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FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Components of Short-term and Long-term Debt | The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
|  | Average interest rate as of |  |  |  | Carrying value as of
|  | September 30, 2018 |  | December 31, 2017 |  | Maturity |  | September 30, 2018 |  | December 31, 2017
Revolving credit facility (1) |  | — | % |  | 2.70 | % |  | December 2019 |  | $ | — |  |  | $ | 715,000 |
Senior Notes, Series A |  | 3.97 | % |  | 3.97 | % |  | August 2023 |  | 175,000 |  |  | 175,000 |
Senior Notes, Series B |  | 4.26 | % |  | 4.26 | % |  | August 2028 |  | 150,000 |  |  | 150,000 |
Senior Notes, Series C |  | 4.60 | % |  | 4.60 | % |  | August 2033 |  | 175,000 |  |  | 175,000 |
Receivables securitization facility (2) |  | 2.96 | % |  | 2.00 | % |  | April 2019 |  | 249,898 |  |  | 250,000 |
Senior Notes (2) |  | 4.20 | % |  | N/A |  |  | April 2028 |  | 591,405 |  |  | — |
Total debt |  |  |  |  |  |  |  | 1,341,303 |  |  | 1,465,000 |
Less: Current maturities and short-term borrowing |  |  |  |  |  |  |  | — |  |  | (715,000 | )
Long-term debt |  |  |  |  |  |  |  | $ | 1,341,303 |  |  | $ | 750,000 |
(1) There was no outstanding balance on the credit facility as of September 30, 2018. The average borrowing rate on the credit facility during the third quarter was 3.58 percent. The revolving credit facility was amended on October 24, 2018. The Amendment increases the amount of our revolving credit facility from $900 million to $1 billion and also extends the maturity date of the facility from December 31, 2019 to October 24, 2023. (2) Net of unamortized discounts and issuance costs.

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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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