text: Total interest incurred during 2004, 2003 and 2002 was $401 million, 
  $353 million and $345 million, respectively, of which $23 million, $15 million 
  and $62 million, respectively, was capitalized. 
  
  On November 24, 2003, the Company entered into the Third Amended and 
  Restated Loan Agreement providing for bank financing totaling $2.5 billion from 
  a syndicate of banks each led by Bank of America, N.A. (collectively, the “Senior 
  Credit Facility”). The Senior Credit Facility, as amended in 2004, consists entirely 
  of a senior revolving credit facility which matures on November 24, 2008. 
  
  Interest on the Senior Credit Facility is based on the bank reference rate or 
  Eurodollar rate. The Company’s borrowing rate on the Senior Credit Facility was 
  approximately 3.3% at December 31, 2004 and 2.8% at December 31, 2003. 
  Stand-by letters of credit totaling $51 million were outstanding as of December 31, 
  2004 under the Senior Credit Facility. 
  
  In November 2004, in anticipation of the Mandalay merger, the Company entered 
  into an amended and restated bank credit facility with a group of lenders led by 
  Bank of America, N.A. The revised bank credit facility will be effective upon the 
  closing of the Mandalay merger, will mature five years later, and will provide a total 
  of $7.0 billion of borrowing capacity, consisting of a $5.5 billion senior revolving 
  credit facility and $1.5 billion senior term loan facility. The remaining terms are 
  substantially similar to the Company’s existing bank credit facility. 