Future maturities of long-term

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Reference no: EM13915172

Analyzing Debt Terms, Yields, Prices, and Credit Ratings

Reproduced below is the debt footnote from the 2013 10-K report of Dell Inc.

Long-Term Debt (in millions)	February 1, 2013	February 3, 2012
Senior Notes
$400 million issued on June 10, 2009, at 3.375% due June 2012 ("2012 Notes")	$ -	$ 400
$600 million issued on April 17, 2008, at 4.70% due April 2013 ("2013A Notes")	601	605
$500 million issued on September 7, 2010, at 1.40% due September 2013	500	499
$500 million issued on April 1, 2009, at 5.625% due April 2014(b)	500	500
$300 million issued on March 28, 2011, with a floating rate due April 2014 ("2014B Notes")	300	300
$400 million issued on March 28, 2011, at 2.10% due April 2014	400	400
$700 million issued on September 7, 2010, at 2.30% due September 2015(b)	702	701
$400 million issued on March 28, 2011, at 3.10% due April 2016(b)	402	401
$500 million issued on April 17, 2008, at 5.65% due April 2018(b)	502	501
$600 million issued on June 10, 2009, at 5.875% due June 2019(b)	604	602
$400 million issued on March 28, 2011, at 4.625% due April 2021	398	398
$400 million issued on April 17, 2008, at 6.50% due April 2038	400	400
$300 million issued on September 7, 2010, at 5.40% due September 2040	300	300
Senior Debentures
$300 million issued on April 3, 1998, at 7.10% due April 2028 ("Senior Debentures")(a)	379	384
Other
Long-term structured financing debt	872	920
Less: current portion of long-term debt	(1,618)	(924)
Total long-term debt	5,242*	6,387
Short-Term Debt
Commercial paper	1,807	1,500
Short-term structured financing debt	416	440
Current portion of long-term debt	1,618	924
Other	2	3
Total short-term debt	3,843	2,867
Total debt	$ 9,085	$ 9,254

*Reflects carrying value (net book value) of debt.

Aggregate future maturities of long-term debt at face value were as follows at February 1, 2013:

	Maturities by Fiscal Year
(in millions)	2014	2015	2016	2017	2018	Thereafter	Total
Aggregate future maturities
of long-term debt outstanding	$ 1,617	$ 1,465	$ 790	$ 400	$ --	$ 2,500	$ 6,722**

**Reflects face value of debt.

Reproduced below is a summary of the market values as of November 2013 of the Dell bonds maturing from 2021 to 2040 (from Morningstar, quicktake.morningstar.com).

Name	Maturity Date	Amount $	Price	Coupon %	Yield to Maturity %
Dell 5.4%	9/10/2040	300	69.50	5.4	8.24
Dell 6.5%	4/15/2038	400	77.30	6.5	8.77
Dell 4.625%	4/1/2021	400	91.50	4.625	6.07

(a) What is the amount of long-term debt reported on Dell's February 1, 2013 balance sheet?
$_________ million

What are the scheduled maturities for this indebtedness?

2014	$______	million
2015	$______	million
2016	$______	million
2017	$ ______	million
2018	$______	million
thereafter	$______	million

Dell's $300 million 5.4% notes traded at 69.5 or 69.5% of par, as of November 2013. What is the market value of these notes on that date? (Round your answer to one decimal place.)

$_______ million.

Reference no: EM13915172

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