Lines of Credit and Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

The following table summarizes our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in millions):



	As of September 30, 2016			As of December 31, 2015
Short-Term Debt:
Asset Securitization Program	$	325.0		$	200.0
Foreign obligations	2.8			4.1
Total short-term debt	$	327.8		$	204.1
Current maturities of long-term debt:
Capital lease obligations	$	0.9		$	1.2
Domestic credit facility	15.0			30.0
Senior unsecured notes	200.0			—
Debt issuance costs	(0.3		)	(0.2		)
Total current maturities of long-term debt	$	215.6		$	31.0
Long-Term Debt:
Capital lease obligations	$	15.1		$	15.6
Domestic credit facility	500.0			293.0
Senior unsecured notes	—			200.0
Debt issuance costs	(2.6		)	(2.6		)
Total long-term debt	$	512.5		$	506.0
Total debt	$	1,055.9		$	741.1

Eligible amounts available and beneficial interests sold

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



	As of September 30, 2016		As of December 31, 2015
Eligible amount available under the ASP on qualified accounts receivable	$	325.0	$	220.0
Beneficial interest sold	325.0		200.0
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 September 30, 2016		As of December 31, 2015
Weighted average borrowing rate	1.70	%	1.90	%

Schedule of 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