2.2.0.25truefalse10501 - Disclosure - Debttruefalsefalse1falsefalseUSDfalsefalse8/1/2010 - 10/31/2010 USD ($) USD ($) / shares $Duration_8_1_2010_To_10_31_2010http://www.sec.gov/CIK0000922358duration2010-08-01T00:00:002010-10-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit13Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2false0us-gaap_DebtDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="font-family: Times New Roman;"> E.              Debt   Short-term borrowings   Ferrellgas classified a portion of its credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of October 31, 2010 and July 31, 2010, $90.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.   Long-term debt   Long-term debt consists of the following:    </div> <div style="font-family: Times New Roman;"> <table style="width: 96.66%; border-collapse: collapse; margin-left: 0.25in;" border="0" cellspacing="0" cellpadding="0" width="96%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> October 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> July 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2010</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2010</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Senior notes</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Fixed rate, 6.75% due 2014, net of unamortized discount of $20,781 and $21,974 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="11%"> 429,219</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="11%"> 428,026</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,774 and $3,870 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 296,226</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 296,130</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Fixed rate, 8.625%, due 2020</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 280,000</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 280,000</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Secured credit facility, variable interest rate, expiring 2012 (net of $90.5 million and $67.2 million classified as short-term borrowings at October 31, 2010 and July 31, 2010, respectively)</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 109,818</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 99,797</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Notes payable, 9.4% and 9.5% weighted average interest rate at October 31, 2010 and July 31, 2010, respectively, due 2011 to 2016, net of unamortized discount of $2,863 and $2,876 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 9,282</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 9,475</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 1,124,545</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 1,113,428</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Less: current portion, included in other current liabilities on the condensed consolidated balance sheets</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2,641</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2,340</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Long-term debt</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="11%"> 1,121,904</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="11%"> 1,111,088</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr></table>   Senior notes   See Note K — Subsequent events for discussion of a new long term debt issuance.   Secured credit facility   Ferrellgas' secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.   The credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments.   As of October 31, 2010, Ferrellgas had total borrowings outstanding under its credit facility of $200.3 million, of which $109.8 million was classified as long-term debt. As of July 31, 2010, Ferrellgas had total borrowings outstanding under its credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.   Borrowings under the credit facility had a weighted average interest rate of 4.31% at October 31, 2010. All borrowings under the credit facility bear interest, at Ferrellgas' option, at a rate equal to either:   ·            for Base Rate Loans or Swing Line Loans, the Base Rate, which is defined as the higher of i) the federal funds rate plus 0.50%, ii) Bank of America's prime rate; or iii) the Eurodollar Rate plus 1%; plus a margin varying from 2.50% to 3.25% (as of October 31, 2010, the margin was 2.75%); or   ·            for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of October 31, 2010, the margin was 3.75%).   As of October 31, 2010, the federal funds rate and Bank of America's prime rate were 0.20% and 3.25%, respectively. As of October 31, 2010, the one-month and three-month Eurodollar Rates were 0.33% and 0.40%, respectively.    </div> <div style="font-family: Times New Roman;"> In addition, an annual commitment fee is payable at a per annum rate of 0.50% times the actual daily amount by which the facility exceeds the sum of (i) the outstanding amount of revolving credit loans and (ii) the outstanding amount of letter of credit obligations.   The obligations under this credit facility are secured by substantially all assets of the operating partnership, the general partner and certain subsidiaries of the operating partnership but specifically excluding (a) assets that are subject to the operating partnership's accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of the operating partnership.   Letters of credit outstanding at October 31, 2010 totaled $49.9 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At October 31, 2010, Ferrellgas had available letter of credit remaining capacity of $149.8 million. At July 31, 2010, Ferrellgas had available letter of credit remaining capacity of $152.9 million.   The scheduled annual principal payments on long-term debt are as follows:   <table style="width: 80%; border-collapse: collapse; margin-left: 0.75in;" border="0" cellspacing="0" cellpadding="0" width="80%"> <tr><td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="78%"> For the year ended July 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17%" colspan="2"> Scheduled annual principal payments</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2011</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 16.2%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="16%"> 31,405</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> 2012</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="17%" colspan="2"> 2,394</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2013</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="17%" colspan="2"> 32,101</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> 2014</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="17%" colspan="2"> 1,747</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2015</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="17%" colspan="2"> 1,760</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> Thereafter</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 17.5%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="17%" colspan="2"> 1,082,556</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> Total</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.12%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 16.2%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="16%"> 1,151,963</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.26%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr></table>   See Note K — Subsequent events for discussion about the effect of equity and debt issuances and senior note and credit facility repayments after October 31, 2010 on scheduled annual principal payments.</div> </div>falsefalsefalsefalsefalseOtherus-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 falsefalseDebt3false0natruenanaNo definition available.falsetruefalsefalsefalsefalsefalsefalsefalsefalsehttp://www.ferrellgas.com/role/disclosuredebt1falsefalsefalse00falsefalsefalsefalsefalse2falsefalseUSDtruefalse{dei_LegalEntityAxis} : FERRELLGAS, L.P. AND SUBSIDIARIES [Member] 8/1/2010 - 10/31/2010 USD ($) $Duration_8_1_2010_To_10_31_201042http://www.sec.gov/CIK0000922358duration2010-08-01T00:00:002010-10-31T00:00:00falsefalseFERRELLGAS, L.P. AND SUBSIDIARIES [Member]dei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldifgp_FerrellgasLPAndSubsidiariesMemberdei_LegalEntityAxisexplicitMemberUnit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$OthernaNo definition available.No authoritative reference available.falsefalseFERRELLGAS, L.P. AND SUBSIDIARIES [Member]4false0us-gaap_DebtDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel1falsefalsefalse00<div> <div style="font-family: Times New Roman;"> E.              Debt   Short-term borrowings   Ferrellgas, L.P. classified a portion of its credit facility borrowings as short-term because it was used to fund working capital needs that management had intended to pay down within the 12 month period following each balance sheet date. As of October 31, 2010 and July 31, 2010, $90.5 million and $67.2 million, respectively, were classified as short-term borrowings. For further discussion see the secured credit facility section below.    </div> <div style="font-family: Times New Roman;"> Long-term debt   Long-term debt consists of the following:   <table style="width: 96.66%; border-collapse: collapse; margin-left: 0.25in;" border="0" cellspacing="0" cellpadding="0" width="96%"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> October 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> July 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2010</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 2010</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Senior notes</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Fixed rate, 6.75% due 2014, net of unamortized discount of $20,781 and $21,974 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="11%"> 429,219</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="11%"> 428,026</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Fixed rate, 9.125%, due 2017, net of unamortized discount of $3,774 and $3,870 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 296,226</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 296,130</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Secured credit facility, variable interest rate, expiring 2012 (net of $90.5 million and $67.2 million classified as short-term borrowings at October 31, 2010 and July 31, 2010, respectively)</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 109,818</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 99,797</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="12%" colspan="2">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Notes payable, 9.4% and 9.5% weighted average interest rate at October 31, 2010 and July 31, 2010, respectively, due 2011 to 2016, net of unamortized discount of $2,863 and $2,876 at October 31, 2010 and July 31, 2010, respectively</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 9,282</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 9,475</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 844,545</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="12%" colspan="2"> 833,428</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="68%"> Less: current portion, included in other current liabilities on the condensed consolidated balance sheets</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 2,641</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 12.42%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="12%" colspan="2"> 2,340</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 68.96%; padding-right: 0in; padding-top: 0in;" valign="top" width="68%"> Long-term debt</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="11%"> 841,904</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 2.58%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="2%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 11.12%; padding-right: 0in; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" valign="bottom" width="11%"> 831,088</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.04%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr></table>   Senior notes   See Note J — Subsequent events for discussion of a new long term debt issuance.   Secured credit facility   Ferrellgas, L.P.'s secured credit facility provides $400.0 million in revolving credit for loans and has a $200.0 million sublimit for letters of credit. This credit facility matures in November 2012.   The credit facility contains various affirmative and negative covenants and default provisions, as well as requirements with respect to the maintenance of specified financial ratios and limitations on the making of loans and investments.   As of October 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its credit facility of $200.3 million, of which $109.8 million was classified as long-term debt. As of July 31, 2010, Ferrellgas, L.P. had total borrowings outstanding under its credit facility of $167.0 million, of which $99.8 million was classified as long-term debt.   Borrowings under the credit facility had a weighted average interest rate of 4.31% at October 31, 2010. All borrowings under the credit facility bear interest, at Ferrellgas, L.P.'s option, at a rate equal to either:   ·            for Base Rate Loans or Swing Line Loans, the Base Rate, which is defined as the higher of i) the federal funds rate plus 0.50%, ii) Bank of America's prime rate; or iii) the Eurodollar Rate plus 1%; plus a margin varying from 2.50% to 3.25% (as of October 31, 2010, the margin was 2.75%); or ·            for Eurodollar Rate Loans, the Eurodollar Rate, which is defined as the LIBOR Rate plus a margin varying from 3.50% to 4.25% (as of October 31, 2010, the margin was 3.75%).    </div> <div style="font-family: Times New Roman;"> As of October 31, 2010, the federal funds rate and Bank of America's prime rate were 0.20% and 3.25%, respectively. As of October 31, 2010, the one-month and three-month Eurodollar Rates were 0.33% and 0.40%, respectively.   In addition, an annual commitment fee is payable at a per annum rate of 0.50% times the actual daily amount by which the facility exceeds the sum of (i) the outstanding amount of revolving credit loans and (ii) the outstanding amount of letter of credit obligations.   The obligations under this credit facility are secured by substantially all assets of Ferrellgas, L.P., the general partner and certain subsidiaries of Ferrellgas, L.P. but specifically excluding (a) assets that are subject to Ferrellgas, L.P.'s accounts receivable securitization facility, (b) the general partner's equity interest in Ferrellgas Partners and (c) equity interest in certain unrestricted subsidiaries. Such obligations are also guaranteed by the general partner and certain subsidiaries of Ferrellgas, L.P.   Letters of credit outstanding at October 31, 2010 totaled $49.9 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. Letters of credit outstanding at July 31, 2010 totaled $47.1 million and were used primarily to secure insurance arrangements and to a lesser extent, product purchases. At October 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $149.8 million. At July 31, 2010, Ferrellgas, L.P. had available letter of credit remaining capacity of $152.9 million.   The scheduled annual principal payments on long-term debt are as follows:   <table style="width: 73.34%; border-collapse: collapse; margin-left: 1in;" border="0" cellspacing="0" cellpadding="0" width="73%"> <tr><td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="78%"> For the year ended July 31,</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16%" colspan="2"> Scheduled annual principal payments</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2011</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 15.06%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="15%"> 31,405</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> 2012</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="16%" colspan="2"> 2,394</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2013</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="16%" colspan="2"> 32,101</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> 2014</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="16%" colspan="2"> 1,747</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> 2015</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="16%" colspan="2"> 1,760</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; padding-top: 0in;" valign="top" width="78%"> Thereafter</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 1pt solid; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 16.36%; padding-right: 0in; border-top: medium none; border-right: medium none; padding-top: 0in;" valign="bottom" width="16%" colspan="2"> 802,556</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; padding-top: 0in;" valign="bottom" width="1%">  </td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 78.88%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="top" width="78%"> Total</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 3.4%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="3%">  </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 1.3%; padding-right: 0in; background: #cceeff; border-top: medium none; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%"> $</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0in; padding-left: 0in; width: 15.06%; padding-right: 0in; background: #cceeff; border-top: windowtext 1pt solid; border-right: medium none; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="15%"> 871,963</td> <td style="padding-bottom: 0in; padding-left: 0in; width: 1.36%; padding-right: 0in; background: #cceeff; padding-top: 0in;" bgcolor="#cceeff" valign="bottom" width="1%">  </td></tr></table>   See Note J — Subsequent events for discussion about the effect of equity and debt issuances and senior note and credit facility repayments after October 31, 2010 on scheduled annual principal payments.</div> </div>falsefalsefalsefalsefalseOtherus-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 falsefalseDebt13DebtUnKnownUnKnownUnKnownUnKnownfalsetrue