|
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
|
| | | $ | 500,000,000 | | | | | | 99.706% | | | | | $ | 498,530,000 | | | | | $ | 57,779.63 | | |
|
Total
|
| | | $ | 500,000,000 | | | | | | 99.706% | | | | | $ | 498,530,000 | | | | | $ | 57,779.63 | | |
|
| | |
Per Note
|
| |
Total
|
|||||
Public offering price(1)
|
| | | | 99.706% | | | | | $ | 498,530,000 |
Underwriting discount
|
| | | | 0.250% | | | | | $ | 1,250,000 |
Proceeds, before expenses, to us(1)
|
| | | | 99.456% | | | | | $ | 497,280,000 |
| | |
Page
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As of June 30, 2017
|
| |||||||||
| | |
Actual
|
| |
Adjusted for
this Offering |
| ||||||
| | |
(unaudited)
(in millions, except per share amounts) |
| |||||||||
Cash, Cash Equivalents and Marketable Securities
|
| | | $ | 10,140 | | | | | $ | 10,636 | | |
Short-Term Debt: | | | | | | | | | | | | | |
Commercial Paper
|
| | | | — | | | | | | — | | |
Existing Senior Notes:
|
| | | ||||||||||
1.900% Senior Notes due 2017
|
| | | | 500 | | | | | | 500 | | |
Total Short-Term Debt
|
| | | | 500 | | | | | | 500 | | |
Long-Term Debt: | | | | ||||||||||
Revolving Credit Facility(1)
|
| | | | — | | | | | | — | | |
Existing Senior Notes:
|
| | | | | | | | | | | | |
2.125% Senior Notes due 2018
|
| | | | 999 | | | | | | 999 | | |
2.300% Senior Notes due 2018
|
| | | | 401 | | | | | | 401 | | |
2.250% Senior Notes due 2019
|
| | | | 507 | | | | | | 507 | | |
2.875% Senior Notes due 2020
|
| | | | 1,494 | | | | | | 1,494 | | |
3.950% Senior Notes due 2020
|
| | | | 516 | | | | | | 516 | | |
3.250% Senior Notes due 2022
|
| | | | 1,049 | | | | | | 1,049 | | |
3.550% Senior Notes due 2022
|
| | | | 994 | | | | | | 994 | | |
4.000% Senior Notes due 2023
|
| | | | 740 | | | | | | 740 | | |
3.625% Senior Notes due 2024
|
| | | | 1,001 | | | | | | 1,001 | | |
3.875% Senior Notes due 2025
|
| | | | 2,480 | | | | | | 2,480 | | |
5.700% Senior Notes due 2040
|
| | | | 247 | | | | | | 247 | | |
5.250% Senior Notes due 2043
|
| | | | 393 | | | | | | 393 | | |
4.625% Senior Notes due 2044
|
| | | | 987 | | | | | | 987 | | |
5.000% Senior Notes due 2045
|
| | | | 1,975 | | | | | | 1,975 | | |
Senior Notes offered hereby:
|
| | | | | | | | | | | | |
2.250% Senior Notes due 2021
|
| | | | — | | | | | | 497 | | |
Total Long-Term Debt
|
| | | $ | 13,783 | | | | | | 14,280 | | |
Equity: | | | | | | | | | | | | | |
Preferred stock, $.01 par value per share, 5.0 million shares authorized; none outstanding
|
| | | $ | — | | | | | $ | — | | |
Common stock, $.01 par value; 1,150.0 million shares authorized; 964.1 million issued
|
| | | | 10 | | | | | | 10 | | |
Additional paid-in capital
|
| | | | 13,174 | | | | | | 13,174 | | |
Common stock in treasury, at cost (182.0 million shares)
|
| | | | (17,069) | | | | | | (17,069) | | |
Retained earnings
|
| | | | 12,093 | | | | | | 12,093 | | |
Accumulated other comprehensive income
|
| | | | 237 | | | | | | 237 | | |
Total Equity
|
| | | $ | 8,445 | | | | | $ | 8,445 | | |
Total Capitalization
|
| | | $ | 22,728 | | | | | $ | 23,225 | | |
|
| | |
Year Ended
|
| |
Six Months
Ended June 30, 2017 |
| ||||||||||||||||||||||||||||||
| | |
December 31,
2012 |
| |
December 31,
2013 |
| |
December 31,
2014 |
| |
December 31,
2015 |
| |
December 31,
2016 |
| |||||||||||||||||||||
Ratio of earnings to fixed charges(1)
|
| | | | 25.7x | | | | | | 17.6x | | | | | | 13.4x | | | | | | 7.2x | | | | | | 5.5x | | | | | | 9.1x | | |
Underwriter
|
| |
Principal Amount
of Notes |
| |||
Morgan Stanley & Co. LLC
|
| | | $ | 500,000,000 | | |
Total
|
| | | $ | 500,000,000 | | |
|
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| | |
Nine Months
Ended September 30, 2016 |
| |
Years Ended
|
| ||||||||||||||||||||||||||||||
| | |
December 31,
2015 |
| |
December 31,
2014 |
| |
December 31,
2013 |
| |
December 31,
2012 |
| |
December 31,
2011 |
| |||||||||||||||||||||
Ratio of earnings to
fixed charges |
| | | | 5.8x | | | | | | 7.2x | | | | | | 13.4x | | | | | | 17.6x | | | | | | 25.7x | | | | | | 32.4x | | |