Lines of Credit and Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2019

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



	As of December 31,
	2019			2018
Current maturities of long-term debt:
Asset securitization program	$	285.0		$	268.0
Finance lease obligations	7.8			3.5
Domestic credit facility	30.0			30.0
Debt issuance costs	(0.9		)	(0.7		)
Total current maturities of long-term debt	$	321.9		$	300.8
Long-Term Debt:
Finance lease obligations	25.9			15.7
Domestic credit facility	475.5			378.0
Senior unsecured notes	350.0			350.0
Debt issuance costs	(2.1		)	(3.2		)
Total long-term debt	$	849.3		$	740.5
Total debt	$	1,171.2		$	1,041.3

Aggregate amounts of required principal payments on total debt

As of December 31, 2019, the aggregate amounts of required principal payments on total debt were as follows (in millions):



2020	$	322.8
2021	481.9
2022	4.7
2023	352.5
2024	0.6
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,
	2019			2018
Eligible amount available under the ASP on qualified accounts receivable	$	320.0		$	290.0
Less: Beneficial interest transferred	(285.0		)	(268.0		)
Remaining amount available	$	35.0		$	22.0

Summary of weighted average borrowing rate facility

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



	As of December 31,
	2019		2018
Weighted average borrowing rate	2.93	%	3.74	%

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