2.2.0.25falsefalse0209 - Disclosure - Debttruefalsefalse1falsefalseUSDfalsefalse7/1/2010 - 3/31/2011
USD ($)
USD ($) / shares
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<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>9. Debt</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Total debt consisted of the following (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Average</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2"> </td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">Interest</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">March 31,</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2">June 30,</td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Rate</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">Maturity</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2011</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2010</td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Long-term debt:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">U.S. Credit Facility
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">2.76</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2016</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">165,000</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">100,000</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unsecured bonds and term loans
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td nowrap="nowrap" align="right">0.77 - 1.31</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="right">2012 - 2013</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">36,347</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">81,431</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other debt
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.92</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td align="right">2013</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">1,202</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">2,003</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total long-term debt
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">202,549</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">183,434</td>
<td> </td>
</tr>
<tr>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Current portion of long-term debt and short-term borrowings:
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Unsecured bonds, term loans and short-term credit lines
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td nowrap="nowrap" align="right">0.77 - 2.48</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">111,870</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">104,359</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Other short-term borrowings, including capital leases
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">5.92</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">4,854</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">5,711</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px">Total current portion of long-term debt and short-term
borrowings
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">116,724</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">110,070</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total debt
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">319,273</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">293,504</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In June 2009, we entered into a $195.0 million unsecured, three-year revolving credit
facility in the United States, amended in January 2010 and September 2010, that was initially
scheduled to mature in June 2012 (the “U.S. Credit Facility”). In connection with the September
2010 amendment, we increased the credit line on the U.S. Credit Facility to $270.0 million. In
March 2011, we further amended the credit facility to increase the credit line to $350.0 million
and extend the term to March 2016. Borrowings under the U.S. Credit Facility bear interest at a
fluctuating interest rate (based on London InterBank Offered Rate) plus an applicable percentage
based on our consolidated leverage. The applicable percentage was 150 basis points as of March 31,
2011. The instrument governing the U.S. Credit Facility contains customary covenants regarding
liens, debt, substantial asset sales and mergers, dividends and investments. The U.S. Credit
Facility also requires us to maintain financial covenants pertaining to, among other things, our
consolidated leverage and fixed charge coverage. As of March 31, 2011, we were in compliance with
these covenants and had outstanding borrowings of $165.0 million. We obtained waiver letters from
the participating banks for any default of the U.S. Credit Facility arising from the unauthorized
activities in Japan.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In March 2011, Molex Japan renewed a ¥5.0 billion overdraft loan, with a six month term and an
interest rate of approximately 2.48%. At March 31, 2011, the balance of the overdraft loan, which
requires full repayment by the end of the term if not renewed, approximated $60.7 million.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In March 2010, Molex Japan entered into a ¥3.0 billion syndicated term loan for three years,
with interest rates equivalent to six month Tokyo Interbank Offered Rate (TIBOR) plus 75 basis
points and scheduled principal payments of ¥0.5 billion every six months. At March 31, 2011, the
balance of the syndicated term loan approximated $24.5 million, of which $12.3 million was current.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In September 2009, Molex Japan issued unsecured bonds totaling ¥10.0 billion with a term of
three years, an interest rate of approximately 1.65% and scheduled principal payments of ¥1.6
billion every six months. At March 31, 2011, the outstanding balance of the unsecured bonds
approximated $63.0 million, of which $38.9 million was current.
</div>
<!-- Folio -->
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</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 6pt">     Certain assets, including equipment, secure a portion of our long-term debt. Principal
payments on long-term debt obligations are due as follows (in thousands):
</div>
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="88%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">2012
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">594</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2013
</div></td>
<td> </td>
<td> </td>
<td align="right">36,923</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">2014
</div></td>
<td> </td>
<td> </td>
<td align="right">32</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">2015
</div></td>
<td> </td>
<td> </td>
<td align="right">—</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">2016
</div></td>
<td> </td>
<td> </td>
<td align="right">165,000</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:15px; text-indent:-15px">Total long-term debt obligations
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">202,549</td>
<td> </td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     We had available lines of credit totaling $282.3 million at March 31, 2011 expiring between
2011 and 2016.
</div>
</div>
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<!-- Begin Block Tagged Notefalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringInformation 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, 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 19, 20, 22
-Article 5
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 4
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