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INDEBTEDNESS (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Total Indebtedness

				March 31,			December 31,
				2015			2014
Notes Payable:
	6.06% Series 2007-1 Notes due 2017			$	300.0		$	300.0
	5.50% 2010 Senior Notes, due 2020, net of unamortized discount of $1.9 million in 2015 and $2.0 million in 2014; also includes a fair value adjustment on an interest rate hedge of $13.0 million in 2015 and $5.8 million in 2014				511.1			503.8
	4.50% 2012 Senior Notes, due 2022, net of unamortized discount of $3.0 million in 2015 and $3.1 million in 2014				497.0			496.9
	4.875% 2013 Senior Notes, due 2024, net of unamortized discount of $2.5 million in both 2015 and 2014				497.5			497.5
	2.75% 2014 Senior Notes (5-Year), due 2019, net of unamortized discount of $0.6 million in 2015 and $0.7 million in 2014; also includes a fair value adjustment on an interest rate hedge of $4.7 million in 2015 and $1.4 million in 2014				454.1			450.7
	5.25% 2014 Senior Notes (30-Year), due 2044, net of unamortized discount of $1.6 million in 2015 and 2014				298.4			298.4
	1.75% 2015 Senior Notes, due 2027				537.0			-

Total long-term debt				$	3,095.1		$	2,547.3

Summary of Components of Interest as Presented in Consolidated Statements of Operations

		Three Months Ended
		March 31,
		2015			2014
Income		$	1.9		$	1.6
Expense on borrowings			(28.3)			(26.1)
UTPs and other tax related liabilities ⁽¹⁾			(3.2)			0.6
Capitalized			0.3			0.1
Total		$	(29.3)		$	(23.8)

⁽¹⁾ The three months ended March 31, 2014 amount includes a $2.0 million reversal of an interest accrual relating to the favorable resolution of an international tax matter.

Interest Paid

							Three Months Ended
							March 31,
							2015			2014
Interest paid							$	48.2		$	54.2

Fair Value and Carrying Value of Long-Term Debt

	March 31, 2015						December 31, 2014
	Carrying Amount			Estimated Fair Value			Carrying Amount			Estimated Fair Value
Series 2007-1 Notes	$	300.0		$	335.6		$	300.0		$	334.6
2010 Senior Notes		511.1			571.1			503.8			564.4
2012 Senior Notes		497.0			545.2			496.9			537.1
2013 Senior Notes		497.5			557.9			497.5			548.4
2014 Senior Notes (5-Year)		454.1			460.3			450.7			454.3
2014 Senior Notes (30-Year)		298.4			340.5			298.4			333.9
2015 Senior Notes		537.0			552.9			-			-
Total	$	3,095.1		$	3,363.5		$	2,547.3		$	2,772.7