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Debt

6 Months Ended

Dec. 31, 2011

Note 11. Debt

Components of long-term debt are as follows:


	December 31, 2011			June 30, 2011
	December 31, 2011			June 30, 2011

Industrial revenue bonds	$	21.6		$	21.6
Secured financing		14.4			15.4

		36.0			37.0
Less: current portion		(10.5	)		(2.8	)
	$	25.5		$	34.2

The fair value of the industrial revenue bonds and other debt, included above, approximates carrying value.

- 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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