| (Dollars in millions) |
|
2008 |
|
2007 |
| Medium-term notes |
|
|
|
|
| 5.70% due June 9, 2008 |
$ |
- |
$ |
150.0 |
| 5.22% due October 1, 2010 |
|
300.0 |
|
300.0 |
| 4.95% due June 1, 2015 |
|
300.0 |
|
300.0 |
| 6.25% due April 13, 2028 |
|
150.0 |
|
150.0 |
| 6.32% due February 24, 2034 |
|
200.0 |
|
200.0 |
| 5.61% due September 4, 2035 |
|
200.0 |
|
200.0 |
| Debentures, 12.10% maturing May 10, 2010 |
|
150.0 |
|
150.0 |
| Capital lease obligations |
|
47.2 |
|
28.9 |
| Fair value hedge adjustment |
|
15.7 |
|
(0.3) |
| Promissory note |
|
13.4 |
|
13.8 |
| Other |
|
12.0 |
|
5.7 |
| Total long-term debt |
|
1,388.3 |
|
1,498.1 |
| Less: amounts due within one year |
|
14.8 |
|
156.3 |
| Total – net of current portion |
$ |
1,373.5 |
$ |
1,341.8 |
Medium-term notes
The medium-term notes are redeemable by the Company, in whole or in part, at any time, at the greater of par and a formula price based upon interest rates at the time of redemption.
Debentures
The debentures are redeemable by the Company, in whole or in part, at any time, at the greater of par and a formula price based upon interest rates at the time of redemption. Commencing with the quarter ended October 1, 1994, and for each subsequent quarter, the Company may (subject to availability and pricing) be required to purchase up to 1.15 per cent of the debentures outstanding at the beginning of such quarter. To date, no such purchases have been made.