The components of Short-term debt follow:

Domestic loans payable consists of commercial paper. Foreign loans payable consists of short-term borrowings from financial institutions. The weighted average interest rates for loans payable were 5.3% and 5.9% at September 30, 1999 and 1998, respectively. The Company has available a $500,000 syndicated and committed revolving credit facility, which expires in November 2001. In August 1999, the Company entered into a 364-day $300,000 committed facility. In March 1999, the Company renewed a 364-day $100,000 committed facility. All of these facilities support the Company’s commercial paper borrowing program and can also be used for other general corporate purposes. Restrictive covenants under these agreements include a minimum interest coverage ratio. There were no borrowings outstanding under these facilities at September 30, 1999. In addition, the Company had unused short-term foreign lines of credit pursuant to informal arrangements of approximately $243,000 and $193,000 at September 30, 1999 and 1998, respectively.

The components of Long-Term Debt follow:

In September 1999, the Company issued $200,000 of 7.15% debentures due on October 1, 2009, with an effective yield including the results of an interest rate hedge and other financing costs of 7.34%. In July 1998, the Company issued $200,000 of 6.70% debentures due on August 1, 2028. The effective yield of the debentures including the results of an interest rate hedge and other financing costs was 7.08%.

The Company has available $100,000 under a $500,000 shelf registration statement filed in October 1997 for the issuance of debt securities.

The aggregate annual maturities of long-term debt during the fiscal years ending September 30, 2001 to 2004 are as follows: 2001-$107,223; 2002-$7,509; 2003-$7,740; 2004-$4,371.

The Company capitalizes interest costs as a component of the cost of construction in progress. The following is a summary of interest costs:

Interest paid, net of amounts capitalized, was $77,681 in 1999, $64,160 in 1998, and $48,573 in 1997.