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Long-Term Debt and Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Components Of Debt
The following table summarizes the Company’s debt as of March 31, 2016 and December 31, 2015:
(in millions)
March 31,
2016
 
December 31,
2015
Long-term debt consists of:
 
 
 
2.75% notes due 2018
 
 
 
Principal amount
$
250.0

 
$
250.0

Less debt issuance costs (See Note 1)
(1.1
)
 
(1.2
)
Carrying Value
$
248.9

 
$
248.8

 
 
 
 
4.45% notes due 2023
 
 
 
Principal amount
$
300.0

 
$
300.0

Less debt issuance costs (See Note 1)
(2.0
)
 
(2.1
)
Carrying Value
$
298.0

 
$
297.9

 
 
 
 
6.55% notes due 2036
 
 
 
Principal Amount
$
200.0

 
$
200.0

Less unamortized discount
(0.7
)
 
(0.7
)
Less debt issuance costs (See Note 1)
(1.4
)
 
(1.4
)
Carrying Value
$
197.9

 
$
197.9

 
 
 
 
Total long-term debt
$
744.8

 
$
744.6

 
 
 
 
Short-term borrowings consists of:
 
 
 
Commercial paper
$
77.5

 
$
49.0

Other
0.6

 
0.6

Total short-term borrowings
$
78.1

 
$
49.6