Long-Term Debt and Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Components Of Debt

The following table summarizes the Company’s debt as of June 30, 2016 and December 31, 2015:

(in millions)	June 30, 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)	(1.0		)	(1.2		)
Carrying Value	$	249.0		$	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)	(1.3		)	(1.4		)
Carrying Value	$	198.0		$	197.9
Total long-term debt	$	745.0		$	744.6
Short-term borrowings consists of:
Commercial paper	$	100.9		$	49.0
Other	—			0.6
Total short-term borrowings	$	100.9		$	49.6