- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References+ Details

Debt (Details) In Millions, unless otherwise specified	6 Months Ended			6 Months Ended
Debt (Details) In Millions, unless otherwise specified	Jun. 28, 2014 Mueller Europe Limited [Member] USD ($)	Mar. 21, 2014 Mueller Europe Limited [Member] USD ($)	Mar. 21, 2014 Mueller Europe Limited [Member] GBP (£)	Jun. 28, 2014 Revolving Credit Facility [Member]	May 29, 2014 Revolving Credit Facility [Member] USD ($)	Mar. 29, 2014 Revolving Credit Facility [Member] USD ($)	May 29, 2014 Term Loan [Member] USD ($)
Line of Credit Facility [Line Items]
Maturity Date				Dec. 11, 2017
Line of credit facility maximum borrowing capacity		$ 65.9	£ 40.0		$ 200.0	$ 350.0	$ 200.0
Initial term of the Invoice Facility	2 years
Borrowings outstanding	$ 23.1
Debt instrument variable rate basis	bear interest at the latest base-lending rate published by HSBC plus 155 basis points
Basis spread on variable rate (in hundredths)	1.55%
Debt, stated interest rate (in hundredths)	2.05%