SHORT-TERM DEBT AND LINES OF CREDIT

9 Months Ended

Sep. 30, 2019

Short-term Debt [Abstract]

SHORT-TERM DEBT AND LINES OF CREDIT

SHORT-TERM DEBT AND LINES OF CREDIT

The following table shows our short-term borrowings and their corresponding weighted-average interest rates:

(in millions, except percentages)	September 30, 2019			December 31, 2018
Commercial paper
Amount outstanding	$	37.0		$	134.9
Weighted-average interest rate on amounts outstanding	2.15		%	2.96		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the nine months ended September 30, 2019 was $48.1 million with a weighted-average interest rate during the period of 2.67%.

The information in the table below relates to our revolving credit facility used to support our commercial paper borrowing program, including available capacity under this facility:

(in millions)	Maturity	September 30, 2019
Revolving credit facility	October 2022	$	500.0
Less:
Letters of credit issued inside credit facility		$	1.2
Commercial paper outstanding		37.0
Available capacity under existing credit facility		$	461.8