Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

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,
	2018			2017
Short-Term Debt:
Foreign obligations	$	—		$	0.9
Total short-term debt	$	—		$	0.9
Current maturities of long-term debt:
Asset Securitization Program	$	268.0		$	—
Capital lease obligations	3.5			3.2
Domestic credit facility	30.0			30.0
Debt issuance costs	(0.7		)	(0.6		)
Total current maturities of long-term debt	$	300.8		$	32.6
Long-Term Debt:
Asset Securitization Program	$	—		$	276.0
Capital lease obligations	15.7			11.9
Domestic credit facility	378.0			337.0
Senior unsecured notes	350.0			350.0
Debt issuance costs	(3.2		)	(4.4		)
Total long-term debt	$	740.5		$	970.5
Total debt	$	1,041.3		$	1,004.0

Aggregate amounts of required principal payments on total debt

As of December 31, 2018, the aggregate amounts of required principal payments on total debt were as follows (in millions):

2019	$	301.5
2020	32.6
2021	349.3
2022	0.1
2023	350.0
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,
	2018			2017
Eligible amount available under the ASP on qualified accounts receivable	$	290.0		$	290.0
Less: Beneficial interest transferred	(268.0		)	(276.0		)
Remaining amount available	$	22.0		$	14.0

Summary of weighted average borrowing rate facility

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

	As of December 31,
	2018		2017
Weighted average borrowing rate	3.74	%	2.76	%

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 Interest Expense Ratio no less than	3.0 : 1.0