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Debt

3 Months Ended

Mar. 31, 2013

Long-term debt consisted of the following:



(In millions)	March 31, 2013			December 31, 2012
Revolving credit facility	$	—		$	100.0
Commercial paper (1)	821.8			669.8
2.00% Notes due 2017	299.4			299.3
3.45% Notes due 2022	499.6			499.6
Term loan	27.1			26.8
Property financing	16.2			16.7
Total long-term debt	1,664.1			1,612.2
Less: current portion	(32.1		)	(31.8		)
Long-term debt, less current portion	$	1,632.0		$	1,580.4

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(1)

At March 31, 2013, committed credit available under our revolving credit facility provided the ability to refinance our commercial paper obligations on a long-term basis. As we have both the ability and intent to refinance these obligations on a long-term basis, our commercial paper borrowings were classified as long-term in the condensed consolidated balance sheet at March 31, 2013. As of March 31, 2013, our commercial paper borrowings had a weighted average interest rate of 0.38%.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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