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INDEBTEDNESS | 9 Months Ended
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Sep. 28, 2013
INDEBTEDNESS |
INDEBTEDNESS | (10) INDEBTEDNESS The following summarizes our debt activity (both current and non-current) for the nine months ended September 28, 2013:
|  | December 31, |  |  |  |  |  |  |  | September 28, |
|  | 2012 |  | Borrowings |  | Repayments |  | Other (4) |  | 2013 |
Domestic revolving loan facility |  | $ | — |  | $ | 287.0 |  | $ | (287.0 | ) | $ | — |  | $ | — |
Term loan (1) |  | 475.0 |  | — |  | — |  | — |  | 475.0 |
6.875% senior notes, maturing in August 2017 |  | 600.0 |  | — |  | — |  | — |  | 600.0 |
7.625% senior notes, maturing in December 2014 |  | 500.0 |  | — |  | — |  | — |  | 500.0 |
Trade receivables financing arrangement (2) |  | — |  | 35.0 |  | (35.0 | ) | — |  | — |
Other indebtedness (3) |  | 117.0 |  | 3.0 |  | (12.7 | ) | 4.5 |  | 111.8 |
Total debt |  | 1,692.0 |  | $ | 325.0 |  | $ | (334.7 | ) | $ | 4.5 |  | 1,686.8 |
Less: short-term debt |  | 33.4 |  |  |  |  |  |  |  | 29.7 |
Less: current maturities of long-term debt |  | 8.7 |  |  |  |  |  |  |  | 98.4 |
Total long-term debt |  | $ | 1,649.9 |  |  |  |  |  |  |  | $ | 1,558.7 |
(1) The term loan of $475.0 is repayable in quarterly installments (with annual aggregate repayments, as a percentage of the initial principal amount of $500.0, of 15% for 2014 and 20% for 2015, together with a single quarterly payment of 5% at the end of the first fiscal quarter of 2016), with the remaining balance repayable in full on June 30, 2016. (2) As of September 28, 2013, we could borrow under this arrangement, on a continuous basis, up to $80.0, as available. At September 28, 2013, we had $42.6 of available borrowing capacity under this facility. (3) Primarily included capital lease obligations of $75.6 and $82.3, and balances under purchase card programs of $27.6 and $27.9 at September 28, 2013 and December 31, 2012, respectively. (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 2012 Annual Report on Form 10-K. At September 28, 2013, we had $61.3 and $675.2, 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 $6.7 of letters of credit outstanding under separate arrangements in China and India. The weighted-average interest rate of our outstanding borrowings under our senior credit facilities was approximately 2.3% at September 28, 2013. At September 28, 2013, 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 2012 Annual Report on Form 10-K.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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