Access the March 23, 2017, filing of the 10-K report ofHome Depotfor the year ended January 29, 2017, from SEC.gov (ticker: HD). Refer to Home Depot's balance sheet, including its note4(on debt).

Identify Home Depot's long-term liabilities and the amounts for those liabilities from Home Depot's balance sheet at January 29, 2017.

Review Home Depot's note 4. The note reports that as ofJanuary 29, 2017,it had$2.947billion of "5.875% Senior Notes; due December 16, 2036; interest payable semiannually on June 16 and December 16." These notes have a face value of$3.0billion and were originally issued at$2.958billion.

1. Why would Home Depot issue$3.0billion of its notes for only$2.958billion?
2. How much cash interest must Home Depot pay each June 16 and December 16 on these notes?