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INDEBTEDNESS (Tables) | 9 Months Ended
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Sep. 27, 2014
INDEBTEDNESS |
Schedule of debt activity (both current and non-current) |
|  | December 31, 2013 |  | Borrowings |  | Repayments |  | Other (5) |  | September 27, 2014 |
Domestic revolving loan facility |  | $ | — |  | $ | 367.0 |  | $ | (207.0 | ) | $ | — |  | $ | 160.0 |
Term loan (1) |  | 475.0 |  | 100.0 |  | — |  | — |  | 575.0 |
6.875% senior notes, due in August 2017 |  | 600.0 |  | — |  | — |  | — |  | 600.0 |
7.625% senior notes (2) |  | 500.0 |  | — |  | (500.0 | ) | — |  | — |
Trade receivables financing arrangement (3) |  | — |  | 80.0 |  | (11.0 | ) | — |  | 69.0 |
Other indebtedness (4) |  | 100.6 |  | 9.2 |  | (64.2 | ) | 4.1 |  | 49.7 |
Total debt |  | 1,675.6 |  | $ | 556.2 |  | $ | (782.2 | ) | $ | 4.1 |  | 1,453.7 |
Less: short-term debt |  | 26.9 |  |  |  |  |  |  |  | 264.2 |
Less: current maturities of long-term debt |  | 558.7 |  |  |  |  |  |  |  | 16.5 |
Total long-term debt |  | $ | 1,090.0 |  |  |  |  |  |  |  | $ | 1,173.0 |
(1) The term loan of $575.0 (which includes $100.0 drawn under the facility in the second quarter of 2014) 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) During the first quarter of 2014, we completed the redemption of all our 7.625% senior notes due in December 2014 for a total redemption price of $530.6. As a result of the redemption, we recorded a charge of $32.5 to “Loss on early extinguishment of debt” during the first quarter of 2014, which related to premiums paid to redeem the senior notes of $30.6, the write-off of unamortized deferred financing fees of $1.0, and other costs associated with the extinguishment of the senior notes of $0.9. (3) Under this arrangement, we can borrow, on a continuous basis, up to $80.0, as available. At September 27, 2014, we had $0.9 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $69.0. (4) Primarily included capital lease obligations of $14.5 and $73.0 and balances under purchase card programs of $29.3 and $25.4 at September 27, 2014 and December 31, 2013, respectively. During the first quarter of 2014, we purchased our corporate headquarters facility for cash consideration of $60.8, resulting in the extinguishment of the related capital lease obligation. (5) “Other” primarily includes debt assumed and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

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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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