Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2016

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



	As of December 31,
	2016			2015
Short-Term Debt:
Asset Securitization Program	$	50.0		$	200.0
Foreign obligations	2.4			4.1
Total short-term debt	$	52.4		$	204.1
Current maturities of long-term debt:
Capital lease obligations	$	0.8		$	1.2
Domestic credit facility	—			30.0
Senior unsecured notes	200.0			—
Debt issuance costs	(0.7		)	(0.2		)
Total current maturities of long-term debt	$	200.1		$	31.0
Long-Term Debt:
Capital lease obligations	$	15.0		$	15.6
Domestic credit facility	256.0			293.0
Senior unsecured notes	350.0			200.0
Debt issuance costs	(5.3		)	(2.6		)
Total long-term debt	$	615.7		$	506.0
Total debt	$	868.2		$	741.1

As of December 31, 2016, the aggregate amounts of required principal payments on total debt were as follows (in millions):



	As of December 31,
	2016		2015
Eligible amount available under the ASP on qualified accounts receivable	$	250.0	$	220.0
Beneficial interest sold	50.0		200.0
Remaining amount available	$	200.0	$	20.0

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



	As of December 31,
	2016		2015
Weighted average borrowing rate	2.00	%	1.90	%

The required ratios under our Domestic 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