Short-Term Borrowings and Long-Term Debt

3 Months Ended

Mar. 31, 2016

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:

	March 31,			December 31,
	2016			2015
Short-term borrowings
Commercial paper issuances	$	445.0		$	354.5
Various debt due to international banks		6.3			2.7
Total short-term borrowings	$	451.3		$	357.2
Long-term debt
2.875% Senior notes due October 1, 2022	$	400.0		$	400.0
Less: Discount		(0.2	)		(0.3	)
2.45% Senior notes due December 15, 2019		300.0			300.0
Less: Discount		(0.1	)		(0.1	)
Debt issuance costs, net		(7.7	)		(8.1	)
Fair value adjustment related to hedged fixed rate debt instrument		7.8			1.3
Net long-term debt	$	699.8		$	692.8