Identify home depot long-term liabilities

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Question - Access the March 22, 2012, filing of the 10-K report of Home Depot for the year ended January31, 2012, from www.SEC.gov (Ticker: HD). Refer to Home Depot's balance sheet, including its note 4 (on debt).

Required

1. Identify Home Depot's long-term liabilities and the amounts for those liabilities from Home Depot's balance sheet at January 31, 2012.

2. Review Home Depot's note 4.

The note reports that as of January 31, 2012, it had $2.961 billion of"5.875% Senior Notes; due December 16, 2036; interest payable semiannually on June 16 and December 16." These notes have a face value of $3.0 billion and were originally issued at $2.958billion.

1. Why would Home Depot issue $3.0 billion of its notes for only $2.958 billion?

2. How much cash interest must Home Depot pay each June 16 and December 16 on these notes?

Reference no: EM132032056

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