Long-Term Debt And Notes Payable (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Components of Debt

The following table summarizes the Company’s debt as of December 31, 2015 and 2014:

(in millions)	December 31, 2015		December 31, 2014
Long-term debt consists of:
2.75% notes due 2018	$	250.0	$	250.0
4.45% notes due 2023	300.0		300.0
6.55% notes due 2036	199.3		1,199.2
Total long-term debt	$	749.3	$	749.2
Short-term borrowings consists of:
Revolving credit facility	$	—	$	100.0
Commercial paper	49.0		—
Other	0.6		0.8
Total short-term borrowings	$	49.6	$	100.8

Capitalization of Long-Term Debt

(in millions) December 31,	2015
Short-term borrowings	$	49.6
Long-term debt	749.3
Total indebtedness	$	798.9
Total indebtedness	$	798.9
Total shareholders’ equity	1,139.4
Capitalization	$	1,938.3
Total indebtedness to capitalization	41		%