Debt consists of the following:



	June 30, 2018		March 31, 2018
	(millions)
$300 million 2.125% Senior Notes^(a)	$	299.0	$	298.1
$300 million 2.625% Senior Notes^(b)	288.0		288.0
Borrowings outstanding under credit facilities	—		10.1
Total debt	587.0		596.2
Less: short-term debt and current portion of long-term debt	299.0		308.2
Long-term debt	$	288.0	$	288.0

^(a)

The carrying value of the 2.125% Senior Notes as of June 30, 2018 and March 31, 2018 reflects adjustments of $0.9 million and $1.6 million, respectively, associated with the Company's related interest rate swap contract (see Note 12). The carrying value of the 2.125% Senior Notes is also presented net of unamortized debt issuance costs and discount of $0.1 million and $0.3 million as of June 30, 2018 and March 31, 2018, respectively.

^(b)

The carrying value of the 2.625% Senior Notes as of June 30, 2018 and March 31, 2018 reflects adjustments of $11.0 million and $10.8 million, respectively, associated with the Company's related interest rate swap contract (see Note 12). The carrying value of the 2.625% Senior Notes is also presented net of unamortized debt issuance costs and discount of $1.0 million and $1.2 million as of June 30, 2018 and March 31, 2018, respectively.