Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt, including current maturites

Long-term debt as of December 31, 2016 and 2015, respectively, consisted of the following:

(in millions)	December 31, 2016 Stated Interest Rate	December 31, 2016 Effective Interest Rate	Maturity Date	December 31, 2016 Stated Value			Combination Fair Market Value Adjustment		Discount on Notes Issuance			December 31, 2016 Carrying Value			December 31, 2015 Stated Value			Combination Fair Market Value Adjustment		Discount on Notes Issuance			December 31, 2015 Carrying Value
Unsecured notes	3.75% - 5.63%	4.73%	2021- 2043	2,750.0			—		(8.0		)	2,742.0			2,750.0			—		(9.1		)	2,740.9
Unsecured debentures	7.30% - 7.38%	7.08%	2018- 2028	236.1			1.9		—			238.0			236.1			2.4		—			238.5
Term loan	Libor plus 1.25%	Variable	2021	720.0			—		—			720.0			760.0			—		—			760.0
Capital leases	3.03% - 4.83%	3.52%	2019- 2030	65.7			—		—			65.7			19.8			—		—			19.8
Consolidated related party debt(a)	Libor plus 1.125%	Variable	2017 (c)	53.7			—		—			53.7			53.6			—		—			53.6
Other(b)	2.50% - 9.00%	4.70%	2017- 2023	(1.3		)	—		—			(1.3		)	(1.6		)	—		—			(1.6		)
Total long-term debt				3,824.2			1.9		(8.0		)	3,818.1			3,817.9			2.4		(9.1		)	3,811.2
Less current portion				39.3			0.5		(1.0		)	38.8			42.3			0.4		(1.0		)	41.7
Total long-term debt, less current maturities				$	3,784.9		$	1.4	$	(7.0	)	$	3,779.3		$	3,775.6		$	2.0	$	(8.1	)	$	3,769.5

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(a) For further discussion of this transaction, see Note 16 of our Notes to Consolidated Financial Statements.

(b) Includes deferred financing fees related to our long term debt retroactively reclassified to 2015. For further discussion, see Note 3 of our Notes to Consolidated Financial Statements.

(c) Debt expected to be refinanced during 2017.

Scheduled maturities of long-term debt

Scheduled maturities of long-term debt are as follows for the periods ending December 31:

(in millions)
2017	$	38.8
2018	128.8
2019	60.0
2020	74.5
2021	974.8
Thereafter	2,541.2
Total	$	3,818.1