v2.4.0.6

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Long-Term Debt

Long-term obligations

		December 31,
(US$ in millions)		2011			2010
Term loans due 2011—LIBOR plus 1.25% to 1.75% (1)		$	—		$	475
Term loan due 2013—fixed interest rate of 3.32%			300			300
Japanese Yen term loan due 2011—Yen LIBOR plus 1.40% (2)			—			123
Revolving credit facilities			250			—
5.875% Senior Notes due 2013			300			300
5.35% Senior Notes due 2014			500			500
5.10% Senior Notes due 2015			382			382
4.10% Senior Notes due 2016			500			—
5.90% Senior Notes due 2017			250			250
8.50% Senior Notes due 2019			600			600
BNDES loans, variable interest rate indexed to TJLP plus 3.20% and URTJLP plus 9.20% payable through 2017 (3)(4)(5)			64			118
Other			216			115
			3,362			3,163
Less: Current portion of long-term debt			(14	)		(612	)
Total long-term debt		$	3,348		$	2,551

⁽¹⁾

One, three and six month LIBOR at December 31, 2011 were 0.30%, 0.58% and 0.81% per annum, respectively, and at December 31, 2010 were 0.26%, 0.30% and 0.46% per annum, respectively.

⁽²⁾

Three month Yen LIBOR at December 31, 2010 was 0.19% per annum.

⁽³⁾

Industrial development loans provided by BNDES, an agency of the Brazilian government.

⁽⁴⁾

TJLP is a long-term interest rate published by the BNDES on a quarterly basis; TJLP as of December 31, 2011 and December 31, 2010 was 6.00% per annum for both periods.

⁽⁵⁾

URTJLP is a long-term interest rate derived from the TJLP interest rate published by BNDES on a quarterly basis; URTJLP as of December 31, 2011 and December 31, 2010 was TJLP minus 6.00% per annum for both periods.

Principal maturities of long term debt

(US$ in millions)
2012		$	14
2013			628
2014			570
2015			437
2016			765
Thereafter			882
Total (1)		$	3,296

⁽¹⁾

Excludes unamortized net gains of $66 million related to terminated interest rate swap agreements recorded in long-term portion of debt.

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