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Financing Activities
Net cash used in financing activities was $1.0 billion for 2013 as compared to net cash provided by financing
activities of $819 million for 2012 and net cash used in financing activities of $106 million for 2011. Net cash used
in financing activities for 2013 consisted of $842 million used to repurchase shares of our common stock, $181 mil-
lion used to pay dividends on our common stock and $230 million used to repay long-term debt, offset by a net $205
million provided by employee stock plans. Net cash provided by financing activities for 2012 consisted of the $2.8
billion of proceeds borrowed under the Credit Facility in connection with the Acquisition, net of issuance costs, and a
net $141 million provided by employee stock plans, offset by $604 million used to repurchase stock and $1.5 billion
used to repay our outstanding debt as well as debt assumed in the Acquisition. Net cash used in financing activities
for 2011 consisted of $106 million used to repay long-term debt and $50 million used to repurchase shares of our
common stock, offset by a net $50 million related to employee stock plans.
Off-Balance Sheet Arrangements
Other than facility lease commitments incurred in the normal course of business and certain indemnification
provisions (see "Contractual Obligations and Commitments" below), we do not have any off-balance sheet financing
arrangements or liabilities, guarantee contracts, retained or contingent interests in transferred assets, or any obligation
arising out of a material variable interest in an unconsolidated entity. We do not have any majority-owned sub-
sidiaries that are not included in the consolidated financial statements. Additionally, we do not have an interest in, or
relationships with, any special-purpose entities.
Contractual Obligations and Commitments
The following is a summary of our known contractual cash obligations and commercial commitments as of
June 28, 2013 (in millions):
Total
Less than
1 Year
1-3 Years
3-5 Years
More than
5 Years
Long-term debt, including current
portion* . . . . . . . . . . . . . . . . . . . . .
$1,980
$ 230
$460
$1,290
$--
Operating leases . . . . . . . . . . . . . . . . .
170
40
58
26
46
Unrecognized tax benefits* . . . . . . . .
208
--
56
124
28
Purchase obligations . . . . . . . . . . . . .
5,302
5,290
10
1
1
Total . . . . . . . . . . . . . . . . . . . . . . .
$7,660
$5,560
$584
$1,441
$75
* Included within our consolidated balance sheet
Long-Term Debt
On March 8, 2012, in connection with the Acquisition, WDI and WDT (collectively, the "Borrowers") entered
into the Credit Facility that provides for $2.8 billion of unsecured loan facilities, consisting of a $2.3 billion term loan
facility and a $500 million revolving credit facility. In addition, the Borrowers may elect to expand the Credit Facility
by up to an additional $500 million if existing or new lenders provide additional term or revolving commitments. As
of June 28, 2013, the outstanding balance of the term loan facility was $2.0 billion. We are required to make princi-
pal payments on the term loan facility totaling $230 million a year for fiscal 2014 through fiscal 2016, and the
remaining $1.3 billion balance (subject to adjustment to reflect prepayments or an increase to its term loan facility)
due and payable in full in fiscal 2017 on March 8, 2017. As of June 28, 2013, $500 million was available for future
borrowings on the revolving credit facility. See Part II, Item 8, Note 3 in the Notes to Consolidated Financial State-
ments included in this Annual Report on Form 10-K.
The Credit Facility requires us to comply with a leverage ratio and an interest coverage ratio calculated on a
consolidated basis for us and our subsidiaries. In addition, the Credit Facility contains customary covenants, including
covenants that limit or restrict, subject to certain exceptions, our ability to incur liens, incur indebtedness, make cer-
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