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DEBT

3 Months Ended

Mar. 31, 2015

4.DEBT

At March 31, 2015 and December 31, 2014, the Company’s debt consisted of the following (in millions):

	March 31			December 31
	2015			2014
Term Loans:
5.79%, payable through 2020	$	38.5		$	38.5
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
4.35%, payable through 2044	100.0			100.0
Title XI Bonds:
5.34%, payable through 2028	29.7			30.8
5.27%, payable through 2029	31.9			33.0
Capital leases	1.1			1.3
Total Debt	371.2			373.6
Less current portion	(21.6		)	(21.6		)
Total Long-term Debt	$	349.6		$	352.0

The Company’s Debt is described in Note 7 to the consolidated financial statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2014.

- Definition

The entire disclosure for information 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, own-share lending arrangements 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.

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