LONG-TERM DEBT AND NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of long-term debt outstanding

Long-term debt consisted of the following:

($ Millions)	September 30, 2014			December 31, 2013
5.368% Notes, due December 1, 2015	$	80.0		$	80.0
5.20% Notes, due January 15, 2020	40.0			40.0
3.86% Notes, due December 21, 2021	50.0			50.0
5.70% Notes, due January 15, 2035	34.8			34.9
5.90% Notes, due January 15, 2037	45.0			45.0
Revolving credit facility	16.0			50.0
Total debt	265.8			299.9
Less: current portion	(16.0		)	(50.0		)
Total long-term debt	$	249.8		$	249.9

Schedule of maturities of long-term debt by fiscal year

The aggregate maturities of the Company’s long-term debt for the next five years are as follows:

Years ending September 30, ($ Millions)
2015	2016	2017	2018	2019	2020 and beyond
$0.0	$80.0	$0.0	$0.0	$16.0	$169.8

Short-term borrowings

The following is a summary of information relating to the Company credit facility:

($ Millions)	September 30, 2014			December 31, 2013
	2014 and 2012 Facilities			(October 2012 Facility)
Maximum amount outstanding at any month-end	$	55.0		$	75.0
Average daily amount outstanding	13.7			35.0
Weighted average interest rates based on:
Average daily amount outstanding	1.30		%	1.12		%
Amount outstanding at year-end	1.16		%	1.26		%