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Long-term debt | 9 Months Ended
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Sep. 25, 2011
Long-term debt | NOTE 5 – Long-term debt The long-term debt of the Company is summarized below:
(in thousands of dollars) |  |  |  |  |  |
|  | Sept. 25, 2011 |  |  | Dec. 26, 2010 |
Unsecured notes bearing fixed rate interest at 5.75% paid June 2011 |  | $ | — |  |  | $ | 433,196 |
Unsecured floating rate term loan paid July 2011 |  |  | — |  |  |  | 180,000 |
Unsecured notes bearing fixed rate interest at 6.375% due April 2012 |  |  | 306,500 |  |  |  | 306,397 |
Borrowings under revolving credit agreements expiring September 2014 |  |  | 395,000 |  |  |  | 221,000 |
Unsecured notes bearing fixed rate interest at 8.75% due November 2014 |  |  | 247,432 |  |  |  | 246,924 |
Unsecured notes bearing fixed rate interest at 10% due June 2015 |  |  | 59,126 |  |  |  | 58,007 |
Unsecured notes bearing fixed rate interest at 6.375% due September 2015 |  |  | 247,876 |  |  |  | 247,535 |
Unsecured notes bearing fixed rate interest at 10% due April 2016 |  |  | 168,742 |  |  |  | 165,950 |
Unsecured notes bearing fixed rate interest at 9.375% due November 2017 |  |  | 247,080 |  |  |  | 246,830 |
Unsecured notes bearing fixed rate interest at 7.125% due September 2018 |  |  | 246,668 |  |  |  | 246,403 |
Total long-term debt |  | $ | 1,918,424 |  |  | $ | 2,352,242 |
For the first nine months of 2011, the Company’s long-term debt was reduced by $434 million reflecting net debt repayments of $439 million partially offset by debt discount amortization. On September 25, 2011, the Company had unused borrowing capacity of $1.24 billion under its revolving credit agreements. In addition, its revolving credit agreements allow the Company to borrow at least $1.0 billion of additional unsecured debt (unrestricted as to purpose) guaranteed by the guarantor subsidiaries under these credit agreements. This borrowing limit is subject to increases depending upon the Company’s total leverage ratio. The Company used a combination of cash flow from operating activities and borrowings from the credit agreements to repay notes that matured in June 2011 and the term loan that matured in July 2011.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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Period Type: | duration