Debt

Debt maturing within one year:

Debt maturing within one year consists of the following:



(in Millions)	March 31, 2013		December 31, 2012
Short-term debt	$	37.2	$	50.6
Current portion of long-term debt	6.0		5.7
Total debt maturing within one year	$	43.2	$	56.3

Short-term debt consisted of foreign credit lines at March 31, 2013 and December 31, 2012. We often provide parent-company guarantees to lending institutions that extend credit to our foreign subsidiaries.

Long-term debt:

Long-term debt consists of the following:



(in Millions)	March 31, 2013
(in Millions)	Interest Rate Percentage		Maturity Date	3/31/2013		12/31/2012
Pollution control and industrial revenue bonds (less unamortized discounts of $0.2 and $0.2, respectively)	0.2-6.5%		2013-2035	$	176.7	$	176.7
Senior notes (less unamortized discount of $1.8 and $1.8, respectively)	3.95-5.2%		2019-2022	598.2		598.2
2011 credit agreement (1)	1.2	%	2016	455.0		130.0
Foreign debt	0-10.3%		2013-2023	10.0		9.6
Total long-term debt				$	1,239.9	$	914.5
Less: debt maturing within one year				6.0		5.7
Total long-term debt, less current portion				$	1,233.9	$	908.8

____________________


(1)	Letters of credit outstanding under the 2011 Credit Agreement totaled $73.3 million and available funds under this facility were $971.7 million at March 31, 2013.

Covenants

Among other restrictions, the 2011 Credit Agreement contains financial covenants applicable to FMC and its consolidated subsidiaries related to leverage (measured as the ratio of debt to adjusted earnings) and interest coverage (measured as the ratio of adjusted earnings to interest expense). Our actual leverage for the four consecutive quarters ended March 31, 2013, was 1.7 which is below the maximum leverage of 3.5. Our actual interest coverage for the four consecutive quarters ended March 31, 2013, was 17.5 which is above the minimum interest coverage of 3.5. We were in compliance with all covenants at March 31, 2013.