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Debt
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Debt
Debt

The following table summarizes our long-term debt obligations, net of current maturities and unamortized debt issuance costs:

($ in millions)
June 30,
2016
 
December 31,
2015
Euro note B, due February 27, 2016 (4.38%)
$

 
$
66.8

Term loan, due January 1, 2018 (1.74%)
36.0

 
37.1

Note payable, due December 31, 2019
0.2

 
0.2

Revolving credit facility, due October 15, 2020 (1.71%)
28.1

 
27.1

Series A notes, due July 5, 2022 (3.67%)
42.0

 
42.0

Series B notes, due July 5, 2024 (3.82%)
53.0

 
53.0

Series C notes, due July 5, 2027 (4.02%)
73.0

 
73.0

Total debt
232.3

 
299.2

Less: current portion of long-term debt
2.5

 
69.3

Less: unamortized debt issuance costs
0.9

 
1.0

Long-term debt, net
$
228.9

 
$
228.9



Please refer to Note 8, Debt, to the consolidated financial statements in our 2015 Annual Report for additional details regarding our debt agreements.

At June 30, 2016, we had $28.1 million in outstanding borrowings under our $300.0 million multi-currency revolving credit facility, of which $4.9 million was denominated in Yen and $23.2 million was denominated in Euro. The total amount outstanding under this facility at June 30, 2016 and December 31, 2015 was classified as long-term. These borrowings, together with outstanding letters of credit of $3.0 million, resulted in a borrowing capacity available under this facility of $268.9 million at June 30, 2016.

In addition, at June 30, 2016, we had $36.0 million outstanding under our five-year term loan due January 2018, of which $2.5 million was classified as current. Please refer to Note 7, Derivative Financial Instruments, for a discussion of the interest-rate swap agreement associated with this loan.