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Lines of Credit and Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Outstanding debt obligations | The following tables summarize our outstanding debt obligations and their classification in the accompanying Consolidated Balance Sheets (in millions):
| As of December 31,
| 2022 |  | 2021
Current maturities of long-term debt: |  |  |
Asset securitization program | $ | 350.0 |  |  | $ | — |
Finance lease obligations | 11.2 |  |  | 11.3 |
Senior unsecured notes | 350.0 |  |  | — |
Debt issuance costs | (0.6) |  |  | — |
Total current maturities of long-term debt | $ | 710.6 |  |  | $ | 11.3 |
Long-Term Debt: |  |  |
Asset securitization program | $ | — |  |  | $ | 250.0 |
Finance lease obligations | 28.3 |  |  | 29.0 |
Credit agreement | 192.0 |  |  | 6.5 |
Senior unsecured notes | 600.0 |  |  | 950.0 |
Debt issuance costs | (6.1) |  |  | (9.0) |
Total long-term debt | $ | 814.2 |  |  | $ | 1,226.5 |
Total debt | $ | 1,524.8 |  |  | $ | 1,237.8 |
Aggregate amounts of required principal payments on total debt | As of December 31, 2022, the aggregate amounts of required principal payments on total debt excluding finance lease obligations (see Note 5) were as follows (in millions):
2023 | $ | 700.0 |
2024 | — |
2025 | 300.0 |
2026 | 192.0 |
2027 | 300.0 |
Thereafter | — |
Eligible amounts available and beneficial interests sold | The eligible amounts available and beneficial interests sold were as follows (in millions):
| As of December 31,
| 2022 |  | 2021
Eligible amount available under the ASP on qualified accounts receivable | $ | 350.0 |  |  | $ | 335.6 |
Less: Beneficial interest transferred | (350.0) |  |  | (250.0) |
Remaining amount available | $ | — |  |  | $ | 85.6 |
Summary of weighted average borrowing rate facility | Below is a summary of the weighted average interest rate for both December 31, 2022 and 2021:
| As of December 31,
| 2022 |  | 2021
Weighted average borrowing rate | 5.57 | % |  | 1.38 | %

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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