Lines of Credit and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Outstanding debt obligations

The following tables summarize our outstanding debt obligations and the classification in the accompanying Consolidated Balance Sheets (in millions):

	As of March 31, 2013		As of December 31, 2012
Short-Term Debt:
Asset Securitization Program	$	20.0	$	30.0
Foreign obligations	6.0		4.9
Total short-term debt	$	26.0	$	34.9
Current maturities of long-term debt:	$	0.6	$	0.7
Long-Term Debt:
Capital lease obligations	$	15.8	$	16.0
Domestic revolving credit facility	274.0		135.0
Senior unsecured notes	200.0		200.0
Total long-term debt	$	489.8	$	351.0
Total debt	$	516.4	$	386.6

Eligible amounts available and beneficial interests sold

The eligible amounts available and beneficial interests sold were as follows (in millions):

	As of March 31, 2013		As of December 31, 2012
Eligible amount available under the ASP on qualified accounts receivable	$	160.0	$	160.0
Beneficial interest sold	20.0		30.0
Remaining amount available	$	140.0	$	130.0

Discount fees in Selling, General and Administrative Expenses

The interest expense, including all fees, related to the ASP was as follows (in millions):

	For the Three Months Ended March 31,
	2013		2012
Interest expense (including fees)	$	0.3	$	0.3

Summary of weighted average borrowing rate facility

Our weighted average borrowing rate on the facility was as follows:

	As of March 31, 2013		As of December 31, 2012
Weighted average borrowing rate	1.20	%	1.46	%

Financial Covenants, Leverage and Interest Coverage

The required ratios under our Domestic Revolving Credit Facility are detailed below:

Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5 : 1.0
Cash Flow to Net Interest Expense Ratio no less than	3.0 : 1.0