Table:
|  |  |  | Payments Due By Period |  |  |
| --- | --- | --- | --- | --- | --- |
| (Dollars in Millions) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years |
| Capital Leases | $1.7 | $0.6 | $0.9 | $0.2 | $— |
| Operating Leases | 34.2 | 7.8 | 10.5 | 7.5 | 8.4 |
| Debt (1) | 295.5 | 15.7 | 28.8 | 247.7 | 3.3 |
| Estimated Interest on Debt (2) | 46.8 | 11.7 | 20.7 | 14.2 | 0.2 |
| Deferred Compensation | 8.5 | 1.2 | 3.2 | 1.6 | 2.5 |
| Total | $386.7 | $37.0 | $64.1 | $271.2 | $14.4 |
Paragraphs:
Contractual Obligations
The following table summarizes contractual obligations and commitments, as of April 27, 2019:
(1) Assumes the outstanding borrowings under the revolving credit facility will be repaid upon maturity of the credit agreement in September 2023.
(2) Amounts represent estimated contractual interest payments on outstanding debt. Interest rates in effect as of April 27, 2019 are used for floating-rate debt.
We enter into agreements with suppliers to assist us in meeting our customers' production needs. These agreements vary as to duration and quantity commitments. Historically, most have been short-term agreements, which do not provide for minimum purchases, or are requirements-based contracts.
Question:
Why does the company enter into agreements with suppliers?
Answer: to assist us in meeting our customers' production needs.