Capital Structure
| Dollars (millions), except as noted | ||||
| December 31 2007 |
December 31 2006 |
|||
| Short-term debt obligations | $ | 90.0 | $ | 157.9 |
| Current portion of long-term debt obligations | 0.2 | 400.4 | ||
| Long-term debt obligations | 1,358.3 | 1,357.1 | ||
| Deferred debt costs and swap gains included in long-term debt | (18.9) | – | ||
| Total debt | 1,429.6 | $ | 1,915.4 | |
| Shareholders' equity | $ | 6,018.7 | $ | 2,780.3 |
| Total debt to capital | 19% | 41% | ||
| Fixed rate debt obligations as a percentage of total debt obligations | 93% | 91% | ||
| Common shares outstanding | 316,411,209 | 314,403,147 | ||
| Stock options outstanding | 14,006,984 | 14,305,644 | ||
| Dividend payout ratio | 10% | 10% | ||