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SCHEDULE II
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
Aflac Incorporated (Parent Only)
Notes to Condensed Financial Statements
The accompanying condensed financial statements should be read in conjunction with the consolidated financial
statements and notes thereto of Aflac Incorporated and Subsidiaries included in Part II, Item 8 of this report.
176
(A) Notes Payable
A summary of notes payable as of December 31 follows:
(In millions)
2016
2015
2.65% senior notes due February 2017
$ 649
$ 651
2.40% senior notes due March 2020
547
546
4.00% senior notes due February 2022
348
348
3.625% senior notes due June 2023
696
696
3.625% senior notes due November 2024
745
744
3.25% senior notes due March 2025
445
445
2.875% senior notes due October 2026
298
0
6.90% senior notes due December 2039
220
393
6.45% senior notes due August 2040
254
445
4.00% senior notes due October 2046
394
0
5.50% subordinated debentures due September 2052
486
486
Yen-denominated Uridashi notes:
2.26% notes paid September 2016 (principal amount 10 billion yen)
0
83
Yen-denominated Samurai notes:
1.84% notes paid July 2016 (principal amount 15.8 billion yen)
0
131
Yen-denominated loans:
Variable interest rate loan due September 2021 (.31% in 2016, principal amount 5.0
billion yen)
43
0
Variable interest rate loan due September 2023 (.46% in 2016, principal amount 25.0
billion yen)
214
0
Total notes payable
$5,339
$4,968
Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.
Amounts in the table above are reported net of debt issuance costs and issuance premiums or discounts, if applicable, that are being
amortized over the life of the notes.
During 2009, Aflac Japan bought on the open market 2.0 billion yen of yen-denominated Uridashi notes issued by the
Parent Company. These notes were redeemed in September 2016. In consolidation, those notes were extinguished;
however, they remained an outstanding liability for the Parent Company until their maturity date.
The aggregate contractual maturities of notes payable during each of the years after December 31, 2016, are as
follows:
(In millions)
2017
$ 650
2018
0
2019
0
2020
550
2021
43
Thereafter
4,145
Total
$ 5,388