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Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Total debt as of December 31 consisted of the following:
As of December 31, 2015 (In millions)
Principal Amount
 
Unamortized discount and debt issuance cost
 
Net debt
Senior term loan due 2022
$
550.0

 
$
8.6

 
$
541.4

5.250% senior notes due 2023
600.0

 
8.3

 
591.7

Other debt
13.5

 

 
13.5

Total debt
$
1,163.5

 
$
16.9

 
$
1,146.6

Less short-term and current portion of long-term debt
18.6

 

 
18.6

Long-term debt
$
1,144.9

 
$
16.9

 
$
1,128.0


As of December 31, 2014 (In millions)
Principal Amount
 
Unamortized discount and debt issuance cost(1)
 
Net debt
7.500% debentures due 2015
$
48.7

 
$
0.1

 
$
48.6

Revolving credit facility due 2018
45.0

 

 
45.0

7.375% senior notes due 2020
316.6

 
3.6

 
313.0

5.250% senior notes due 2023
600.0

 
9.5

 
590.5

Other debt
13.5

 

 
13.5

Total debt
$
1,023.8

 
$
13.2

 
$
1,010.6

Less short-term and current portion of long-term debt
61.8

 
0.1

 
61.7

Long-term debt
$
962.0

 
$
13.1

 
$
948.9


(1)
Prior to the adoption of ASU 2015-03, debt issuance costs of $0.1 million and $13.1 million were previously reflected in the Consolidated Balance Sheets as other current assets and other non-current assets, respectively.
Schedule of Maturities of Long-term Debt
Aggregate maturities of the principal amount of debt for the next five years and thereafter are as follows:
(In millions)
 
 
2016
 
$
18.6

2017
 
5.5

2018
 
5.6

2019
 
5.6

2020
 
5.6

Thereafter
 
1,122.6

Aggregate maturities
 
$
1,163.5