Financing (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Components Of Debt

The following table summarizes the Company’s long-term debt as of March 31, 2018 and December 31, 2017:

(in millions)	March 31, 2018			December 31, 2017
3-year term loan credit agreement	$	199.1		$	—
Syndicated loan facility (€59 million principal value)	71.5			—
Building loan facility (€22 million principal value)	27.6			—
4.45% notes due December 2023	298.4			298.4
6.55% notes due November 2036	198.1			198.1
4.20% notes due March 2048	345.8			—
Other deferred financing costs associated with credit facilities	(2.0		)	(2.4		)
Total long-term debt (a)	$	1,138.5		$	494.1
(a) Debt discounts and debt issuance costs totaled $8.8 and $3.5 as of March 31, 2018 and December 31, 2017, respectively, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above.

The following table summarizes the Company’s short-term borrowings as of March 31, 2018 and current maturities of long-term debt as of December 31, 2017:

(in millions)	March 31, 2018		December 31, 2017
Commercial paper	$	272.7	$	—
2.75% notes due December 2018	—		250.0
Other deferred financing costs associated with credit facilities	—		(0.6		)
Total short-term borrowings and current maturities of long-term debt	$	272.7	$	249.4