|
|
|
|
 |
|
|
|
|
(in millions) |
|
2004 |
|
|
2003 |
|
|
|
|
Consumer products: |
|
|
|
|
|
|
|
|
 Short-term borrowings, reclassified as |
|
|
|
|
|
|
|
|
long-term debt |
|
$ — |
|
|
$ 1,900 |
|
|
|
Notes, 4.00% to 7.65% (average effective |
|
|
|
|
|
|
|
|
rate 5.94%), due through 2031 |
|
14,443 |
|
|
15,190 |
|
|
|
Debentures, 7.00% to 7.75% (average |
|
|
|
|
|
|
|
|
effective rate 8.38%), $950 million face |
|
|
|
|
|
|
|
|
amount, due through 2027 |
|
911 |
|
|
907 |
|
|
|
Foreign currency obligations: |
|
|
|
|
|
|
|
|
Euro, 4.50% to 5.63% (average effective |
|
|
|
|
|
|
|
|
rate 5.07%), due through 2008 |
|
2,670 |
|
|
2,427 |
|
|
|
Other foreign |
|
15 |
|
|
17 |
|
|
|
Other |
|
174 |
|
|
173 |
|
|
|
|
|
|
18,213 |
|
|
20,614 |
|
|
|
Less current portion of long-term debt |
|
(1,751 |
) |
|
(1,661 |
) |
|
|
|
|
|
$ 16,462 |
|
|
$ 18,953 |
|
|
|
|
Financial services |
|
|
|
|
|
|
|
|
Eurodollar bonds, 7.50%, due 2009 |
|
$499 |
|
|
$499 |
|
|
|
Swiss franc, 4.00%, due 2006 and 2007 |
|
1,521 |
|
|
1,345 |
|
|
|
Euro, 6.88%, due 2006 |
|
201 |
|
|
366 |
|
|
|
|
|
|
$ 2,221 |
|
|
$ 2,210 |
|
|
|
|
Aggregate maturities of long-term debt are as follows:
|
| (in millions) |
Consumer
Products |
Financial
Services |
|
| 2005 |
$1,751 |
|
| 2006 |
3,414 |
$1,070 |
| 2007 |
1,903 |
652 |
| 2008 |
2,904 |
|
| 2009 |
887 |
499 |
| 2010-2014 |
5,502 |
|
| 2015-2019 |
391 |
|
| Thereafter |
1,500 |
|
|
Based on market quotes, where available, or interest rates currently available to Altria Group, Inc. for issuance of debt with similar terms and remaining maturities, the aggregate fair value of consumer products and financial services long-term debt, including the current portion of long-term debt, at December 31, 2004 and 2003, was $21.7 billion and $24.1 billion, respectively.
|