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

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Components of Short-Term Borrowings and Long-Term Debt

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

	December 31,			December 31,
	2017			2016
Short-term borrowings
Commercial paper issuances	$	268.7		$	420.0
Various debt due to international banks		2.2			6.8
Total short-term borrowings	$	270.9		$	426.8
Long-term debt
Floating Rate Senior notes due January 25, 2019	$	300.0		$	0.0
2.45% Senior notes due December 15, 2019		300.0			300.0
Less: Discount		(0.1	)		(0.1	)
2.45% Senior notes due August 1, 2022		300.0			0.0
Less: Discount		(0.3	)		0.0
2.875% Senior notes due October 1, 2022		400.0			400.0
Less: Discount		(0.2	)		(0.2	)
3.15% Senior notes due August 1, 2027		425.0			0.0
Less: Discount		(0.4	)		0.0
3.95% Senior notes due August 1, 2047		400.0			0.0
Less: Discount		(2.9	)		0.0
Debt issuance costs, net		(15.5	)		(6.5	)
Fair value adjustment related to hedged fixed rate debt instrument		(2.2	)		0.2
Net long-term debt	$	2,103.4		$	693.4