Short-Term Borrowings and Long-Term Debt

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Short-Term Borrowings and Long-Term Debt

13. Short-Term Borrowings and Long-Term Debt

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

	September 30,			December 31,
	2015			2014
Short-term borrowings
Commercial paper issuances	$	25.0		$	143.3
Various debt due to international banks		0.0			3.4
Total short-term borrowings	$	25.0		$	146.7
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		0.0			(0.1	)
2.45% Senior notes due December 15, 2019		300.0			300.0
Less: Discount		(0.1	)		(0.2	)
Fair value adjustment related to hedged fixed rate debt instrument		6.4			(0.9	)
Total long-term debt		956.0			948.5
Less: current maturities		(250.0	)		(249.9	)
Net long-term debt	$	706.0		$	698.6