LONG-TERM DEBT

Debt consisted of the following at December 31,



(dollars in millions)	2016			2015
Commercial paper payable	$	221.3		$	329.5
6.8% notes payable in 2019	400.0			400.0
4.5% notes payable in 2021	400.0			400.0
Notes payable in 2022	200.0			200.0
3.1% notes payable in 2026	300.0			—
Other debt, including debt of subsidiaries	14.7			30.5
Interest rate swap of 2021 notes (See Note 8)	1.3			5.2
Unamortized discounts and debt issuance costs	(7.5		)	(5.5		)

Total debt	1,529.8			1,359.7
Less current portion	2.0			5.8
Total long-term debt	$	1,527.8		$	1,353.9

Commercial paper has been classified as long-term debt to the extent of available long-term backup credit agreements, in accordance with the Company’s intent and ability to refinance such obligations on a long-term basis. The weighted-average interest rate of commercial paper outstanding at December 31, 2016, was 1.0 percent. The maximum amount of commercial paper outstanding during 2016 was $575.5 million, and the average outstanding during 2016 was $393.5 million. The weighted-average interest rate during 2016 was 0.8 percent.

As of December 31, 2016, the Company had available from its banks a $1.1 billion revolving credit facility. On July 22, 2016, the Company amended the revolving credit facility extending the terms of the agreement from August 12, 2018 to July 22, 2021. The revolving credit facility is supported by a group of major U.S. and international banks. Covenants imposed by the revolving credit facility include limits on the sale of businesses, minimum net worth calculations, and a maximum ratio of debt to total capitalization. The revolving credit agreement includes a combined $100 million multicurrency limit to support the financing needs of the Company’s international subsidiaries.

The $200 million term loan has an eight-year term and a variable interest rate based on the one-month London Interbank Offered Rate (LIBOR) plus a fixed spread. On September 15, 2016, the Company issued $300 million aggregate principal amount of senior notes due in 2026 with a fixed interest rate of 3.1 percent.

The scheduled maturities of the Company's long-term debt obligations for the next five years as of December 31, 2016, are as follows:



Year	Dollars (in millions)
2017	$	221.3
2018	1.7
2019	403.7
2020	1.7
2021	401.7

Commercial paper has been classified as long-term liabilities in accordance with the Company's ability and intent to refinance such obligations on a long-term basis. The Company is in compliance with all debt covenants.