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Debt and Credit Facilities (Tables)
 2 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our long-term debt as of December 31, 2016 and October 31, 2016 is presented below.
(in millions)
 
December 31, 2016
 
October 31, 2016
Principal
 
$
1,835.0

 
$
1,835.0

Unamortized debt issuance expenses and discounts
 
(13.9
)
 
(14.0
)
Total
 
1,821.1

 
1,821.0

Less current maturities (1)
 
35.0

 
35.0

Total long-term debt
 
$
1,786.1

 
$
1,786.0

 
 
 
 
 
(1) 8.51% Senior Notes, due September 30, 2017.
Schedule of Short-term Debt Activities
A summary of the short-term debt activity under our CP program for the two months ended December 31, 2016 is as follows.
(in millions)
 
Minimum amount outstanding
$
140.0

Maximum amount outstanding
$
330.0

Minimum interest rate
.63
%
Maximum interest rate
1.00
%
Weighted average interest rate
.80
%
Our current borrowings and available capacity under our revolving syndicated credit facility as of December 31, 2016 and October 31, 2016 are presented below.
(in millions)
 
December 31, 2016
 
October 31, 2016
 
Facility size
 
$
850.0

 
$
850.0

 
Reduction to backstop issuances
 
 
 
 
 
Commercial paper
 
(330.0
)
(1) 
(145.0
)
(2) 
Outstanding letters of credit
 
(1.7
)
 
(1.7
)
 
Available capacity
 
$
518.3

 
$
703.3

 
 
 
 
 
 
 
(1) Original maturities ranging from 7 to 15 days from their dates of issuance at a weighted average interest rate of .96%.
 
(2) Original maturities ranging from 1 to 6 days from their dates of issuance at a weighted average interest rate of .64%.