Analysis of Debt

Diageo PLC, balance sheet: debt

US$ in millions, translated from GBP £

	Jun 30, 2014	Jun 30, 2013	Jun 30, 2012	Jun 30, 2011	Jun 30, 2010	Jun 30, 2009
Borrowings due within one year and bank overdrafts	2,662)	3,079)	2,000)	2,248)	903)	1,439)
Borrowings due after one year	12,900)	13,644)	12,033)	10,485)	12,586)	12,425)
Total borrowings and bank overdrafts (carrying amount)	15,562)	16,724)	14,033)	12,733)	13,489)	13,864)

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Debt item	Description	The company
Total borrowings and bank overdrafts (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Diageo PLC total debt increased from 2012 to 2013 but then slightly decreased from 2013 to 2014.

	Jun 30, 2014
Selected Financial Data (US$ in millions, translated from GBP £)
Total borrowings and bank overdrafts (fair value)	16,318)
Financial Ratio
Debt, fair value to carrying amount ratio	1.05

Effective interest rate: 3.80%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.80%	9,174)	349)
Total	9,174)	349)
3.80%

¹ GBP £ in millions

² Weighted-average interest rate = 100 × 349 ÷ 9,174 = 3.80%

Diageo PLC (NYSE:DEO)