Reference no: EM132880167
Problem - Fair value of total long-term debt at December 31, 2017 and 2016 was $7,398 million and $7,886 million, respectively. Fair values were estimated based on quoted prices for financial instruments for which all significant inputs were observable, either directly or indirectly.
Scheduled maturities of long-term debt for the next 5 years are $407 million in 2018, $714 million in 2019, $760 million in 2020, $251 million in 2021, and $298 million in 2022.
In December 2017, we redeemed $500 million aggregate principal amount of 7.50% notes originally due November 1, 2018. As a result, we recognized a charge of $24 million in other (income) and expense, net.
In September 2017, we issued €500 million aggregate principal amount of 0.625% notes due September 7, 2024. Proceeds from the offering were used to repay a portion of our outstanding commercial paper indebtedness.
In May 2017, we issued $350 million aggregate principal amount of 3.90% notes due May 4, 2047. Proceeds from the offering were used for general corporate purposes, including repayment of a portion of our outstanding commercial paper indebtedness.
Required - What is the book value of Kimberly-Clark's total long-term debt on the 2017 balance sheet?