(10)INDEBTEDNESS

The following summarizes our debt activity (both current and non-current) for the three months ended March 28, 2015:

	December 31,										March 28,
	2014		Borrowings		Repayments			Other (4)			2015
Domestic revolving loan facility	$	133.0	196.0		(119.0		)	—			$	210.0
Term loan (1)	575.0		—		—			—			575.0
6.875% senior notes, due in August 2017	600.0		—		—			—			600.0
Trade receivables financing arrangement (2)	10.0		70.0		(25.0		)	—			55.0
Other indebtedness (3)	51.7		0.2		(4.5		)	(1.3		)	46.1
Total debt	1,369.7		$	266.2	$	(148.5	)	$	(1.3	)	1,486.1
Less: short-term debt	181.1										298.5
Less: current maturities of long-term debt	30.8										37.7
Total long-term debt	$	1,157.8									$	1,149.9

(1)

The term loan is repayable in quarterly installments of 5.0% annually, beginning with our second fiscal quarter of 2015, with the remaining balance repayable in full on December 23, 2018.

(2)

Under this arrangement, we can borrow, on a continuous basis, up to $80.0, as available. At March 28, 2015, we had $19.4 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $55.0.

(3)

Primarily included balances under a purchase card program of $28.4 and $32.1 and capital lease obligations of $12.6 and $13.6 at March 28, 2015 and December 31, 2014, respectively. The purchase card program allows for payment beyond the normal payment terms for goods and services acquired under the program. As this arrangement extends the payment of these purchases beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt.

(4)

“Other” primarily included debt assumed and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

Senior Credit Facilities

A detailed description of our senior credit facilities is included in our 2014 Annual Report on Form 10-K.

At March 28, 2015, we had $53.8 and $673.8, respectively, of outstanding letters of credit issued under our revolving credit and our foreign credit instrument facilities of our senior credit agreement. In addition, we had $6.8 of letters of credit outstanding under separate arrangements in China and India.

The weighted-average interest rate of outstanding borrowings under our senior credit facilities was approximately 1.7% at March 28, 2015.

At March 28, 2015, we were in compliance with all covenants of our senior credit facilities and our senior notes. Restrictions on our ability to repurchase shares or pay dividends are described in our 2014 Annual Report on Form 10-K.