SHORT-TERM DEBT AND LINES OF CREDIT

9 Months Ended

Sep. 30, 2018

Short-term Debt [Abstract]

SHORT-TERM DEBT AND LINES OF CREDIT

SHORT-TERM DEBT AND LINES OF CREDIT

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)	September 30, 2018			December 31, 2017
Commercial paper
Amount outstanding	$	308.8		$	293.1
Weighted-average interest rate on amounts outstanding	2.31		%	1.72		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the nine months ended September 30, 2018, was $292.2 million with a weighted-average interest rate during the period of 2.16%.

The information in the table below relates to our revolving credit facility used to support our commercial paper borrowing program, including available capacity under this facility:

(in millions)	Maturity	September 30, 2018
Revolving credit facility	October 2022	$	400.0
Less:
Letters of credit issued inside credit facility		$	1.3
Commercial paper outstanding		308.8
Available capacity under existing agreement		$	89.9