Recently, on my 1989 Ford 460, the PS and AC belt tore itself up, as I was leaving Tonopah, NV.
Lots of noise. No fluids on the ground is a good sign. Power steering was gone. Open the hood and see no belt where a belt should be, and lots of strands of belt where they shouldn't be.
AC was already kaput, low on R12 probably the culprit there, as the pulley spins freely. So no loss there.
As I was underneath untangling and removing the remnants of the belt, I discovered a large plastic doughnut laying on the air dam, that was the idler pulley sans the locked up bearing.
Went ahead, carefully continued driving home down US-95 w/o PS at 50-55 mph. I don't usually go over 55 mph anyway. 50 was when the gusty crosswinds were worse.
All fixed up, and replaced the radiator hoses as well.
Back on the road.