Debt and Credit Facilities (Tables)

3 Months Ended

Mar. 31, 2017

Our total debt outstanding consisted of the amounts set forth on the following table:

	March 31,		December 31,
(In millions)	2017		2016
Short-term borrowings⁽¹⁾	$	96.9	$	83.0
Current portion of long-term debt⁽²⁾		296.5		297.0
Total current debt		393.4		380.0
Term Loan A due July 2019⁽²⁾		812.5		818.3
6.50% Senior Notes due December 2020		423.2		423.1
4.875% Senior Notes due December 2022		419.8		419.6
5.25% Senior Notes due April 2023		419.9		419.7
4.50% Senior Notes due September 2023		423.1		416.7
5.125% Senior Notes due December 2024		420.3		420.2
5.50% Senior Notes due September 2025		396.5		396.4
6.875% Senior Notes due July 2033		445.3		445.3
Other		2.1		3.3
Total long-term debt, less current portion⁽⁴⁾		3,762.7		3,762.6
Total debt⁽³⁾⁽⁵⁾	$	4,156.1	$	4,142.6

⁽¹⁾

Short-term borrowings of $96.9 million at March 31, 2017 are comprised primarily of $61.9 million short-term borrowing from various lines of credit, $30.0 million of borrowings outstanding under our U.S. accounts receivable securitization program and $5.0 million outstanding under our revolving credit facility. Short-term borrowings at December 31, 2016 were comprised primarily of $83.0 million short-term borrowings from various lines of credit.

⁽²⁾	Term Loan A facility due July 2019 has required prepayments which are due through the first quarter of 2018 and the outstanding balance of the Term Loan A facility due in July 2017 are included in the current portion of long-term debt.

⁽³⁾

As of March 31, 2017, our weighted average interest rate on our short-term borrowings outstanding was 3.4% and on our long-term debt outstanding was 4.6%. As of December 31, 2016, our weighted average interest rate on our short-term borrowings outstanding was 4.8% and on our long-term debt outstanding was 4.7%.

⁽⁴⁾	Amounts are net of unamortized discounts and issuance costs of $34.8 million as March 31, 2017 and $36.3 million as of December 31, 2016.

⁽⁵⁾	Long-term debt instruments are listed in order of priority.

Lines of Credit

The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the Revolving Credit Facility discussed above, and the amounts available under our accounts receivable securitization programs.

	March 31,		December 31,
(In millions)	2017		2016
Used lines of credit⁽¹⁾⁽²⁾	$	96.9	$	83.0
Unused lines of credit		1,026.1		1,074.4
Total available lines of credit⁽³⁾	$	1,123.0	$	1,157.4

⁽¹⁾	Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.

⁽²⁾	As of March 31, 2017 and December 31, 2016, there were $26.3 million and $25.4 million of cash held on deposit, respectively, as a compensating balance for certain short-term borrowings, which is recorded in other current assets on the Condensed Consolidated Balance Sheet.

⁽³⁾	Of the total available lines of credit, $869.8 million were committed as of March 31, 2017.