XML 113 R12.htm IDEA: XBRL DOCUMENT

Debt

6 Months Ended

Jun. 30, 2013

Debt

Our debt consisted of the following (in millions):


	June 30, 2013			December 31, 2012
Short-term debt
Senior Credit Facility	$	—		$	100.0
Other short-term debt		—			0.1

Total short-term debt	$	—		$	100.1

Long-term debt
Senior Notes due 2014	$	250.0		$	250.0
Senior Notes due 2019		500.0			500.0
Senior Notes due 2021		300.0			300.0
Senior Notes due 2039		500.0			500.0
Term Loan		119.9			138.6
Debt discount		(1.6	)		(1.7	)
Adjustment related to interest rate swaps		19.8			33.9

Total long-term debt	$	1,688.1		$	1,720.8

The estimated fair value of our Senior Notes as of June 30, 2013, based on quoted prices for the specific securities from transactions in over-the-counter markets (Level 2), was $1,654.6 million. The estimated fair value of the Term Loan as of June 30, 2013, based upon publicly available market yield curves and the terms of the debt (Level 2), was $119.9 million.

- 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.

+ References+ Details