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Financing Agreements (Tables)
12 Months Ended
Dec. 31, 2011
Redemption Prices (Expressed as Percentages of Principal Amount), Plus Accrued and Unpaid Interest to Redemption Date

At any time on or after February 15, 2015, we may redeem some or all of the Senior Notes at the following redemption prices (expressed as percentages of principal amount), plus accrued and unpaid interest to the redemption date, if redeemed during the 12-month period commencing on February 15 of the years set forth below:

 

 

 

    Redemption Price
Year   2019 Notes   2021 Notes
2015     103.250 %        
2016     101.625 %     103.375 %
2017     100.000 %     102.250 %
2018     100.000 %     101.125 %
2019 and thereafter     100.000 %     100.000 %
Remaining Borrowing Availability and Base Rate or London Interbank Offered Rate (LIBOR)

The New Revolving Facility bears interest at a floating rate based on, at our option, the base rate or London Interbank Offered Rate (LIBOR) (each as described in the New Revolving Facility) plus a margin based on the undrawn amounts available under the New Revolving Facility as set forth below:

 

Remaining Borrowing Availability   Base Rate   LIBOR Rate
Greater than $350     1.50 %     2.50 %
Greater than $150 but less than or equal to $350     1.75 %     2.75 %
$150 or less     2.00 %     3.00 %
Long-Term Debt

Long-term debt at December 31

 

    2011   2010
    Carrying   Fair   Carrying   Fair
    Value   Value   Value   Value
 Senior Notes, 6.50%, due 2019   $ 400     $ 407     $ —       $ —    
 Senior Notes, 6.75%, due 2021     350       358                  
 Term Loan Facility, weighted average rate, 4.53%                     867       873  
 Less: original issue discount                     (39 )        
                      828       873  
 Other indebtedness     105       103       91       85  
 Total     855       868       919       958  
 Less: current maturities     24       24       139       139  
 Total long-term debt   $ 831     $ 844     $ 780     $ 819
Scheduled Principal Payments on Long-Term Debt

Scheduled principal payments on long-term debt as of December 31, 2011

 

    2012   2013   2014   2015   2016   Thereafter   Total
Debt maturities   $ 24     $ 60     $ 6     $ 2     $ 2     $ 761     $ 855