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Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES - ABL Facility (Details)

v3.20.2
DEBT AND CREDIT FACILITIES - ABL Facility (Details)
$ in Millions
6 Months Ended
Jun. 30, 2020
USD ($)
Line of Credit Facility [Line Items] Ìý
Line of Credit Facility, Maximum Borrowing Capacity $ 2,000.0
Credit Facility Ìý
Line of Credit Facility [Line Items] Ìý
Sublimit for letters of credit 555.0
Sublimit for swingline loans 125.0
FILO Tranche Commitments 150.0
Available borrowing base on ABL Facility 1,652.1 [1]
Long-term Line of Credit (550.0)
Borrowing capacity available $ 903.6
Fixed Charge Coverage Ratio 1.0
Letter of Credit [Member] Ìý
Line of Credit Facility [Line Items] Ìý
Long-term Line of Credit $ (198.5) [2]
[1]
1 As of JuneÌý30, 2020, the ABL Facility has a maximum borrowing base of $2.0 billion. The available borrowing base is determined by applying customary advance rates to eligible accounts receivable, inventory and certain mobile equipment.
[2]
2 We issued standby letters of credit with certain financial institutions in order to support business obligations including, but not limited to, workers' compensation, employee severance, IRBs and environmental obligations.