Long-Term Debt And Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Components of Debt

The following table summarizes the Company’s debt as of December 31, 2017 and 2016:

(in millions) December 31,	2017			2016
Current maturities of long-term debt consists of:
2.75% notes due December 2018
Principal amount	$	250.0		$	—
Other deferred financing costs associated with credit facilities	(0.6		)	—
Total current maturities of long-term debt	$	249.4		$	—
Long-term debt consists of:
2.75% notes due December 2018
Principal amount	—			$	250.0
Less debt issuance costs	—			(0.8		)
Carrying Value	—			$	249.2
4.45% notes due December 2023
Principal amount	$	300.0		$	300.0
Less debt issuance costs	(1.6		)	(1.9		)
Carrying Value	$	298.4		$	298.1
6.55% notes due November 2036
Principal Amount	$	200.0		$	200.0
Less unamortized discount	(0.6		)	(0.7		)
Less debt issuance costs	(1.3		)	(1.3		)
Carrying Value	$	198.1		$	198.0
Other deferred financing costs associated with credit facilities	$	(2.4	)	$	—
Total long-term debt	$	494.1		$	745.3

Capitalization of Long-Term Debt

(in millions) December 31,	2017
Current maturities of long-term debt	$	249.4
Long-term debt	494.1
Total indebtedness	743.5
Total shareholders’ equity	1,345.2
Capitalization	$	2,088.7
Total indebtedness to capitalization	36		%