LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2013

LONG-TERM DEBT

Schedule of long-term debt

At December 31, 2013 and 2012, long-term debt consisted of the following (in millions):

	As of December 31,
	2013			2012
Term Loans:
5.79%, payable through 2020	$	45.5		$	52.5
3.66%, payable through 2023	77.5			77.5
4.16%, payable through 2027	55.0			55.0
4.31%, payable through 2032	37.5			37.5
Title XI Bonds:
5.34%, payable through 2028	33.0			35.2
5.27%, payable through 2029	35.2			37.4
Revolving Credit Borrowings (1.69% for 2012)	—			24.0
Capital leases	2.4			—
	286.1			319.1
Less current portion	(12.5		)	(16.4		)
Total long-term debt	$	273.6		$	302.7

Schedule of maturities of long-term debt

At December 31, 2013, debt maturities during the next five years and thereafter are as follows (in millions):

2014	$	12.5
2015	21.7
2016	20.6
2017	28.2
2018	28.2
Thereafter	174.9
Total	$	286.1