Long-term Debt Long-term Debt (Notes)

6 Months Ended

Dec. 31, 2016

The Company has fixed-rate notes with 5-year and 10-year maturities for an aggregate principal amount of $2.0 billion (collectively the “Notes”). The Notes are senior unsecured obligations, and interest is payable in arrears, semi-annually.

The principal amounts and associated effective interest rates of the Notes and other debt as of December 31, 2016 and June 30, 2016, are as follows:



Debt instrument	Effective Interest Rate	December 31, 2016			June 30, 2016
Fixed-rate 2.250% notes due September 15, 2020	2.37%	$	1,000.0		$	1,000.0
Fixed-rate 3.375% notes due September 15, 2025	3.47%	1,000.0			1,000.0
Other		21.4			22.3
		2,021.4			2,022.3
Less: current portion		(7.8		)	(2.5		)
Less: unamortized discount and debt issuance costs		(11.1		)	(12.1		)
Total long-term debt		$	2,002.5		$	2,007.7

The effective interest rates for the Notes include the interest on the Notes and amortization of the discount and debt issuance costs.

As of December 31, 2016, the fair value of the Notes, based on Level 2 inputs, was $2,028.5 million. For a description of the fair value hierarchy and the Company's fair value methodologies, including the use of an independent third-party service, see Note 1 "Summary of Significant Accounting Policies" in the Company's Annual Report on Form 10-K for fiscal 2016.