Debt and Other Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	Effective Interest Rate at December 31,		December 31,		December 31,
(Dollars in millions)	2015		2015		2014
Commercial Paper	1.14	%	$	49.6	$	—
Term Loan			—		1,275.0
4.40% 5-Year Senior Notes, Due 3/1/2015			—		500.0
3.20% 5-Year Senior Notes, Due 5/1/2015			—		450.0
5.00% 10-Year Senior Notes, Due 6/1/2015			—		250.0
3.50% 5-Year Senior Notes, Due 1/15/2016			—		400.0
3.20% 5-Year Senior Notes, Due 3/1/2016			—		900.0
2.25% 5-Year Senior Notes, Due 8/15/2016	2.29	%	1,000.0		1,000.0
1.30% 3-Year Senior Notes, Due 2/1/2017	0.91	%	900.0		900.0
1.85% 5-Year Senior Notes, Due 1/15/2018	1.85	%	500.0		500.0
2.15% 3-Year Senior Notes, Due 12/14/2018	2.15	%	450.0		—
2.40% 5-Year Senior Notes, Due 2/1/2019	2.44	%	900.0		900.0
6.00% 10-Year Senior Notes, Due 3/1/2020	2.98	%	750.0		750.0
4.70% 10-Year Senior Notes, Due 5/1/2020	3.34	%	300.0		300.0
1.50% 5-Year Senior Notes, Due 12/1/2020 (euro-denominated)	1.51	%	461.6		—
5.00% 10-Year Senior Notes, Due 1/15/2021	3.25	%	400.0		400.0
4.50% 10-Year Senior Notes, Due 3/1/2021	3.12	%	1,000.0		1,000.0
3.60% 10-Year Senior Notes, Due 8/15/2021	2.89	%	1,100.0		1,100.0
3.30% 7-Year Senior Notes, Due 2/15/2022	3.30	%	800.0		800.0
2.15% 7-Year Senior Notes, Due 7/21/2022 (euro-denominated)	2.18	%	543.1		—
3.15% 10-Year Senior Notes, Due 1/15/2023	3.21	%	800.0		800.0
4.15% 10-Year Senior Notes, Due 2/1/2024	4.07	%	1,000.0		1,000.0
2.00% 10-Year Senior Notes, Due 4/15/2025 (euro-denominated)	2.03	%	695.2		774.3
3.65% 10-Year Senior Notes, Due 12/15/2025	3.67	%	350.0		—
5.30% 30-Year Senior Notes, Due 2/1/2044	5.30	%	400.0		400.0
Other			16.3		23.2
Total Borrowings at Par Value			12,415.8		14,422.5
Fair Value Hedge Accounting Adjustments			6.2		(0.5		)
Unamortized Premium, Net			104.7		142.0
Total Borrowings at Carrying Value			12,526.7		14,564.0
Less: Short-term Obligations and Current Maturities			1,052.8		2,212.4
Long-term Obligations			$	11,473.9	$	12,351.6

Schedule of Maturities of Long-term Debt [Table Text Block]

As of December 31, 2015, the annual repayment requirements for debt obligations are as follows:

(In millions)
2016	$	1,053.0
2017	902.2
2018	952.2
2019	901.9
2020	1,513.6
2021 and Thereafter	7,092.9
	$	12,415.8

Schedule of Derivative Instruments [Table Text Block]

The following table summarizes the outstanding interest rate swap arrangements on the company's senior notes at December 31, 2015:

	Aggregate Notional Amount			Pay Rate as of
(Dollars in millions)			Pay Rate	December 31, 2015		Receive Rate
1.30% Senior Notes due 2017	$	900.0	1-month LIBOR + 0.6616%	0.9054	%	1.30	%
4.70% Senior Notes due 2020	300.0		1-month LIBOR + 3.1560%	3.3998	%	4.70	%
4.50% Senior Notes due 2021	1,000.0		1-month LIBOR + 2.8680%	3.1118	%	4.50	%
3.60% Senior Notes due 2021	1,100.0		1-month LIBOR + 1.9370%	2.2675	%	3.60	%