Debt and Interest (Tables)

9 Months Ended

Sep. 30, 2015

Debt and Interest

Schedule of short-term debt obligations

	September 30		December 31
(millions)	2015		2014
Short-term debt
Commercial paper	$	686.8	$	887.8
Notes payable	35.6		62.1
Long-term debt, current maturities	286.7		754.9
Total	$	1,009.1	$	1,704.8

Schedule of long-term debt obligations including current maturities

	Maturity	September 30			December 31
(millions)	by year	2015			2014
Long-term debt
Description / Third Quarter 2015 Principal Amount
Seven year 2008 senior notes ($0 million)	2015	$	—		$	250.0
Three year 2012 senior notes ($0 million)	2015	—			499.4
Term loan ($275 million)	2016	275.0			399.7
Series B private placement senior euro notes (€175 million)	2016	196.1			217.7
Five year 2011 senior notes ($1.25 billion)	2016	1,247.8			1,245.3
Five year 2012 senior notes ($500 million)	2017	501.2			495.0
Three year 2015 senior notes ($300 million)	2018	299.9			—
Series A private placement senior notes ($250 million)	2018	251.1			249.3
Five year 2015 senior notes ($300 million)	2020	298.0			—
Ten year 2011 senior notes ($1.25 billion)	2021	1,243.5			1,242.7
Series B private placement senior notes ($250 million)	2023	249.1			249.0
Ten year 2015 senior euro notes (€575 million)	2025	639.2			—
Thirty year 2011 senior notes ($750 million)	2041	738.1			737.8
Capital lease obligations		5.4			9.3
Other		96.0			3.1
Total debt		6,040.4			5,598.3
Long-term debt, current maturities		(286.7		)	(754.9		)
Total long-term debt		$	5,753.7		$	4,843.4

Schedule of interest expense and interest income

	Third Quarter Ended						Nine Months Ended
	September 30						September 30
(millions)	2015			2014			2015			2014
Interest expense	$	61.6		$	66.1		$	190.3		$	202.0
Interest income	(4.0		)	(2.8		)	(9.0		)	(7.4		)
Interest expense, net	$	57.6		$	63.3		$	181.3		$	194.6