| | ||||||||||||||||||||||||||||
Title of Each Class of
Securities to Be Registered |
| |
Amount
to Be Registered |
| |
Proposed
Maximum Offering Price Per Unit |
| |
Proposed
Maximum Aggregate Offering Price |
| |
Amount of
Registration Fee(1) |
| ||||||||||||||||
2.125% Senior Notes due 2018
|
| | | $ | 1,000,000,000 | | | | | | 99.994% | | | | | $ | 999,940,000 | | | | | $ | 116,193.03 | | | ||||
2.875% Senior Notes due 2020
|
| | | $ | 1,500,000,000 | | | | | | 99.819% | | | | | $ | 1,497,285,000 | | | | | $ | 173,984.52 | | | ||||
3.550% Senior Notes due 2022
|
| | | $ | 1,000,000,000 | | | | | | 99.729% | | | | | $ | 997,290,000 | | | | | $ | 115,885.10 | | | ||||
3.875% Senior Notes due 2025
|
| | | $ | 2,500,000,000 | | | | | | 99.034% | | | | | $ | 2,475,850,000 | | | | | $ | 287,693.77 | | | ||||
5.000% Senior Notes due 2045
|
| | | $ | 2,000,000,000 | | | | | | 99.691% | | | | | $ | 1,993,820,000 | | | | | $ | 231,681.88 | | | ||||
Total | | | | $ | 8,000,000,000 | | | | | | — | | | | | $ | 7,964,185,000 | | | | | $ | 925,438.30 | | | ||||
|
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
Per 2018
Note |
| |
Total
|
| |
Per 2020
Note |
| |
Total
|
| |
Per 2022
Note |
| |
Total
|
| |
Per 2025
Note |
| |
Total
|
| |
Per 2045
Note |
| |
Total
|
| ||||||||||||||||||||||||||||||
| | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Public offering price(1)
|
| | | | 99.994% | | | | | $ | 999,940,000 | | | | | | 99.819% | | | | | $ | 1,497,285,000 | | | | | | 99.729% | | | | | $ | 997,290,000 | | | | | | 99.034% | | | | | $ | 2,475,850,000 | | | | | | 99.691% | | | | | $ | 1,993,820,000 | | |
Underwriting discount
|
| | | | 0.250% | | | | | $ | 2,500,000 | | | | | | 0.350% | | | | | $ | 5,250,000 | | | | | | 0.400% | | | | | $ | 4,000,000 | | | | | | 0.450% | | | | | $ | 11,250,000 | | | | | | 0.875% | | | | | $ | 17,500,000 | | |
Proceeds, before expenses, to
us(1) |
| | | | 99.744% | | | | | $ | 997,440,000 | | | | | | 99.469% | | | | | $ | 1,492,035,000 | | | | | | 99.329% | | | | | $ | 993,290,000 | | | | | | 98.584% | | | | | $ | 2,464,600,000 | | | | | | 98.816% | | | | | $ | 1,976,320,000 | | |
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Page
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| | | | S-7 | | | |
| | | | S-10 | | | |
| | | | S-14 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-17 | | | |
| | | | S-33 | | | |
| | | | S-38 | | | |
| | | | S-43 | | | |
| | | | S-43 | | |
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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 | | | | | $ | 7,661.4 | | | | ||
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:
|
| | | | | | | | | | | | | | ||
2.125% Senior Notes due 2018
|
| | | | — | | | | | | 997.4 | | | | ||
2.875% Senior Notes due 2020
|
| | | | — | | | | | | 1,492.0 | | | | ||
3.550% Senior Notes due 2022
|
| | | | — | | | | | | 993.3 | | | | ||
3.875% Senior Notes due 2025
|
| | | | — | | | | | | 2,464.6 | | | | ||
5.000% Senior Notes due 2045
|
| | | | — | | | | | | 1,976.3 | | | | | |
Total Long-Term Debt
|
| | | $ | 6,256.1 | | | | | $ | 14,179.7 | | | | ||
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 | | | | | $ | 21,864.5 | | | | ||
|
| | |
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 |
| | | $ | 239,438,000 | | | | | $ | 359,157,000 | | | | | $ | 239,438,000 | | | | | $ | 598,595,000 | | | | | $ | 478,876,000 | | | |||||
Citigroup Global Markets Inc.
|
| | | | 120,688,000 | | | | | | 181,032,000 | | | | | | 120,688,000 | | | | | | 301,720,000 | | | | | | 241,376,000 | | | |||||
Deutsche Bank Securities Inc.
|
| | | | 120,688,000 | | | | | | 181,032,000 | | | | | | 120,688,000 | | | | | | 301,720,000 | | | | | | 241,376,000 | | | |||||
Merrill Lynch, Pierce, Fenner & Smith Incorporated
|
| | | | 120,688,000 | | | | | | 181,032,000 | | | | | | 120,688,000 | | | | | | 301,720,000 | | | | | | 241,376,000 | | | |||||
Barclays Capital Inc.
|
| | | | 78,356,000 | | | | | | 117,534,000 | | | | | | 78,356,000 | | | | | | 195,890,000 | | | | | | 156,712,000 | | | |||||
Credit Suisse Securities (USA) LLC
|
| | | | 78,356,000 | | | | | | 117,534,000 | | | | | | 78,356,000 | | | | | | 195,890,000 | | | | | | 156,712,000 | | | |||||
Goldman, Sachs & Co.
|
| | | | 78,356,000 | | | | | | 117,534,000 | | | | | | 78,356,000 | | | | | | 195,890,000 | | | | | | 156,712,000 | | | |||||
Morgan Stanley & Co. LLC
|
| | | | 78,356,000 | | | | | | 117,534,000 | | | | | | 78,356,000 | | | | | | 195,890,000 | | | | | | 156,712,000 | | | |||||
HSBC Securities (USA)
Inc. |
| | | | 25,074,000 | | | | | | 37,611,000 | | | | | | 25,074,000 | | | | | | 62,685,000 | | | | | | 50,148,000 | | | |||||
Mitsubishi UFJ Securities (USA), Inc.
|
| | | | 20,000,000 | | | | | | 30,000,000 | | | | | | 20,000,000 | | | | | | 50,000,000 | | | | | | 40,000,000 | | | |||||
Standard Chartered Bank
|
| | | | 20,000,000 | | | | | | 30,000,000 | | | | | | 20,000,000 | | | | | | 50,000,000 | | | | | | 40,000,000 | | | |||||
PNC Capital Markets
LLC |
| | | | 10,000,000 | | | | | | 15,000,000 | | | | | | 10,000,000 | | | | | | 25,000,000 | | | | | | 20,000,000 | | | |||||
U.S. Bancorp Investments, Inc.
|
| | | | 10,000,000 | | | | | | 15,000,000 | | | | | | 10,000,000 | | | | | | 25,000,000 | | | | | | 20,000,000 | | | |||||
Total
|
| | | $ | 1,000,000,000 | | | | | $ | 1,500,000,000 | | | | | $ | 1,000,000,000 | | | | | $ | 2,500,000,000 | | | | | $ | 2,000,000,000 | | | |||||
|
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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) | | |