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INDEBTEDNESS | 6 Months Ended
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Jun. 29, 2019
Debt Disclosure [Abstract] |
INDEBTEDNESS | INDEBTEDNESS The following summarizes our debt activity (both current and non-current) for the six months ended June 29, 2019:
| December 31, 2018 |  | Borrowings |  | Repayments |  | Other(4) |  | June 29, 2019
Revolving loans | $ | 6.4 |  |  | $ | 101.6 |  |  | $ | (78.0 | ) |  | $ | — |  |  | $ | 30.0 |
Term loan(1) | 348.1 |  |  | — |  |  | (8.8 | ) |  | 0.3 |  |  | 339.6 |
Trade receivables financing arrangement(2) | 23.0 |  |  | 45.0 |  |  | (44.0 | ) |  | — |  |  | 24.0 |
Other indebtedness(3) | 4.3 |  |  | 3.1 |  |  | (0.4 | ) |  | 1.0 |  |  | 8.0 |
Total debt | 381.8 |  |  | $ | 149.7 |  |  | $ | (131.2 | ) |  | $ | 1.3 |  |  | 401.6 |
Less: short-term debt | 31.9 |  |  |  |  |  |  |  |  | 59.5 |
Less: current maturities of long-term debt | 18.0 |  |  |  |  |  |  |  |  | 14.1 |
Total long-term debt | $ | 331.9 |  |  |  |  |  |  |  |  | $ | 328.0 |
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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 $1.6 and $1.9 at June 29, 2019 and December 31, 2018, respectively.
(2) | Under this arrangement, we can borrow, on a continuous basis, up to $50.0, as available. At June 29, 2019, we had $10.5 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $24.0. 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 $2.6 and $2.5, capital lease obligations of $2.5 and $1.8, and borrowings under a line of credit in China of $2.9 and $0.0, at June 29, 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 June 29, 2019, we had $30.7 and $113.4 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 3.9% at June 29, 2019. At June 29, 2019, we were in compliance with all covenants of our senior credit agreement.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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