Financing (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Components of Debt

Our debt as of December 31, 2019 and 2018 consisted of the following:

(in millions) December 31,	2019			2018
Commercial paper	$	149.4		$	—
4.45% notes due December 2023	298.9			298.6
6.55% notes due November 2036	198.3			198.2
4.20% notes due March 2048	346.1			345.9
Syndicated loan facility	—			81.4
Building loan facility	—			26.7
Other deferred financing costs associated with credit facilities	(1.3		)	(1.6		)
Total long-term debt	$	842.0		$	949.2
Current maturities of long-term debt	—			(6.9		)
Long-term debt, less current maturities	$	842.0		$	942.3
Debt discounts and debt issuance costs totaled $6.7 as of each of December 31, 2019 and 2018, and have been netted against the aggregate principal amounts of the related debt in the components of the debt table above.

Capitalization of Long-Term Debt

(in millions)
Commercial paper	$	149.4
Long-term debt	842.0
Total indebtedness	991.4
Total shareholders’ equity	1,473.7
Capitalization	$	2,465.1
Total indebtedness to capitalization	40.2		%