SHORT-TERM DEBT AND LINES OF CREDIT

6 Months Ended

Jun. 30, 2019

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)	June 30, 2019			December 31, 2018
Commercial paper
Amount outstanding	$	265.3		$	284.4
Weighted-average interest rate on amounts outstanding	2.53		%	2.85		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the six months ended June 30, 2019 was $245.2 million with a weighted-average interest rate during the period of 2.67%.

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	June 30, 2019
Revolving credit facility	October 2022	$	400.0
Less:
Letters of credit issued inside credit facility		$	1.3
Commercial paper outstanding		265.3
Available capacity under existing agreement		$	133.4