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Debt and Credit Facilities | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Debt and Credit Facilities | Debt and Credit Facilities Our total debt outstanding consisted of:
(In millions) |  | March 31, 2018 |  | December 31, 2017
Short-term borrowings(1) |  | $ | 155.7 |  |  | $ | 25.3 |
Current portion of long-term debt |  | 1.6 |  |  | 2.2 |
Total current debt |  | 157.3 |  |  | 27.5 |
Term Loan A due July 2019 |  | 225.0 |  |  | 222.7 |
6.50% Senior Notes due December 2020 |  | 423.7 |  |  | 423.6 |
4.875% Senior Notes due December 2022 |  | 420.6 |  |  | 420.4 |
5.25% Senior Notes due April 2023 |  | 420.6 |  |  | 420.4 |
4.50% Senior Notes due September 2023 |  | 488.7 |  |  | 474.3 |
5.125% Senior Notes due December 2024 |  | 420.9 |  |  | 420.7 |
5.50% Senior Notes due September 2025 |  | 396.7 |  |  | 396.7 |
6.875% Senior Notes due July 2033 |  | 445.4 |  |  | 445.4 |
Other |  | 6.3 |  |  | 6.3 |
Total long-term debt, less current portion(3) |  | 3,247.9 |  |  | 3,230.5 |
Total debt(2) |  | $ | 3,405.2 |  |  | $ | 3,258.0 |
(1) | Short-term borrowings of $155.7 million at March 31, 2018 are comprised of $91.4 million under our European securitization program and $64.3 million of short term borrowings from various lines of credit. Short-term borrowings of $25.3 million at December 31, 2017 were comprised $2.1 million of Diversey accounts payable obligations under financing arrangements which Sealed Air was fully reimbursed for as part of the sale of Diversey as well as $23.2 million of short-term borrowings from various lines of credit.
(2) | As of March 31, 2018, our weighted average interest rate on our short-term borrowings outstanding was 1.8% and on our long-term debt outstanding was 5.3%. As of December 31, 2017, our weighted average interest rate on our short-term borrowings outstanding was 5.4% and on our long-term debt outstanding was 5.3%.
(3) | Amounts are net of unamortized discounts and issuance costs of $28.1 million as March 31, 2018 and $29.5 million as of December 31, 2017.
Lines of Credit The following table summarizes our available lines of credit and committed and uncommitted lines of credit, including the Revolving Credit Facility discussed above, and the amounts available under our accounts receivable securitization programs.
(In millions) |  | March 31, 2018 |  | December 31, 2017
Used lines of credit(1) |  | $ | 155.7 |  |  | $ | 23.2 |
Unused lines of credit |  | 942.3 |  |  | 1,108.6 |
Total available lines of credit(2) |  | $ | 1,098.0 |  |  | $ | 1,131.8 |
(1) | Includes total borrowings under the accounts receivable securitization programs, the revolving credit facility and borrowings under lines of credit available to several subsidiaries.
(2) | Of the total available lines of credit, $852.7 million was committed as of March 31, 2018.
Covenants Each issue of our outstanding senior notes imposes limitations on our operations and those of specified subsidiaries. The Second Amended and Restated Syndicated Credit Facility (“Amended Credit Facility”) contains customary affirmative and negative covenants for credit facilities of this type, including limitations on our indebtedness, liens, investments, restricted payments, mergers and acquisitions, dispositions of assets, transactions with affiliates, amendment of documents and sale leasebacks, and a covenant specifying a maximum permitted ratio of Consolidated Net Debt to Consolidated EBITDA (as defined in the Amended Credit Facility). We were in compliance with the above financial covenants and limitations at March 31, 2018.

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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 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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