Short-Term Borrowings and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Components of Short-Term Borrowings and Long-Term Debt

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

	June 30,			December 31,
	2017			2016
Short-term borrowings
Commercial paper issuances	$	627.2		$	420.0
Various debt due to international banks		2.1			6.8
Total short-term borrowings	$	629.3		$	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	)
Variable term loan due September 27, 2018		200.0			0.0
Debt issuance costs, net		(5.6	)		(6.5	)
Fair value adjustment asset (liability) related to hedged fixed rate debt instrument		0.0			0.2
Net long-term debt	$	894.1		$	693.4