Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2014

Our total debt outstanding consisted of the amounts included in the table below:

	September 30,		December 31,
	2014		2013
Short-term borrowings ⁽¹⁾	$	417.0	$	81.6
Current portion of long-term debt⁽²⁾		1.3		201.5
Total current debt		418.3		283.1
Term Loan A Facility due July 2019 (October 2016 prior to refinance), less unamortized lender fees of $11.3 in 2014 and $8.4 in 2013⁽³⁾		1,146.7		634.8
Term Loan A Facility due July 2017, less unamortized lender fees of $0.4 in 2014⁽³⁾		249.7		-
Term Loan B Facility, less unamortized lender fees of $7.3 in 2013, and unamortized discount of $10.8 in 2013⁽³⁾		-		681.6
8.125% Senior Notes due September 2019		750.0		750.0
6.50% Senior Notes due December 2020⁽⁴⁾		425.6		424.1
8.375% Senior Notes due September 2021		750.0		750.0
5.25% Senior Notes due April 2023		425.0		425.0
6.875% Senior Notes due July 2033, less unamortized discount of $1.3 in 2014 and $1.4 in 2013		448.7		448.6
Other		2.0		2.3
Total long-term debt, less current portion		4,197.7		4,116.4
Total debt⁽⁵⁾	$	4,616.0	$	4,399.5

⁽¹⁾

September 30, 2014 is comprised primarily of $87 million of borrowings outstanding under our U.S. accounts receivable securitization program and $276 million of borrowings outstanding under our revolving credit facility, of which we have the intent and ability to repay within twelve months as of September 30, 2014. As of December 31, 2013, we had no amounts outstanding under either the U.S. or European program, and we did not utilize these programs during 2013.

⁽²⁾	The Company’s $150 million 12% Senior Notes due February 2014 (“12% Senior Notes”) were included in current portion of long-term debt as of December 31, 2013. We repaid the 12% Senior Notes upon their maturity using cash on hand and committed liquidity.

⁽³⁾	On July 25, 2014, the Company entered into a second restatement agreement for refinancing of the term loan A facilities, term loan B facilities and revolving credit facilities with new term loan A facilities. See below for further information

⁽⁴⁾	We had $100 million notional amount of outstanding interest rate swaps associated with the 6.50% Senior Notes.

⁽⁵⁾	The weighted average interest rate on our total outstanding debt was 5.5% as of September 30, 2014 and 6.2% as of December 31, 2013.

Lines of Credit

The following table summarizes our available lines of credit, which include our senior secured credit facility and the amounts available under our U.S. and European accounts receivable securitization programs. We are not subject to any material compensating balance requirements in connection with our lines of credit.

	September 30,		December 31,
	2014		2013
Used lines of credit⁽¹⁾	$	417.0	$	81.6
Unused lines of credit		788.6		1,224.0
Total available lines of credit⁽²⁾	$	1,205.6	$	1,305.6

⁽¹⁾	Includes total borrowings under AR securitization program, revolving credit facility and borrowings under lines of credit available to several foreign subsidiaries.

⁽²⁾	Of the total available lines of credit, $908 million were committed as of September 30, 2014.