Debt	9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt As of September 30, 2016 and December 31, 2015, AB had $387.0 million and $581.7 million, respectively, in commercial paper outstanding with weighted average interest rates of approximately 0.6% and 0.5%, respectively. The commercial paper is short term in nature, and as such, recorded value is estimated to approximate fair value (and considered a Level 2 security in the fair value hierarchy). Average daily borrowings of commercial paper during the first nine months of 2016 and the full year 2015 were $425.6 million and $387.9 million, respectively, with weighted average interest rates of approximately 0.6% and 0.3%, respectively.

Debt

9 Months Ended

Sep. 30, 2016

As of September 30, 2016 and December 31, 2015, AB had $387.0 million and $581.7 million, respectively, in commercial paper outstanding with weighted average interest rates of approximately 0.6% and 0.5%, respectively. The commercial paper is short term in nature, and as such, recorded value is estimated to approximate fair value (and considered a Level 2 security in the fair value hierarchy). Average daily borrowings of commercial paper during the first nine months of 2016 and the full year 2015 were $425.6 million and $387.9 million, respectively, with weighted average interest rates of approximately 0.6% and 0.3%, respectively.