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DEBT (Tables)
6 Months Ended
Jun. 30, 2012
DEBT  
Components of long-term debt

 

 

(Dollars in millions)

 

June 30,
2012

 

December 31,
2011

 

Principal Value:

 

 

 

 

 

3.50% Notes due 2014

 

$

500.0

 

$

500.0

 

4.90% Notes due 2019

 

700.0

 

700.0

 

5.90% Notes due 2039

 

300.0

 

300.0

 

Subtotal

 

1,500.0

 

1,500.0

 

Adjustments to Principal Value:

 

 

 

 

 

Unamortized basis adjustment for terminated interest rate swaps

 

30.6

 

35.3

 

Unamortized bond discount

 

(3.1

)

(3.4

)

Long-term debt

 

$

1,527.5

 

$

1,531.9

 

Components of interest expense-net

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(In millions)

 

2012

 

2011

 

2012

 

2011

 

Interest expense

 

$

18.8

 

$

14.5

 

$

35.0

 

$

28.9

 

Interest income

 

(1.2

)

(2.3

)

(2.9

)

(3.6

)

Interest expense-net

 

$

17.6

 

$

12.2

 

$

32.1

 

$

25.3