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Debt
6 Months Ended
Jun. 30, 2011
Debt [Abstract]  
Debt
Note 5. Debt
     On May 26, 2011, Cooper entered into a credit agreement that provides a $500 million five-year committed bank credit facility that replaces Cooper’s previous credit facility that was to mature in August 2012. The agreement for the credit facility requires that Cooper maintain a prescribed limit on debt as a percentage of total capitalization. Retained earnings are unrestricted as to the payment of dividends, except to the extent that payment would cause a violation of the prescribed limit on the debt-to-total capitalization ratio. The credit agreement is not subject to termination based upon a decrease in Cooper’s debt ratings or a material adverse change. At June 30, 2011, Cooper has $500 million available under this credit facility.
     At June 30, 2011, Cooper has $15.8 million of short-term debt and has no commercial paper borrowings outstanding.