General Mills is a multi-billion dollar company that makes and sells products used in the kitchens of most homes. The company's annual report included the following note: We have a revolving credit agreement, expiring in two years, that provides for a credit line (which permits us to borrow money when needed). This agreement provides us with the opportunity to refinance short-term borrowings on a long-term basis. Should General Mills classify the short-term borrowings as current or non-current debt based on this ability to borrow money to refinance the debt if needed? Explain what you would want to do, and why, if you were a member of the management team. If you were a financial analyst, would your answer be different?