(10) INDEBTEDNESS

The following summarizes our debt activity (both current and non-current) for the nine months ended September 27,

2014:

	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.

Senior Credit Facilities

A detailed description of our senior credit facilities is included in our 2013 Annual Report on Form 10-K.

At September 27, 2014, we had $54.2 and $693.8, 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 $5.9 of letters of credit outstanding under separate arrangements in China and India.

The weighted-average interest rate of outstanding borrowings under our senior credit facilities was approximately 1.6% at September 27, 2014.

At September 27, 2014, 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 2013 Annual Report on Form 10-K.