SHORT-TERM DEBT AND LINES OF CREDIT

9 Months Ended

Sep. 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)	September 30, 2021			December 31, 2020
Commercial paper
Amount outstanding	$	22.5		$	292.0
Weighted-average interest rate on amounts outstanding	0.15		%	0.21		%

Our average amount of commercial paper borrowings based on daily outstanding balances during the nine months ended September 30, 2021 was $190.6 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	September 30, 2021
Revolving credit facility (1)	September 2026	$	500.0
Less:
Letters of credit issued inside credit facility		$	1.0
Commercial paper outstanding		22.5
Available capacity under existing credit facility		$	476.5

(1)    In September 2021, we extended the maturity of our credit facility to September 2026.