Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Outstanding debt obligations

The following tables summarize our outstanding debt obligations and the classification in the accompanying Consolidated Balance Sheets (in millions):

	As of December 31,
	2015		2014
Short-Term Debt:
Asset Securitization Program	$	200.0	$	220.0
Foreign obligations	4.1		6.6
Total short-term debt	$	204.1	$	226.6
Current maturities of long-term debt:
Capital lease obligations	$	1.2	$	1.5
Domestic credit facility	30.0		22.5
Long-Term Debt:
Capital lease obligations	$	15.6	$	15.5
Domestic credit facility	293.0		459.5
Senior unsecured notes	200.0		200.0
Total long-term debt	$	508.6	$	675.0
Total debt	$	743.9	$	925.6

Aggregate amounts of required principal payments on total debt

As of December 31, 2015, the aggregate amounts of required principal payments on total debt were as follows (in millions):

2016	$	235.3
2017	231.3
2018	32.6
2019	233.0
2020	—
Thereafter	11.7

Eligible amounts available and beneficial interests sold

The eligible amounts available and beneficial interests sold were as follows (in millions):

	As of December 31,
	2015		2014
Eligible amount available under the ASP on qualified accounts receivable	$	220.0	$	220.0
Beneficial interest sold	200.0		220.0
Remaining amount available	$	20.0	$	—

Summary of weighted average borrowing rate facility

Our weighted average borrowing rate on the facility was as follows:

	As of December 31,
	2015		2014
Weighted average borrowing rate	1.90	%	1.88	%

Required ratios under the domestic credit facility

The required ratios under our Domestic Credit Facility are detailed below:

Consolidated Indebtedness to Adjusted EBITDA Ratio no greater than	3.5 : 1.0
Cash Flow to Net Interest Expense Ratio no less than	3.0 : 1.0