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Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt  
Short-Term Debt (Table)

 

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2017

 

2016

 

 

 

(in millions)

 

Line of credit

 

$

39.5

 

$

51.4

 

​  

​  

​  

​  

Total short-term debt

 

$

39.5

 

$

51.4

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Long-Term Debt (Table)

 

                                                                                                                                                                                    

 

 

December 31, 2017

 

 

 

Principal

 

Net unamortized
discount,
premium and
debt issuance
costs

 

Carrying
amount

 

 

 

(in millions)

 

3.3% notes payable, due 2022

 

$

300.0

 

$

(1.9

)

$

298.1

 

3.125% notes payable, due 2023

 

 

300.0

 

 

(1.5

)

 

298.5

 

3.4% notes payable, due 2025

 

 

400.0

 

 

(3.5

)

 

396.5

 

3.1% notes payable, due 2026

 

 

350.0

 

 

(3.1

)

 

346.9

 

6.05% notes payable, due 2036

 

 

505.6

 

 

(2.7

)

 

502.9

 

4.625% notes payable, due 2042

 

 

300.0

 

 

(3.3

)

 

296.7

 

4.35% notes payable, due 2043

 

 

300.0

 

 

(3.4

)

 

296.6

 

4.3% notes payable, due 2046

 

 

300.0

 

 

(3.4

)

 

296.6

 

4.7% notes payable, due 2055

 

 

400.0

 

 

(5.0

)

 

395.0

 

Non-recourse mortgages and notes payable

 

 

49.0

 

 

1.6

 

 

50.6

 

​  

​  

​  

​  

​  

​  

Total long-term debt

 

$

3,204.6

 

$

(26.2

)

$

3,178.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

December 31, 2016

 

 

 

Principal

 

Net unamortized
discount,
premium and
debt issuance
costs

 

Carrying
amount

 

 

 

(in millions)

 

3.3% notes payable, due 2022

 

$

300.0

 

$

(2.2

)

$

297.8

 

3.125% notes payable, due 2023

 

 

300.0

 

 

(1.8

)

 

298.2

 

3.4% notes payable, due 2025

 

 

400.0

 

 

(3.9

)

 

396.1

 

3.1% notes payable, due 2026

 

 

350.0

 

 

(3.3

)

 

346.7

 

6.05% notes payable, due 2036

 

 

505.6

 

 

(2.7

)

 

502.9

 

4.625% notes payable, due 2042

 

 

300.0

 

 

(3.4

)

 

296.6

 

4.35% notes payable, due 2043

 

 

300.0

 

 

(3.4

)

 

296.6

 

4.3% notes payable, due 2046

 

 

300.0

 

 

(3.5

)

 

296.5

 

4.7% notes payable, due 2055

 

 

400.0

 

 

(5.0

)

 

395.0

 

Non-recourse mortgages and notes payable (1)

 

 

 

 

(0.7

)

 

(0.7

)

​  

​  

​  

​  

​  

​  

Total long-term debt

 

$

3,155.6

 

$

(29.9

)

$

3,125.7

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

  (1)          

Includes external debt issuance costs incurred for long-term affiliated debt issued in a foreign jurisdiction.

 

Future Annual Maturities of Long-Term Debt (Table)

        As of December 31, 2017, future annual maturities of long-term debt were as follows (in millions):

                                                                                                                                                                                    

Year ending December 31:

 

 

 

 

2018

 

$

 

2019

 

 

 

2020

 

 

 

2021

 

 

 

2022

 

 

298.2

 

Thereafter

 

 

2,880.2

 

​  

​  

Total future maturities of long-term debt

 

$

3,178.4

 

​  

​  

​  

​