Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Instruments [Abstract]

Schedule of short-term debt and current portion of long-term debt

Short-term debt and current portion of long-term debt—Short-term debt and current portion of long-term debt consisted of the following:

	December 31,
(In millions)	2017		2016
Convertible bonds due 2017	$	—	$	524.5
Bank borrowings	48.9		138.8
Other	28.2		20.3
Total short-term debt and current portion of long-term debt	$	77.1	$	683.6

Schedule of long-term debt

Long-term debt—Long-term debt consisted of the following:

	December 31,
(In millions)	2017			2016
Revolving credit facility	$	—		$	—
Bilateral credit facilities	—			—
Commercial paper (1)	1,450.4			210.8
Synthetic bonds due 2021	502.4			431.8
Convertible bonds due 2017	—			524.5
3.45% Senior Notes due 2022	500.0			—
5.00% Notes due 2020	239.9			210.8
3.40% Notes due 2022	179.9			158.1
3.15% Notes due 2023	155.9			137.0
3.15% Notes due 2023	149.9			131.8
4.00% Notes due 2027	89.9			79.1
4.00% Notes due 2032	119.9			105.4
3.75% Notes due 2033	119.9			105.4
Bank borrowings	332.5			452.1
Other	28.2			20.3
Unamortized debt issuance costs and discounts	(13.8		)	(14.2		)
Total debt	3,855.0			2,552.9
Less: current borrowings	(77.1		)	(683.6		)
Long-term debt	$	3,777.9		$	1,869.3

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⁽¹⁾ At December 31, 2017 and 2016, committed credit available under our revolving credit facility provided the ability to refinance our commercial paper obligations on a long-term basis.

Schedule of maturities of long-term debt

Maturities of debt as of December 31, 2017, are payable as follows:

	Payments Due by Period
(In millions)	Total payments		Less than 1 year		1-3 years		3-5 years		After 5 years
Total debt	$	3,855.0	$	77.1	$	1,972.9	$	1,179.0	$	626.0