Long-Term Debt and Commitments

3 Months Ended

Apr. 01, 2012

Long-Term Debt and Commitments [Abstract]

Note 8. Long-Term Debt and Commitments

The following is a summary of long-term debt:

(millions of dollars)			April 1, 2012		December 31, 2011

5.53% Series 2006A Senior Notes
	Due October 5, 2013		$	50.0	$	50.0
Floating Rate Series 2006A Senior Notes
	Due October 5, 2013			25.0		25.0
Variable/Fixed Rate Industrial
	Development Revenue Bonds Due August 1, 2012			8.0		8.0
Variable/Fixed Rate Industrial
	Development Revenue Bonds Series 1999 Due November 1, 2014			8.2		8.2
Installment obligations				1.4		1.4
Other borrowings				1.4		1.4
		Total		94.0		94.0
Less: Current maturities				8.5		8.6
Long-term debt			$	85.5	$	85.4

As of April 1, 2012, the Company had $191 million of uncommitted short-term bank credit lines, of which approximately $5.5 million were in use.

- 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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