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Borrowings
6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
Borrowings
6. Borrowings

Borrowings consist of the following:
 
June 30, 2012
 
December 31, 2011
4.875% 10-year notes due October 15, 2015
$
299,342

 
$
299,244

5.45% 10-year notes due March 15, 2018
348,103

 
347,938

4.30% 10-year notes due March 1, 2021
449,774

 
449,761

6.60% 30-year notes due March 15, 2038
247,727

 
247,683

5.375% 30-year notes due March 1, 2041
345,432

 
345,352

6.65% 30-year debentures due June 1, 2028
199,431

 
199,414

5.375% 30-year debentures due October 15, 2035
296,287

 
296,208

Other
9,056

 
1,652

Total long-term debt
2,195,152

 
2,187,252

Less current installments
(3,402
)
 
(1,022
)
 
$
2,191,750

 
$
2,186,230



The Company maintains a $1 billion unsecured revolving credit facility which expires on November 10, 2016.  The Company primarily uses this facility as liquidity back-up for its commercial paper program and has not drawn down any loans under the $1 billion facility and does not anticipate doing so. The Company generally uses commercial paper borrowings for general corporate purposes, funding of acquisitions and the repurchases of its common stock.
 
Interest expense and interest income for the three and six months ended June 30, 2012 and 2011 were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Interest expense
$
31,478

 
$
31,080

 
$
63,123

 
$
62,116

Interest income
(1,761
)
 
(2,923
)
 
(3,379
)
 
(5,641
)
Interest expense, net
$
29,717

 
$
28,157

 
$
59,744

 
$
56,475