Short-Term Borrowings and Long-Term Debt

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Short-term borrowings
Commercial paper issuances	$	582.2		$	420.0
Various debt due to international banks		3.5			6.8
Total short-term borrowings	$	585.7		$	426.8
Long-term debt
2.875% Senior notes due October 1, 2022	$	400.0		$	400.0
Less: Discount		(0.2	)		(0.2	)
2.45% Senior notes due December 15, 2019		300.0			300.0
Less: Discount		(0.1	)		(0.1	)
Debt issuance costs, net		(6.1	)		(6.5	)
Fair value adjustment related to hedged fixed rate debt instrument		(0.7	)		0.2
Net long-term debt	$	692.9		$	693.4