Policy

The components of long-term debt are as follows:



(Dollars in Millions)	2013			Effective Rate %			2012		Effective Rate %
0.70% Notes due 2013	$	—		—	%		500		0.75
3.80% Debentures due 2013	—			—			500		3.82
3 month LIBOR+0% FRN due 2013	—			—			500		0.31
3 month LIBOR+0.09% FRN due 2014	750			0.33			750		0.40
1.20% Notes due 2014	999			1.24			999		1.24
2.15% Notes due 2016	898			2.22			898		2.22
3 month LIBOR+0.07% FRN due 2016	800			0.31			—		—
0.70% Notes due 2016	397			0.74			—		—
5.55% Debentures due 2017	1,000			5.55			1,000		5.55
5.15% Debentures due 2018	898			5.15			898		5.15
1.65% Notes due 2018	589			1.70			—		—
4.75% Notes due 2019 (1B Euro 1.3683) ⁽²⁾/ (1B Euro 1.3275) ⁽³⁾	1,363		⁽²⁾	5.83			1,321	⁽³⁾	5.83
3% Zero Coupon Convertible Subordinated Debentures due 2020	179			3.00			205		3.00
2.95% Debentures due 2020	542			3.15			542		3.15
3.55% Notes due 2021	446			3.67			446		3.67
6.73% Debentures due 2023	250			6.73			250		6.73
3.375% Notes due 2023	550			3.38			—		—
5.50% Notes due 2024 (500MM GBP 1.6414)⁽²⁾/(500MM GBP 1.6169)⁽³⁾	816		⁽²⁾	6.75			803	⁽³⁾	6.75
6.95% Notes due 2029	296			7.14			296		7.14
4.95% Debentures due 2033	500			4.95			500		4.95
4.375% Notes due 2033	646			4.42			—		—
5.95% Notes due 2037	995			5.99			995		5.99
5.85% Debentures due 2038	700			5.86			700		5.86
4.50% Debentures due 2040	539			4.63			539		4.63
4.85% Notes due 2041	298			4.89			298		4.89
4.50% Notes due 2043	499			4.52			—		—
Other	147			—			61		—
	15,097		⁽⁴⁾	4.00		⁽¹⁾	13,001	⁽⁴⁾	4.14	⁽¹	⁾
Less current portion	1,769						1,512
	$	13,328					11,489


⁽¹⁾	Weighted average effective rate.


⁽²⁾	Translation rate at December 29, 2013.


⁽³⁾	Translation rate at December 30, 2012.


⁽⁴⁾	The excess of the fair value over the carrying value of debt was $1.4 billion in 2013 and $2.2 billion in 2012.

JOHNSON & JOHNSON | 2013 | FY |