Financing

The following table summarizes our short-term debt and current maturities of long-term debt as of March 31, 2019 and December 31, 2018:



(in millions)	March 31, 2019		December 31, 2018
Commercial paper	$	55.5	$	—
Syndicated loan facility	5.9		5.3
Building loan facility	1.7		1.6
Total short-term borrowings and current maturities of long-term debt	$	63.1	$	6.9

As of March 31, 2019, there were $55.5 million of outstanding borrowings under the commercial paper program. Amounts available under the commercial paper program may be borrowed, repaid and re-borrowed from time to time, with the aggregate principal amount of the notes outstanding under the commercial paper program at any time not to exceed $550 million. At December 31, 2018, there were no borrowings outstanding under the commercial paper program.

As of March 31, 2019, the Company had a revolving credit agreement permitting borrowings of up to $550 million which expires in December 2022. As of March 31, 2019, there were no borrowings under this revolving credit agreement. The undrawn portion of this revolving credit agreement is also available to serve as a backstop facility for the issuance of commercial paper.

The following table summarizes our long-term debt as of March 31, 2019 and December 31, 2018:



(in millions)	March 31, 2019			December 31, 2018
4.45% notes due December 2023	$	298.7		$	298.6
6.55% notes due November 2036	198.2			198.2
4.20% notes due March 2048	346.0			345.9
Syndicated loan facility	72.0			76.1
Building loan facility	26.9			25.1
Other deferred financing costs associated with credit facilities	(1.6		)	(1.6		)
Total long-term debt ^(a)	$	940.2		$	942.3
(a) Debt discounts and debt issuance costs totaled $7.5 and $6.7 as of March 31, 2019 and December 31, 2018, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above.