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GIS » Topics » (13) Interest Expense, Net

This excerpt taken from the GIS 10-Q filed Dec 19, 2007.

(13) Interest Expense, Net

The components of interest, including distributions to minority interest holders, net were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Six-Month
Period Ended

 

 

 

  

 

  

 

Expense (income), in millions

 

Nov. 25,
2007

 

Nov. 26,
2006

 

Nov. 25,
2007

 

Nov. 26,
2006

 
                   

Interest expense

 

$

120.4

 

$

100.2

 

$

227.4

 

$

196.7

 

Distributions paid on preferred stock and interests of subsidiaries

 

 

3.0

 

 

15.9

 

 

16.2

 

 

31.7

 

Capitalized interest

 

 

(1.2

)

 

(0.5

)

 

(2.4

)

 

(1.1

)

Interest income

 

 

(6.3

)

 

(5.1

)

 

(12.0

)

 

(11.8

)
                           

Total

 

$

115.9

 

$

110.5

 

$

229.2

 

$

215.5

 
                           
This excerpt taken from the GIS 10-Q filed Jan 5, 2007.

(12)   Interest Expense, Net

The components of interest, including distributions to minority interest holders, net were as follows:

  Thirteen Weeks Ended
 Twenty-six Weeks Ended
In Millions Nov. 26,
2006		 Nov. 27,
2005		 Nov. 26,
2006		 Nov. 27,
2005
Interest expense     $ 100   $ 98   $ 196   $ 179  
Distributions paid on preferred stock and interests in  
    subsidiaries     16    15     32    29  
Capitalized interest     —    (1 )   (1 )  (1 )
Interest income     (6 )  (8 )   (12 )  (13 )
  Interest Expense, Net   $ 110   $ 104   $ 215   $ 194  

During the twenty-six weeks ended November 26, 2006, we entered into $600 million of pay-fixed, forward-starting interest rate swaps with an average fixed rate of 5.7 percent in anticipation of fixed-rate debt refinancing that we expect to occur later in fiscal 2007.

EXCERPTS ON THIS PAGE:

10-Q
Dec 19, 2007
10-Q
Jan 5, 2007

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