Quarterly report pursuant to Section 13 or 15(d)

Debt And Credit Facilities (Tables)

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Debt And Credit Facilities (Tables)
 3 Months Ended
Mar. 31, 2012
Debt And Credit Facilities [Abstract]  
Schedule Of Long-Term Debt

($ in Millions)

  

March 31, 2012

  

Debt Instrument

    Type    Average
Annual
Interest Rate		      Final
Maturity		      Total Face
Amount		     Total Long-
term Debt		  

$1.25 Billion Term Loan

    Variable      1.37 %           2016         959.5  (6)      872.2  (6) 

$700 Million 4.875% 2021 Senior Notes

    Fixed      4.88 %           2021         700.0          699.3  (5) 

$1.3 Billion Senior Notes:

              

$500 Million 4.80% 2020 Senior Notes

    Fixed      4.80 %           2020         500.0          499.1  (4) 

$800 Million 6.25% 2040 Senior Notes

    Fixed      6.25 %           2040         800.0          790.1  (3) 

$400 Million 5.90% 2020 Senior Notes

    Fixed      5.90 %           2020         400.0          398.1  (2) 

$325 Million Private Placement Senior Notes:

              

Series 2008A - Tranche A

    Fixed      6.31 %           2013         270.0          270.0     

Series 2008A - Tranche B

    Fixed      6.59 %           2015         55.0          55.0     

$1.75 Billion Credit Facility:

              

Revolving Loan

    Variable      -             2016         1,750.0          -    (1) 
           

 

 

    

 

 

  

Total

               $     5,434.5          $     3,583.8     
           

 

 

    

 

 

  

 

December 31, 2011

  

Debt Instrument

    Type    Average
Annual
Interest Rate		      Final
Maturity		      Total Face
Amount		     Total
Long-term
Debt		  

$1.25 Billion Term Loan

    Variable      1.40 %           2016         $     972.0  (6)      $     897.2  (6) 

$700 Million 4.875% 2021 Senior Notes

    Fixed      4.88 %           2021         700.0          699.3  (5) 

$1.3 Billion Senior Notes:

              

$500 Million 4.80% 2020 Senior Notes

    Fixed      4.80 %           2020         500.0          499.1  (4) 

$800 Million 6.25% 2040 Senior Notes

    Fixed      6.25 %           2040         800.0          790.1  (3) 

$400 Million 5.90% 2020 Senior Notes

    Fixed      5.90 %           2020         400.0          398.0  (2) 

$325 Million Private Placement Senior Notes:

              

Series 2008A - Tranche A

    Fixed      6.31 %           2013         270.0          270.0     

Series 2008A - Tranche B

    Fixed      6.59 %           2015         55.0          55.0     

$1.75 Billion Credit Facility:

              

Revolving Loan

    Variable      -             2016         1,750.0          -  (1) 
           

 

 

    

 

 

  

Total

               $     5,447.0          $     3,608.7     
           

 

 

    

 

 

  

(1) As of March 31, 2012 and December 31, 2011, no revolving loans were drawn under the credit facility and the principal amount of letter of credit obligations totaled $23.5 million for each period respectively, thereby reducing available borrowing capacity to $1,726.5 million for each period, respectively. As of April 26, 2012, we had direct borrowings on our $1.75 billion credit facility in the amount of $425.0 million for purposes of funding general operations.

(2) As of March 31, 2012 and December 31, 2011, the $400 million 5.90 percent senior notes were recorded at a par value of $400 million less unamortized discounts of $1.9 million and $2.0 million, respectively, based on an imputed interest rate of 5.98 percent.

(3)As of March 31, 2012 and December 31, 2011, the $800 million 6.25 percent senior notes were recorded at par value of $800 million less unamortized discounts of $9.9 million in each period, respectively, based on an imputed interest rate of 6.38 percent.

(4) As of March 31, 2012 and December 31, 2011, the $500 million 4.80 percent senior notes were recorded at a par value of $500 million less unamortized discounts of $0.9 million in each period, respectively, based on an imputed interest rate of 4.83 percent.

(5) As of March 31, 2012 and December 31, 2011, the $700 million 4.88 percent senior notes were recorded at a par value of $700 million less unamortized discounts of $0.7 million in each period, respectively, based on an imputed interest rate of 4.89 percent.

(6) As of March 31, 2012 and December 31, 2011, $290.5 and $278.0 million, respectively, had been paid down on the original $1.25 billion term loan and of the remaining term loan $87.2 million and $74.8 million, respectively, was classified as Current portion of term loan. The current classification is based upon the principal payment terms of the arrangement requiring principal payments on each three-month anniversary following the funding of the term loan.