Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2017

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



	As of December 31,
	2017			2016
Short-Term Debt:
Asset Securitization Program	$	—		$	50.0
Foreign obligations	0.9			2.4
Total short-term debt	$	0.9		$	52.4
Current maturities of long-term debt:
Capital lease obligations	$	3.2		$	0.8
Domestic credit facility	30.0			—
Senior unsecured notes	—			200.0
Debt issuance costs	(0.6		)	(0.7		)
Total current maturities of long-term debt	$	32.6		$	200.1
Long-Term Debt:
Asset Securitization Program	$	276.0		$	—
Capital lease obligations	11.9			15.0
Domestic credit facility	337.0			256.0
Senior unsecured notes	350.0			350.0
Debt issuance costs	(4.4		)	(5.3		)
Total long-term debt	$	970.5		$	615.7
Total debt	$	1,004.0		$	868.2

As of December 31, 2017, the aggregate amounts of required principal payments on total debt were as follows (in millions):

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



	As of December 31,
	2017			2016
Eligible amount available under the ASP on qualified accounts receivable	$	290.0		$	250.0
Beneficial interest sold	(276.0		)	(50.0		)
Remaining amount available	$	14.0		$	200.0

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



	As of December 31,
	2017		2016
Weighted average borrowing rate	2.76	%	2.00	%

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