XML 52 R11.htm IDEA: XBRL DOCUMENT

DEBT	9 Months Ended
Sep. 27, 2014
DEBT	NOTE 5. DEBT Amended Credit Agreement Based on the September borrowing base certificate, at September 27, 2014, the Company had approximately $1.2 billion of available credit under the asset-based, multi-currency revolving credit facility (the “Facility”) provided by the Amended and Restated Credit Agreement entered into in May 2011, as amended effective February 2012, March 2013, and November 2013. Letters of credit outstanding under the Facility totaled $92 million. There were no borrowings under the Facility in the year-to-date 2014. Senior Notes In August 2013, $150 million borrowed under the 6.25% senior notes matured and was repaid at par.

DEBT

9 Months Ended

Sep. 27, 2014

NOTE 5. DEBT

Amended Credit Agreement

Based on the September borrowing base certificate, at September 27, 2014, the Company had approximately $1.2 billion of available credit under the asset-based, multi-currency revolving credit facility (the “Facility”) provided by the Amended and Restated Credit Agreement entered into in May 2011, as amended effective February 2012, March 2013, and November 2013. Letters of credit outstanding under the Facility totaled $92 million. There were no borrowings under the Facility in the year-to-date 2014.

Senior Notes

In August 2013, $150 million borrowed under the 6.25% senior notes matured and was repaid at par.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details