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As of Feb. 28, 2016 $CAG said it had no amounts outstanding under its commercial paper program. The highest level of borrowings under the program during the first three quarters of FY16 was $401.3MM, partly attributable to the use of commercial paper borrowings to fund the payment of the $250MM of 1.35% senior debt that came due in Sept. 2015.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.