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Financing Agreements (Tables)
12 Months Ended
Dec. 31, 2012
Long-Term Debt

Long-term debt at December 31

 

    2012     2011  
Senior Notes, 6.50%, due 2019   $ 400     $ 400  
Senior Notes, 6.75%, due 2021     350       350  
Other indebtedness     109       105  
Total     859       855  
Less: current maturities     56       24  
Total long-term debt   $ 803     $ 831  
Scheduled Principal Payments on Long-Term Debt

Scheduled principal payments on long-term debt as of December 31, 2012

 

    2013     2014     2015     2016     2017     Thereafter     Total  
Debt maturities   $ 56     $ 36     $ 3     $ 4     $ 2     $ 758     $ 859  
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 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 revolving credit agreement) plus a margin based on the undrawn amounts available under the agreement 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 %