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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2011
Indebtedness  
Schedule of debt activity (both current and non-current)

 

 

 
  December 31,
2010
  Borrowings   Repayments   Other(5)   December 31,
2011
 

Domestic revolving loan facility

  $   $ 1,050.0   $ (1,050.0 ) $   $  

Foreign revolving loan facility

        31.1         (0.2 )   30.9  

Term loan 1(1)

        300.0             300.0  

Term loan 2(1)

        500.0             500.0  

6.875% senior notes

    600.0                 600.0  

7.625% senior notes

    500.0                 500.0  

7.50% senior notes(2)

    28.2         (28.2 )        

6.25% senior notes(3)

    21.3         (21.3 )        

Trade receivables financing arrangement

        118.0     (118.0 )        

Other indebtedness(4)

    48.1     5.6     (2.8 )   19.3     70.2  
                       

Total debt

    1,197.6   $ 2,004.7   $ (1,220.3 ) $ 19.1     2,001.1  
                           

Less: short-term debt

    36.3                       71.3  

Less: current maturities of long-term debt

    50.8                       4.2  
                             

Total long-term debt

  $ 1,110.5                     $ 1,925.6  
                             

(1)
On December 22, 2011, we drew down our delayed draw incremental term loans in the amounts of $300.0 and $500.0 (collectively the "Term Loans"). These funds were used for the acquisition of Clyde Union, which was consummated substantially contemporaneously with the borrowings.

(2)
These notes were redeemed in full in January 2011.

(3)
These notes were redeemed in full in June 2011.

(4)
Includes balances under a purchase card program of $40.4 and $36.1 at December 31, 2011 and 2010, respectively.

(5)
"Other" includes debt assumed, including $14.5 from the Clyde Union acquisition, and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.
Schedule of fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans

 

 

Consolidated Leverage Ratio
  Domestic
Revolving
Commitment
Fee
  Global
Revolving
Commitment
Fee
  Letter of
Credit
Fee
  Foreign
Credit
Commitment
Fee and
Bilateral
Foreign
Credit Fee
  Foreign
Credit
Instrument
Fee and
Bilateral
Foreign
Credit Fee
  LIBOR Rate
Loans
  ABR Loans   Term
Loan
LIBOR
Rate
Loans
  Term
Loan
ABR
Loans
 

Greater than or equal to 3.00 to 1.0

    0.40 %   0.40 %   2.00 %   0.40 %   1.25 %   2.00 %   1.00 %   2.25 %   1.25 %

Between 2.00 to 1.0 and 3.00 to 1.0

    0.35 %   0.35 %   1.875 %   0.35 %   1.125 %   1.875 %   0.875 %   2.125 %   1.125 %

Between 1.50 to 1.0 and 2.00 to 1.0

    0.30 %   0.30 %   1.75 %   0.30 %   1.00 %   1.75 %   0.75 %   2.00 %   1.00 %

Between 1.00 to 1.0 and 1.50 to 1.0

    0.275 %   0.275 %   1.50 %   0.275 %   0.875 %   1.50 %   0.50 %   1.75 %   0.75 %

Less than 1.00 to 1.0

    0.25 %   0.25 %   1.25 %   0.25 %   0.75 %   1.25 %   0.25 %   1.50 %   0.50 %