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Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2016
Financing Arrangements  
Schedule of long-term debt

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

 

 

 

(in millions)

 

5.85% notes due April 2016

 

$

 —

 

$

225.0

 

5.05% notes due June 2020

 

 

75.0

 

 

75.0

 

Term Loan due February 2021

 

 

300.0

 

 

 —

 

Term Loan due December 2017

 

 

115.8

 

 

 —

 

Line of Credit matures February 2019

 

 

 —

 

 

275.0

 

Line of Credit matures February 2021

 

 

162.0

 

 

 —

 

Other—consists primarily of European borrowings (at interest rates ranging from 1.1% to 6.0%)

 

 

0.8

 

 

2.3

 

Total debt outstanding

 

 

653.6

 

 

577.3

 

Less debt issuance costs (deduction from debt liability)

 

 

(3.2)

 

 

(2.0)

 

Less current maturities

 

 

(139.1)

 

 

(1.1)

 

Total long-term debt

 

$

511.3

 

$

574.2