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| | |
Per 2018
Note |
| |
Total
|
| |
Per 2020
Note |
| |
Total
|
| |
Per 2022
Note |
| |
Total
|
| |
Per 2025
Note |
| |
Total
|
| |
Per 2045
Note |
| |
Total
|
| ||||||||||||||||||||||||||||||
Public offering price(1)
|
| | | | % | | | | | $ | | | | | | % | | | | | $ | | | | | | % | | | | | $ | | | | | | % | | | | | $ | | | | | | % | | | | | $ | | | |||||
Underwriting discount
|
| | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | |
Proceeds, before expenses, to us(1)
|
| | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | | | | | % | | | | | $ | | | |
| | |
Page
|
| |||
| | | | S-1 | | | |
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-2 | | | |
| | | | S-4 | | | |
| | | | S-7 | | | |
| | | | S-10 | | | |
| | | | S-14 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-17 | | | |
| | | | S-33 | | | |
| | | | S-38 | | | |
| | | | S-43 | | | |
| | | | S-43 | | |
| | |
Page
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| | | | 18 | | | |
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| | | | 20 | | | |
| | | | 21 | | | |
| | | | 22 | | |
| | |
As of June 30, 2015
|
| |||||||||||
| | |
Actual
|
| |
Adjusted for this
Offering |
| ||||||||
| | |
(unaudited)
(in millions, except per share amounts) |
| |||||||||||
Cash, Cash Equivalents and Marketable Securities(1)
|
| | | $ | 7,492.2 | | | | | $ | | | |||
Short-Term Debt: | | | | | | | | | | | | | | ||
Commercial Paper
|
| | | | 860.6 | | | | | | 860.6 | | | ||
Existing Senior Notes:
|
| | | ||||||||||||
2.450% Senior Notes due 2015
|
| | | | 502.3 | | | | | | 502.3 | | | ||
Total Short-Term Debt
|
| | | | 1,362.9 | | | | | | 1,362.9 | | | ||
Long-Term Debt: | | | | | | | | | | | | | | ||
Revolving Credit Facility(2)
|
| | | | — | | | | | | — | | | ||
Existing Senior Notes:
|
| | | | | | | | | | | | | ||
1.900% Senior Notes due 2017
|
| | | | 502.1 | | | | | | 502.1 | | | ||
2.300% Senior Notes due 2018
|
| | | | 402.2 | | | | | | 402.2 | | | ||
2.250% Senior Notes due 2019
|
| | | | 505.3 | | | | | | 505.3 | | | ||
3.950% Senior Notes due 2020
|
| | | | 504.6 | | | | | | 504.6 | | | ||
3.250% Senior Notes due 2022
|
| | | | 1,003.2 | | | | | | 1,003.2 | | | ||
4.000% Senior Notes due 2023
|
| | | | 698.4 | | | | | | 698.4 | | | ||
3.625% Senior Notes due 2024
|
| | | | 997.5 | | | | | | 997.5 | | | ||
5.700% Senior Notes due 2040
|
| | | | 249.6 | | | | | | 249.6 | | | ||
5.250% Senior Notes due 2043
|
| | | | 396.7 | | | | | | 396.7 | | | ||
4.625% Senior Notes due 2044
|
| | | | 996.5 | | | | | | 996.5 | | | ||
Senior Notes offered hereby:
|
| | | | | | | | | | | | | ||
% Senior Notes due 2018
|
| | | | — | | | | |||||||
% Senior Notes due 2020
|
| | | | — | | | | |||||||
% Senior Notes due 2022
|
| | | | — | | | | |||||||
% Senior Notes due 2025
|
| | | | — | | | | |||||||
% Senior Notes due 2045
|
| | | | — | | | | | | | | | ||
Total Long-Term Debt
|
| | | $ | 6,256.1 | | | | | $ | | | |||
Equity: | | | | ||||||||||||
Preferred stock, $.01 par value per share, 5.0 million shares authorized; none outstanding
|
| | | $ | — | | | | | $ | — | | | ||
Common stock, $.01 par value; 1.150 billion shares authorized; 933.5 million issued
|
| | | | 9.3 | | | | | | 9.3 | | | ||
Additional paid-in capital
|
| | | | 10,495.7 | | | | | | 10,495.7 | | | ||
Cost of treasury stock (142.5 million shares)
|
| | | | (12,788.7) | | | | | | (12,788.7) | | | ||
Retained earnings
|
| | | | 7,547.5 | | | | | | 7,547.5 | | | ||
Accumulated other comprehensive income
|
| | | | 1,058.1 | | | | | | 1,058.1 | | | ||
Total Equity
|
| | | $ | 6,321.9 | | | | | $ | 6,321.9 | | | ||
Total Capitalization
|
| | | $ | 13,940.9 | | | | | $ | | | | ||
|
| | |
Year Ended
|
| |
Six Months
Ended June 30, 2015 |
| ||||||||||||||||||||||||||||||
| | |
December 31,
2010 |
| |
December 31,
2011 |
| |
December 31,
2012 |
| |
December 31,
2013 |
| |
December 31,
2014 |
| |||||||||||||||||||||
Ratio of earnings to fixed charges(1)
|
| | | | 70.9x | | | | | | 32.4x | | | | | | 25.7x | | | | | | 17.6x | | | | | | 13.4x | | | | | | 13.4x | | |
Underwriters
|
| |
Principal Amount
of 2018 Notes |
| |
Principal Amount
of 2020 Notes |
| |
Principal Amount
of 2022 Notes |
| |
Principal Amount
of 2025 Notes |
| |
Principal Amount
of 2045 Notes |
| ||||||||||||||||||||
J.P. Morgan Securities LLC
|
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||||||||
Citigroup Global Markets Inc.
|
| | | | | | ||||||||||||||||||||||||||||||
Deutsche Bank Securities Inc.
|
| | | | | | ||||||||||||||||||||||||||||||
Merrill Lynch, Pierce, Fenner &
Smith Incorporated |
| | | | | | ||||||||||||||||||||||||||||||
Barclays Capital Inc.
|
| | | | | | ||||||||||||||||||||||||||||||
Credit Suisse Securities (USA) LLC
|
| | | | | | ||||||||||||||||||||||||||||||
Goldman, Sachs & Co.
|
| | | | | | ||||||||||||||||||||||||||||||
Morgan Stanley & Co. LLC
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||
Total
|
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | | | $ | | | | |||||||||
|
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| | | | 20 | | | |
| | | | 21 | | | |
| | | | 22 | | |
| | |
Nine Months
Ended September 30, 2013 |
| |
Years Ended
|
| ||||||||||||||||||||||||||||||
| | |
December 31,
2012 |
| |
December 31,
2011 |
| |
December 31,
2010 |
| |
December 31,
2009 |
| |
December 31,
2008 |
| |||||||||||||||||||||
Ratio of earnings to fixed charges(1)
|
| | | | 23.4x | | | | | | 26.7x | | | | | | 32.4x | | | | | | 70.9x | | | | | | 299.7x | | | | | | — | | |
Deficiency of earnings available
to cover fixed charges(2) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | (1,359.1) | | |