United Parcel Service, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2015

The carrying value of our outstanding debt as of March 31, 2015 and December 31, 2014 consists of the following (in millions):



	Principal Amount			Carrying Value
	Principal Amount		Maturity	2015			2014
Commercial paper	$	3,121	2015	$	3,121		$	772
Fixed-rate senior notes:
1.125% senior notes	375		2017	372			370
5.50% senior notes	750		2018	803			802
5.125% senior notes	1,000		2019	1,083			1,076
3.125% senior notes	1,500		2021	1,636			1,617
2.45% senior notes	1,000		2022	997			977
6.20% senior notes	1,500		2038	1,481			1,481
4.875% senior notes	500		2040	489			489
3.625% senior notes	375		2042	367			367
8.375% Debentures:
8.375% debentures	424		2020	484			480
8.375% debentures	276		2030	283			283
Pound Sterling notes:
5.50% notes	98		2031	95			99
5.125% notes	673		2050	642			673
Floating rate senior notes	463		2049-2064	459			459
Capital lease obligations	460		2015-3005	460			505
Facility notes and bonds	320		2015-2036	320			320
Other debt	12		2015-2022	12			17
Total Debt	$	12,847		13,104			10,787
Less: Current Maturities				(3,163		)	(923		)
Long-term Debt				$	9,941		$	9,864

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details