SHORT-TERM DEBT AND LINES OF CREDIT

6 Months Ended

Jun. 30, 2021

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)	June 30, 2021			December 31, 2020
Commercial paper
Amount outstanding	$	202.0		$	292.0
Weighted-average interest rate on amounts outstanding	0.16		%	0.21		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the six months ended June 30, 2021 was $254.1 million with a weighted-average interest rate during the period of 0.17%.

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	June 30, 2021
Revolving credit facility	October 2022	$	500.0
Less:
Letters of credit issued inside credit facility		$	1.0
Commercial paper outstanding		202.0
Available capacity under existing credit facility		$	297.0