Lines of Credit and Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2017

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



	As of September 30, 2017			As of December 31, 2016
Short-Term Debt:
Asset Securitization Program	$	325.0		$	50.0
Foreign obligations	1.0			2.4
Total short-term debt	$	326.0		$	52.4
Current maturities of long-term debt:
Capital lease obligations	$	0.5		$	0.8
Domestic credit facility	22.5			—
Senior unsecured notes	—			200.0
Debt issuance costs	(0.6		)	(0.7		)
Total current maturities of long-term debt	$	22.4		$	200.1
Long-Term Debt:
Capital lease obligations	$	14.7		$	15.0
Domestic credit facility	415.5			256.0
Senior unsecured notes	350.0			350.0
Debt issuance costs	(4.5		)	(5.3		)
Total long-term debt	$	775.7		$	615.7
Total debt	$	1,124.1		$	868.2

Eligible amounts available and beneficial interests sold

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



	As of September 30, 2017		As of December 31, 2016
Eligible amount available under the ASP on qualified accounts receivable	$	325.0	$	250.0
Less: Beneficial interest sold	325.0		50.0
Remaining amount available	$	—	$	200.0

Summary of weighted average borrowing rate facility

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



	As of September 30, 2017		As of December 31, 2016
Weighted average borrowing rate	2.47	%	2.00	%

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