This excerpt taken from the FL 10-Q filed Nov 30, 2006.
During the third quarter of 2006, the Company repurchased $38 million of its 8.50 percent debentures payable in 2022 at a $2 million discount from face value. As a result, $134 million of the 2022 debentures remain outstanding as of October 28, 2006. The fair value of the interest rate swaps was a liability of $4 million and decreased the carrying value of the Companys 2022 debentures to $130 million.
6. Derivative Financial Instruments