Analyzing Liability and Debt Disclosures

In a recent $10-$K filing, Intel Corporation reported the following on its fiscal year $($FY$)$ balance sheets for years FY$2$ and FY$1.$

$ millionsFY$2$FY$1$Liabilities and stockholders$$ equityCurrent liabilities:Short$-$term debt$$4,367$$$4,591$Accounts payable$9,5955,747$Accrued compensation and benefits$4,0844,535$Income taxes payable$2,2511,076$Other accrued liabilities$11,85811,513$Total current liabilities$$32,155$$$27,462$Debt$$37,684$$$33,510$Long$-$term income taxes payable$3,7964,305$Deferred income taxes$2022,667$Other long$-$term liabilities$$4,980$$$5,071$Commitments and Contingencies$--$

Notes to the financial statements included the following.

Debt Maturities: Our aggregate debt maturities, excluding commercial paper, based on outstanding principal as of December $31,$ FY$2,$ are as follows $($$ millions$)$:

FY$3$FY$4$FY$5$FY$6$FY$7$Thereafter$$423$$$2,288$$$3,750$$$1,000$$$3,826$$$27,998$

Short$-$Term Debt As of December $31,$ FY$1,$ short$-$term debt was $$4\mathrm{.}4$ billion, composed of $$423$ million of the current portion of long$-$term debt and $$3\mathrm{.}9$ billion of commercial paper. The current portion of long$-$term debt includes debt classified as short term based on time remaining until maturity.

Required

a$.$ What total amount of short$-$term and long$-$term debt does the company report on its balance sheet for FY$2$ and FY$1?$

FY$2$FY$1$Total debtAnswer $1$

Answer $2$

b$.$ What does the company include in short$-$term debt in FY$2?$ Determine the amount $($in $$)$ of commercial paper.

$ millionsCommercial paperAnswer $3$