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Debt

3 Months Ended

Mar. 31, 2012

Debt

Note 5 — Debt

(In millions)		March 31, 2012			December 31, 2011
Working capital line of credit — China		$	5.5		$	4.8
Current maturities of capital lease and other obligations		0.2			0.3
Current maturities of term loan		8.8			7.5
Notes payable and current maturities of long-term liabilities		14.5			12.6

Senior secured credit facility — term loan due 2015		82.5			85.0
Senior secured credit facility — revolving loan due 2015		137.0			78.0
6.75% senior subordinated notes due 2015		73.5			73.5
Capital lease and other obligations		1.8			1.8
Long-term notes payable and capital lease obligations		294.8			238.3
Total notes payable and capital lease obligations		$	309.3		$	250.9

Estimated Fair Values of Notes Payable

The approximate, aggregate fair value of our notes payable as of March 31, 2012 and December 31, 2011 were as follows:

(In millions)		March 31, 2011			December 31, 2011
6.75% senior subordinated notes, due 2015		$	74		$	74
Senior secured credit facility — term loan due 2015		91			93

The fair values of the notes payable were estimated on the basis of quoted market prices. Due to low trading activity, they are Level 2 in the fair value hierarchy.

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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