Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt

Schedule of Debt

	March 31, 2017				December 31, 2016
	Carrying		Approximate		Carrying		Approximate
	Amount		Fair Value		Amount		Fair Value
Revolving Credit Facility	$	—	$	—	$	—	$	—
Commercial Paper Program		1,247.1		1,247.1		1,018.9		1,018.9
1.55% Senior Notes due September 2017		374.9		375.1		374.9		375.4
2.55% Senior Notes due January 2019		749.6		757.5		749.5		758.3
3.125% Senior Notes due September 2021		374.8		381.8		374.8		380.4
4.00% Senior Notes due February 2022		499.4		528.0		499.4		523.7
Notes payable to foreign banks and other debt		2.8		2.8		5.5		5.5
Less deferred debt issuance costs		(11.4)		—		(12.3)		—
Total debt		3,237.2		3,292.3		3,010.7		3,062.2
Less current portion		375.1		375.3		375.2		375.7
Total long-term debt	$	2,862.1	$	2,917.0	$	2,635.5	$	2,686.5