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)

6 Months Ended

Jun. 30, 2014

The carrying value of our outstanding debt as of June 30, 2014 and December 31, 2013 consists of the following (in millions):



	Principal Amount			Carrying Value
	Principal Amount		Maturity	2014			2013
Commercial paper	$	1,860	2014	$	1,860		$	—
Fixed-rate senior notes:
3.875% senior notes	—		2014	—			1,007
1.125% senior notes	375		2017	370			367
5.50% senior notes	750		2018	817			821
5.125% senior notes	1,000		2019	1,085			1,079
3.125% senior notes	1,500		2021	1,613			1,579
2.45% senior notes	1,000		2022	955			913
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	483			479
8.375% debentures	276		2030	283			283
Pound Sterling notes:
5.50% notes	113		2031	109			105
5.125% notes	775		2050	738			714
Floating rate senior notes	372		2049-2053	369			370
Capital lease obligations	486		2014-3004	486			473
Facility notes and bonds	320		2015-2036	320			320
Other debt	17		2014-2022	17			25
Total Debt	$	11,643		11,842			10,872
Less: Current Maturities				(1,902		)	(48		)
Long-term Debt				$	9,940		$	10,824

- 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