SHORT-TERM DEBT AND LINES OF CREDIT

3 Months Ended

Mar. 31, 2021

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)	March 31, 2021			December 31, 2020
Commercial paper
Amount outstanding	$	200.5		$	210.5
Weighted-average interest rate on amounts outstanding	0.16		%	0.18		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the three months ended March 31, 2021 was $207.3 million with a weighted-average interest rate during the period of 0.16%.

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	March 31, 2021
Revolving credit facility	October 2022	$	400.0
Less:
Letters of credit issued inside credit facility		$	1.3
Commercial paper outstanding		200.5
Available capacity under existing credit facility		$	198.2