[an error occurred while processing this directive] P&G 2009 AR – Short-Term and Long-Term Debt: Interest, Note, Hedge
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Note 4: Short-term and Long-term Debt

June 30 2009 2008
Debt Due Within One Year    
Current portion of long-term debt $ 6,941 $ 1,746
Commercial paper 5,027 9,748
Floating rate notes 4,250 1,500
Other 102 90
Total 16,320 13,084

The weighted average short-term interest rates were 2.0% and 2.7% as of June 30, 2009 and 2008, respectively, including the effects of interest rate swaps discussed in Note 5.

June 30 2009 2008

(1) Debt issued by the ESOP is guaranteed by the Company and must be recorded as debt of the Company as discussed in Note 8.

Long-Term Debt  
Floating rate note due July 2009 $ 1,750 $ 1,750
Floating rate note due August 2009 1,500 1,500
6.88% USD note due September 2009 1,000 1,000
Floating rate note due March 2010 750
2% JPY note due June 2010 522 467
4.88% EUR note due October 2011 1,411 1,573
3.38% EUR note due December 2012 1,975 2,203
4.60% USD note due January 2014 2,000
4.50% EUR note due May 2014 2,116 2,360
4.95% USD note due August 2014 900 900
3.50% USD note due February 2015 750
4.85% USD note due December 2015 700 700
5.13% EUR note due October 2017 1,552 1,731
4.70% USD note due February 2019 1,250
4.13% EUR note due December 2020 846 944
9.36% ESOP debentures due 2009–2021(1) 896 934
4.88% EUR note due May 2027 1,411 1,573
6.25% GBP note due January 2030 832 993
5.50% USD note due February 2034 500 500
5.80% USD note due August 2034 600 600
5.55% USD note due March 2037 1,400 1,400
Capital lease obligations 392 407
All other long-term debt 2,540 3,792
Current portion of long-term debt (6,941) (1,746)
Total 20,652 23,581

Long-term weighted average interest rates were 4.9% and 4.5% as of June 30, 2009 and 2008, respectively, including the effects of interest rate swaps and net investment hedges discussed in Note 5.

The fair value of the long-term debt was $21,514 and $23,276 at June 30, 2009 and 2008, respectively. Long-term debt maturities during the next five years are as follows: 2010 — $6,941; 2011 — $47; 2012 — $1,474; 2013 — $2,013; and 2014 — $4,154.

The Procter & Gamble Company fully and unconditionally guarantees the registered debt and securities issued by its 100% owned finance subsidiaries.

Amounts in millions of dollars except per share amounts or as otherwise specified.

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