Debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt and Average Interest Rates on Debt Outstanding

Debt and the average interest rates on debt outstanding were as follows:

In millions	Average interest rate at September 30, 2016	Maturity Year	September 30, 2016			December 31, 2015
Commercial paper	1.755%	2019	$	454.3		$	179.5
Revolving credit facilities	2.022%	2019	615.5			1,181.4
Senior notes - fixed rate	1.875%	2017	350.0			350.0
Senior notes - fixed rate	2.900%	2018	500.0			500.0
Senior notes - fixed rate	2.650%	2019	250.0			250.0
Senior notes - fixed rate - Euro	2.450%	2019	560.8			548.4
Senior notes - fixed rate	3.625%	2020	400.0			400.0
Senior notes - fixed rate	5.000%	2021	500.0			500.0
Senior notes - fixed rate	3.150%	2022	550.0			550.0
Senior notes - fixed rate	4.650%	2025	250.0			250.0
Unamortized debt issuance costs and discounts	N/A	N/A	(19.3		)	(23.5		)
Total debt			4,411.3			4,685.8
Less: Current maturities and short-term borrowings			—			—
Long-term debt			$	4,411.3		$	4,685.8

Debt Outstanding Matures on Calendar Year Basis

Debt outstanding, excluding unamortized issuance costs and discounts, at September 30, 2016 matures on a calendar year basis as follows:

	Q4
In millions	2016		2017		2018		2019		2020		2021		Thereafter		Total
Contractual debt obligation maturities	$	—	$	—	$	500.0	$	2,230.6	$	400.0	$	500.0	$	800.0	$	4,430.6