Our total borrowings as of March 31, 2015, and December 31, 2014, were comprised of the following:



	As of
	March 31, 2015			December 31, 2014
	(In millions)
Senior notes:
Canadian Dollar ("CAD") 900 million 5.0% notes due 2015	$	709.4		$	774.5
CAD 500 million 3.95% Series A notes due 2017	394.1			430.3
$300 million 2.0% notes due 2017⁽¹⁾	300.6			300.0
$500 million 3.5% notes due 2022⁽¹⁾	519.2			510.8
$1.1 billion 5.0% notes due 2042	1,100.0			1,100.0
Long-term credit facilities⁽²⁾	—			—
Less: unamortized debt discounts	(3.9		)	(4.2		)
Total long-term debt (including current portion)	3,019.4			3,111.4
Less: current portion of long-term debt	(709.3		)	(774.3		)
Total long-term debt	$	2,310.1		$	2,337.1

Short-term borrowings:
Commercial paper program⁽³⁾	$	127.8		$	—
Overdraft facility⁽⁴⁾	59.0			64.6
Short-term facilities⁽⁵⁾:
Japanese Yen ("JPY") 1.5 billion line of credit	4.6			4.9
Euro ("EUR") 100 million revolving credit facility	26.8			—
Other short-term borrowings	13.7			5.6
Current portion of long-term debt	709.3			774.3
Current portion of long-term debt and short-term borrowings	$	941.2		$	849.4

(1)

In the first quarter of 2015, we entered into interest rate swaps to economically convert our fixed rate $300 million 2.0% notes due 2017 ("$300 million notes") to floating rate debt consistent with our $500 million 3.5% notes due 2022 ("$500 million notes") entered into during 2014. As a result of these hedge programs, the carrying value of the $300 million and $500 million notes include adjustments of $0.6 million and $19.2 million, respectively, for fair value movements attributable to the benchmark interest rate.

In the first quarter of 2015, we also entered into a cross currency swap with a total notional of EUR 265 million ($300 million upon execution) in order to hedge a portion of the foreign currency translational impacts of our European investment. As a result of this cross currency swap and the above mentioned interest rate swaps, we have economically converted the $300 million notes and associated interest to a floating rate EUR denomination. The effective interest rate for the $300 million notes, adjusted for these swaps, was 0.96% for the three months ended March 31, 2015. The interest rate swaps on our $500 million notes resulted in an effective interest rate of 1.3% for the three months ended March 31, 2015. See Note 13, "Derivative Instruments and Hedging Activities" for further details.


(2)	As of March 31, 2015, we have $622.2 million available to draw on under our $750 million revolving credit facility, as the borrowing capacity is reduced by borrowings under our commercial paper program discussed below.