FINANCIAL CHARGES AND OTHER

12 Months Ended

Dec. 31, 2011

FINANCIAL CHARGES AND OTHER

FINANCIAL CHARGES AND OTHER

NOTE 8    FINANCIAL CHARGES AND OTHER

Year ended December 31 (millions of dollars)	2011		2010		2009
Interest expense on long-term debt	13.9		8.4		12.5
Interest expense on short-term debt(a)	–		–		2.1
Capitalized interest(a)	–		(0.2	)	(0.4	)
Loss on interest rate swaps and options	13.6		16.5		15.1
Interest income(a)	(1.5	)	–		(0.4	)
Amortization of debt issue costs	2.0		0.5		0.4
Other	–		0.4		–
	28.0		25.6		29.3

^(a)

Recast as discussed in Notes 2 and 5.