Lines of Credit and Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2021

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



	As of March 31, 2021		As of December 31, 2020





Current maturities of long-term debt:
Asset securitization program	$	155.0	$	—
Finance lease obligations	10.1		10.1


Debt issuance costs	(0.1)		(0.2)
Total current maturities of long-term debt	$	165.0	$	9.9
Long-Term Debt:

Finance lease obligations	28.9		29.3
Domestic credit facility	37.0		—
Senior unsecured notes	950.0		950.0
Debt issuance costs	(8.0)		(8.6)
Total long-term debt	$	1,007.9	$	970.7
Total debt	$	1,172.9	$	980.6

Eligible amounts available and beneficial interests sold


	As of March 31, 2021		As of December 31, 2020
Eligible amount available under the ASP on qualified accounts receivable	$	240.7	$	279.1
Less: Beneficial interest transferred	(155.0)		—
Remaining amount available	$	85.7	$	279.1

Summary of weighted average borrowing rate facility

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


	As of March 31, 2021		As of December 31, 2020
Weighted average borrowing rate	1.63	%	—	%

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