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Debt (Tables)
6 Months Ended
Jun. 30, 2012
Debt Instruments [Abstract]  
Long-Term Debt
(In millions)
June 30,
2012
 
December 31,
2011
Revolving credit facilities
$
375.0

 
$
100.0

Commercial paper (1)
732.3

 
480.1

Term loan
26.7

 
29.2

Property financing
7.3

 
7.3

Total long-term debt
1,141.3

 
616.6

Less: current portion
(27.2
)
 
(580.6
)
Long-term debt, less current portion
$
1,114.1

 
$
36.0

 _______________________  
(1)
At December 31, 2011, debt outstanding from our $600.0 million five-year revolving credit facility and outstanding commercial paper were classified as short-term due to the credit facility’s maturity in December 2012. At June 30, 2012, committed credit available under our new credit agreement 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 June 30, 2012. Our commercial paper borrowings as of June 30, 2012, had a weighted average interest rate of 0.40%.