Dollars (millions), except as noted
December 31 December 31
2010 2009
Cash and cash equivalents $ 411.9 $ 385.4
Short-term debt obligations 1,273.9 727.0
Current portion of long-term debt obligations 601.8 1.8
Long-term debt obligations 3,755.9 3,356.2
Deferred debt costs and swap gains (53.1) (36.9)
Total debt 5,578.5 4,048.1
Shareholders’ equity $ 6,804.2 $ 6,439.8
Total debt to capital 1 45% 39%
Fixed-rate debt obligations as a percentage of total debt obligations 77% 82%
Common shares outstanding 853,122,693 887,926,650
Stock options outstanding 32,121,309 38,128,275
Dividend payout ratio 2 6% 12%
1
Total debt to capital calculated as total debt/(total debt + shareholders’ equity).
2
Dividend payout ratio calculated as dividends per share divided by basic net income per share.
Dollars (millions) at December 31, 2010
Total Amount Outstanding Amount
Amount and Committed Available
Credit facilities 1 $ 3,250.0 $ 1,272.4 $ 1,977.6
Line of credit 75.0 8.8 2 66.2
1
The company increased the authorized amount under its commercial paper program from $750.0 million to $1,500.0 million in 2010. The amount available under the
commercial paper program is limited to the availability of backup funds under the credit facilities. Included in the amount outstanding and committed is $1,272.4
million of commercial paper. Per the terms of the agreements, the commercial paper outstanding and committed, as applicable, is based on the US dollar balance or
equivalent thereof in lawful money of other currencies at the time of issue; therefore, subsequent changes in the exchange rate applicable to Canadian dollar-
denominated commercial paper have no impact on this balance.
2
Letters of credit committed.