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GUARANTEES
6 Months Ended
Jun. 30, 2011
GUARANTEES  
GUARANTEES

NOTE 7—GUARANTEES

 

The following table shows our outstanding guarantees:

 

(Millions)

 

Total Amounts
Committed at
June 30, 2011

 

Less Than
1 Year

 

Over 1
Year

 

Standby letters of credit (1)

 

$

0.3

 

$

0.3

 

$

 

Other guarantee (2)

 

0.4

 

 

0.4

 

Total guarantees

 

$

0.7

 

$

0.3

 

$

0.4

 

 

 

(1)         At our request, financial institutions have issued standby letters of credit for the benefit of third parties that have extended credit to us.  These amounts are not reflected on our Balance Sheets.

 

(2)         Issued for workers compensation coverage in Michigan.  This amount is not reflected on our Balance Sheets.