INDEBTEDNESS

The following summarizes our debt activity (both current and non-current) for the three months ended March 30, 2019:



	December 31, 2018		Borrowings		Repayments			Other⁽⁴⁾		March 30, 2019
Revolving loans	$	6.4	$	89.3	$	(60.1	)	$	—	$	35.6
Term loan⁽¹⁾	348.1		—		(4.4		)	0.2		343.9
Trade receivables financing arrangement⁽²⁾	23.0		40.0		(29.0		)	—		34.0
Other indebtedness⁽³⁾	4.3		3.0		(0.2		)	0.9		8.0
Total debt	381.8		$	132.3	$	(93.7	)	$	1.1	421.5
Less: short-term debt	31.9									75.0
Less: current maturities of long-term debt	18.0									14.2
Total long-term debt	$	331.9								$	332.3

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⁽¹⁾	The term loan is repayable in quarterly installments of 1.25% of the initial loan amount of $350.0, beginning in the first quarter of 2019, with the remaining balance payable in full on December 19, 2022. Balances are net of unamortized debt issuance costs of $1.7 and $1.9 at March 30, 2019 and December 31, 2018, respectively.


⁽²⁾	Under this arrangement, we can borrow, on a continuous basis, up to $50.0, as available. At March 30, 2019, we had $5.3 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $34.0. Borrowings under this arrangement are collateralized by eligible trade receivables of certain of our businesses.

⁽³⁾

Primarily includes balances under a purchase card program of $2.5 and $2.5, capital lease obligations of $2.5 and $1.8, and borrowings under a line of credit in China of $3.0 and $0.0, at March 30, 2019 and December 31, 2018, respectively. The purchase card program allows for payment beyond the normal payment terms for goods and services acquired under the program. As this arrangement extends the payment of these purchases beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt.


⁽⁴⁾	“Other” primarily includes debt assumed, foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar, and the impact of amortization of debt issuance costs associated with the term loan.

Senior Credit Facilities

A detailed description of our senior credit facilities is included in our 2018 Annual Report on Form 10-K.

At March 30, 2019, we had $30.7 and $116.0 of outstanding letters of credit issued under our revolving credit and our foreign credit instrument facilities of our senior credit agreement, respectively.

The weighted-average interest rate of outstanding borrowings under our senior credit agreement was approximately 4.0% at March 30, 2019.

At March 30, 2019, we were in compliance with all covenants of our senior credit agreement.