,429,000,000 us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
Year 3 1,597,000,000 us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
Year 4 0 us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
Year 5 1,361,000,000 us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
Thereafter 6,331,000,000 us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Total Long-term Debt 12,392,000,000 us-gaap:LongTermDebt
CHECK 1,674,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Current portion 1,674,000,000 us-gaap:LongTermDebtCurrent
Noncurrent portion 10,741,000,000 us-gaap:LongTermDebtAndCapitalLeaseObligations
Total Long-Term Debt 12,392,000,000 us-gaap:LongTermDebt
CHECK -23,000,000

*

*

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