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Short-Term Borrowings and Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Components of Short-Term Borrowings and Long-Term Debt

Short-term borrowings and long-term debt consist of the following:

 

 

September 30,

 

 

December 31,

 

 

2014

 

 

2013

 

Short-term borrowings

 

 

 

 

 

 

 

Commercial paper issuances

$

400.0

 

 

$

150.0

 

Various debt due to international banks

 

4.1

 

 

 

3.8

 

Total short-term borrowings

$

404.1

 

 

$

153.8

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

2.875% Senior notes due October 1, 2022

$

400.0

 

 

$

400.0

 

Less: Discount

 

(0.3

)

 

 

(0.3

)

3.35% Senior notes due December 15, 2015

 

250.0

 

 

 

250.0

 

Less: Discount

 

(0.1

)

 

 

(0.2

)

Net long-term debt

$

649.6

 

 

$

649.5