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

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Components of Short-Term Borrowings and Long-Term Debt

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

	March 31,			December 31,
	2019			2018
Short-term borrowings
Commercial paper issuances	$	98.0		$	0.0
Various debt due to international banks		1.8			1.8
Total short-term borrowings	$	99.8		$	1.8
Long-term debt
Floating Rate Senior notes due January 25, 2019	$	0.0		$	300.0
2.45% Senior notes due December 15, 2019		300.0			300.0
2.45% Senior notes due August 1, 2022		300.0			300.0
Less: Discount		(0.2	)		(0.3	)
2.875% Senior notes due October 1, 2022		400.0			400.0
Less: Discount		(0.1	)		(0.1	)
3.15% Senior notes due August 1, 2027		425.0			425.0
Less: Discount		(0.4	)		(0.4	)
3.95% Senior notes due August 1, 2047		400.0			400.0
Less: Discount		(2.8	)		(2.8	)
Debt issuance costs, net		(12.5	)		(13.1	)
Fair value adjustment asset (liability) related to hedged fixed rate debt instrument		(1.9	)		(3.0	)
Total long-term debt		1,807.1			2,105.3
Less: current maturities		(297.7	)		(596.5	)
Net long-term debt	$	1,509.4		$	1,508.8