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2.2.0.25falsefalse10801 - Disclosure - Borrowingstruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0000059478duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit15Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0Unit14Standardhttp://www.xbrl.org/2003/instancepurexbrli0USDUSD$2true0lly_BorrowingsAbstractllyfalsenadurationBorrowings [Abstract]falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringBorrowings [Abstract]falsefalseBorrowings [Abstract]3false0us-gaap_DebtDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> Note 8:  Borrowings   Long-term debt at December 31 consisted of the following: <table class="MsoNormalTable" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; border-collapse: collapse;" cellspacing="0" cellpadding="0" width="610" border="0"> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418">  </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> 2010</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> 2009</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418"> 3.55 to 7.13 percent notes (due 2012-2037) </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> $6,387.4</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> $6,387.4</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418"> Other, including capitalized leases </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> 97.2</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> 105.3</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418"> Fair value adjustment </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> 304.1</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> 162.3</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418">  </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> 6,788.7</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in;" valign="top" width="96"> 6,655.0</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418"> Less current portion </td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> (18.2)</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1pt solid;" valign="top" width="96"> (20.3)</td></tr> <tr><td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 4.35in; padding-top: 0in;" valign="top" width="418"> Long-term debt</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1.5pt solid;" valign="top" width="96"> $6,770.5</td> <td style="padding-right: 4pt; padding-left: 4pt; padding-bottom: 0in; width: 1in; padding-top: 0in; border-bottom: windowtext 1.5pt solid;" valign="top" width="96"> $6,634.7</td></tr></table>   In September 2010, we borrowed $125.0 million of short-term floating-rate debt due in 2011.   In March 2009, we issued $2.40 billion of fixed-rate notes with interest to be paid semi-annually.    The 6.55 percent Employee Stock Ownership Plan (ESOP) debentures are obligations of the ESOP but are shown on the consolidated balance sheet because we guarantee them.  The principal and interest on the debt are funded by contributions from us and by dividends received on certain shares held by the ESOP.  Because of the amortizing feature of the ESOP debt, bondholders will receive both interest and principal payments each quarter.  The balance was $63.7 million and $72.8 million at December 31, 2010 and 2009, respectively, and is included in Other in the table above.    The aggregate amounts of maturities on long-term debt for the next five years are as follows:  2011, $18.2 million; 2012, $1.52 billion; 2013, $15.5 million; 2014, $1.01 billion; and 2015, $12.2 million.   At December 31, 2010 and 2009, short-term borrowings included $137.8 million and $7.1 million, respectively, of notes payable to banks and commercial paper.  At December 31, 2010, we have $1.24 billion of unused committed bank credit facilities, $1.20 billion of which backs our commercial paper program and matures in May, 2011.  Compensating balances and commitment fees are not material, and there are no conditions that are probable of occurring under which the lines may be withdrawn.   We have converted approximately 70 percent of all fixed-rate debt to floating rates through the use of interest rate swaps.  The weighted-average effective borrowing rates based on debt obligations and interest rates at December 31, 2010 and 2009, including the effects of interest rate swaps for hedged debt obligations, were 2.87 percent and 3.07 percent, respectively.   In 2010, 2009, and 2008, cash payments of interest on borrowings totaled $176.3 million, $205.9 million, and $203.1 million, respectively, net of capitalized interest.    In accordance with the requirements of derivatives and hedging guidance, the portion of our fixed-rate debt obligations that is hedged is reflected in the consolidated balance sheets as an amount equal to the sum of the debt's carrying value plus the fair value adjustment representing changes in fair value of the hedged debt attributable to movements in market interest rates subsequent to the inception of the hedge.  </div>Note 8:  Borrowings   Long-term debt at December 31 consisted of the following:   2010 2009 3.55 to 7.13 percent notes (duefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringInformation 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, 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 falsefalseDebt Disclosure [Text Block]12BorrowingsUnKnownUnKnownUnKnownUnKnownfalsetrue