On January 6, 2012, we amended our unsecured revolving bank credit facility (the “Revolving Facility”). The amendment provides for an increase in the amount of the Revolving Facility from $400 million to $480 million at more favorable pricing and extends the maturity date from July 2014 to January 2017. The Revolving Facility's interest rate is based on LIBOR plus a margin, alternate base rate plus a margin, or competitive bid. The Revolving Facility allows us to borrow or issue letters of credit (or otherwise satisfy credit needs) on a revolving basis over the term of the facility. As of December 31, 2011, $290 million was available under the Revolving Facility. Amounts outstanding under the Revolving Facility as of December 31, 2011, were denominated primarily in U.S. dollars and to a lesser extent in Canadian dollars.

The margin on LIBOR borrowings under the Revolving Facility, which ranged from 1.225% to 2.325% depending on our credit rating, was 1.75% at December 31, 2011. Under the amended Revolving Facility, the margin on LIBOR borrowings can range from 0.9% to 1.575% and was 1.20% at January 6, 2012. The margin on alternate base rate borrowings under the Revolving Facility ranged from 0.225% to 1.325%. Under the amended Revolving Facility, the alternate base rate borrowings can range from 0.0% to 0.575%. We also pay an annual facility fee on the Revolving Facility based on our credit rating. The facility fee, which ranged from 0.15% to 0.55%, was 0.375% at December 31, 2011. Under the amended Revolving Facility, the facility fee can range from 0.10% to 0.30% and was 0.175% at January 6, 2012.

On January 24, 2011, we issued $100 million in unsecured notes through a private placement debt transaction (the “Notes”). The Notes comprise $50 million in series A notes with a fixed interest rate of 4.57% and $50 million in series B notes with a fixed interest rate of 5.20%. The Notes are due in January 2021 with principal payments under the series A notes to begin in January 2015. The proceeds of $100 million were utilized to pay down the Revolving Facility.

As of December 31, 2011, we had three unsecured multi-currency revolving bank credit facilities with a total of $70 million in available credit, of which approximately $37 million was available. A $20 million facility expires in December 2012, another $20 million facility expires in May 2014 and a $30 million facility expires in October 2014. Interest on these facilities is based on LIBOR plus a margin. The margin ranges from 1.0% to 2.50%. We also have the ability to borrow from other banks, at the banks' discretion, under short-term uncommitted agreements. Various foreign subsidiaries maintain other lines of credit and overdraft facilities with a number of banks.

We have two unsecured letter of credit facilities totaling $139 million, of which approximately $25 million was available at December 31, 2011. A $54 million facility expires in December 2014 and an $85 million facility expires in June 2015. The Revolving Facility and the multi-currency revolving credit facilities are also used for issuance of letters of credit and bank guarantees. On January 24, 2012, we entered into a $25 million unsecured letter of credit facility that will expire in December 2014.

We also have an unsecured bilateral committed credit facility (the “2010 Credit Facility”) with a total of $20 million in available credit that expires in March 2012. Interest on this facility is based on LIBOR plus a margin, which ranges from 1.75% to 2.25%. As of December 31, 2011, $20 million was available under the 2010 Credit Facility.

The Revolving Facility, the Notes, the three unsecured multi-currency revolving bank credit facilities, the two letter of credit facilities and the 2010 Credit Facility contain subsidiary guarantees and various financial and other covenants. The financial covenants, among other things, limit our total indebtedness, limit priority debt, limit asset sales, limit the use of proceeds from asset sales and provide for minimum coverage of interest costs. The credit agreements do not provide for the acceleration of payments should our credit rating be reduced. If we were not to comply with the terms of our various credit agreements, the repayment terms could be accelerated and the commitments could be withdrawn. An acceleration of the repayment terms under one agreement could trigger the acceleration of the repayment terms under the other loan agreements. We were in compliance with all financial covenants at December 31, 2011.

We have $43 million of bonds issued by the Peninsula Ports Authority of Virginia recorded as debt on our balance sheet. Although we are not the primary obligor of the debt, we have guaranteed the debt and we believe that we will ultimately pay this obligation. The guarantee originated as part of a former interest in Dominion Terminal Associates, a deep water coal terminal. We continue to pay interest on the debt. The bonds bear a fixed interest rate of 6.0% and mature in 2033. The bonds may mature prior to 2033 upon the occurrence of specified events such as the determination that the bonds are taxable or if we fail to abide by the terms of the guarantee.

				December 31,
(In millions)				2011	2010

Bank credit facilities:
	Revolving Facility (year-end weighted average interest
		rate of 2.1% in 2011 and 2.1% in 2010)	$	110.0	217.2
	Private Placement Notes (Series A interest rate of 4.6%, Series B interest
		rate of 5.2%), due 2021		100.0	-
	Other non-U.S. dollar-denominated facilities (year-end weighted
		average interest rate of 6.9% in 2011 and 5.7% in 2010)		15.4	28.1
	Dominion Terminal Associates 6.0% bonds, due 2033			43.2	43.2
	Capital leases (average rates: 4.3% in 2011 and 4.3% in 2010)			95.4	64.2
		Total long-term debt	$	364.0	352.7

Included in:
	Current liabilities		$	28.7	29.0
	Noncurrent liabilities			335.3	323.7
		Total long-term debt	$	364.0	352.7

Minimum repayments of long-term debt are as follows:

	(In millions)		Capital leases	Other long-term debt	Total

	2012	$	21.6	7.1	28.7
	2013		18.3	2.5	20.8
	2014		16.7	97.7	114.4
	2015		14.9	7.9	22.8
	2016		13.7	7.9	21.6
	Later years		10.2	145.5	155.7
	Total	$	95.4	268.6	364.0

At December 31, 2011, we had undrawn letters of credit and guarantees totaling $140.2 million, including $114.2 million issued under the letter of credit facilities, $21.7 million issued under the multi-currency revolving bank credit facilities, and $4.3 million issued under other credit facilities. These letters of credit primarily support our obligations under various self-insurance programs and credit facilities.

Property and equipment acquired under capital leases are included in property and equipment as follows:

			December 31,
(In millions)			2011	2010

Asset class:
	Buildings	$	6.0	8.8
	Vehicles		89.9	54.8
	Machinery and equipment		37.3	25.3
			133.2	88.9
	Less: accumulated amortization		(30.0)	(21.7)
	Total	$	103.2	67.2