Long-Term Debt and Commitments

9 Months Ended

Sep. 30, 2012

Long-Term Debt and Commitments [Abstract]

The following is a summary of long-term debt:

(millions of dollars)			September 30, 2012		December 31, 2011

5.53% Series 2006A Senior Notes
	Due October 5, 2013		$	50.0	$	50.0
Floating Rate Series 2006A Senior Notes
	Due October 5, 2013			25.0		25.0
Variable/Fixed Rate Industrial
	Development Revenue Bonds Due August 1, 2012			---		8.0
Variable/Fixed Rate Industrial
	Development Revenue Bonds Series 1999 Due November 1, 2014			8.2		8.2
Installment obligations				1.4		1.4
Other Borrowings				1.1		1.4
		Total		85.7		94.0
Less: Current maturities				2.0		8.6
Long-term debt			$	83.7	$	85.4

As of September 30, 2012, the Company had $191 million of uncommitted short-term bank credit lines, of which approximately $5.1 million were in use.

In August 2012, the Company repaid $8.0 million for its Economic Development Authority Refunding Revenue Bonds. These bonds were issued in 1997 to refinance the bonds issued in connection with the construction of the company's PCC plant in Courtland, Alabama.

- 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.

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