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Debt

6 Months Ended

Jun. 30, 2011

Debt

Note 7 — Debt

(In millions)		June 30, 2011			December 31, 2010
Working capital line of credit — China		$	3.8		$	7.1
Current maturities of capital lease and other obligations		0.5			0.5
Current maturities of term loan		5.0			5.0
Current maturities of 6.75% senior subordinated notes due 2015		—			15.0
Short-term borrowings and current maturities of long-term liabilities		9.3			27.6

Senior secured credit facility — term loan due 2015		90.0			92.5
Senior secured credit facility — revolving loan due 2015		75.0			—
6.75% senior subordinated notes due 2015		75.0			210.0
Capital lease and other obligations		2.1			2.1
Long-term debt		242.1			304.6
Total debt		$	251.4		$	332.2

Estimated Fair Values of Notes Payable

The approximate, aggregate fair values of our notes payable as of June 30, 2011 and December 31, 2010 were as follows:

(In millions)		June 30, 2011			December 31, 2010
6.75% senior subordinated notes, due 2015		$	77		$	226
Senior secured credit facility — term loan due 2015		95			98

The aggregate fair values of the notes payable were estimated on the basis of quoted market prices.

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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