Short-Term Borrowings

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Short-Term Borrowings

	2014		2013
Commercial paper	$	150.1	$	—
Other short-term borrowings	300.0		—
Total short-term borrowings	$	450.1	$	—

Commercial Paper. KCSR and KCSM’s commercial paper programs generally serve as the primary means of short-term funding. As of December 31, 2014, KCSR had $150.1 million of commercial paper outstanding at a weighted-average interest rate of 0.716% and KCSM had no commercial paper outstanding.

Short-Term Borrowing. On October 22, 2014, Kansas City Southern International Investments, S.A. de C.V. ("KCSII"), a wholly-owned subsidiary of the Company, KCSR, and certain other subsidiaries of the Company that guaranty KCSR’s Second Amended and Restated Credit Agreement dated as of November 21, 2012 (together with the Company and KCSR, the “Guarantors”), entered into a Credit Agreement dated as of October 22, 2014 (the "KCSII Credit Agreement") with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as lender ("BTM"). Pursuant to the terms of the KCSII Credit Agreement, BTM agreed to extend credit in an aggregate principal amount of up to $300.0 million. KCSII borrowed $100.0 million on October 22, 2014, and borrowed an additional $200.0 million on December 15, 2014. The loans bear interest at weighted average rate of 1.49%. Repayment of each loan is due 90 days after each borrowing date of such loan, and each loan may be prepaid by KCSII with the prior written consent of the Lender. The proceeds of these loans were used to reduce commercial paper borrowings and for general corporate purposes. On January 22, 2015, KCSII repaid $100.0 million of this borrowing using available cash.