XML 68 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Instruments [Abstract]  
Long-Term debt
Long-term debt consisted of the following: 
(In millions)
September 30,
2014
 
December 31,
2013
Commercial paper (1)
$
508.0

 
$
501.4

2.00% Notes due 2017
299.6

 
299.5

3.45% Notes due 2022
499.7

 
499.6

Term loan
24.7

 
25.9

Property financing
8.9

 
13.9

Total long-term debt
1,340.9

 
1,340.3

Less: current portion
(3.9
)
 
(10.5
)
Long-term debt, less current portion
$
1,337.0

 
$
1,329.8

 _______________________  
(1) 
Committed credit available under our revolving credit facility provided the ability to refinance our commercial paper obligations on a long-term basis. As we have both the ability and intent to refinance these obligations on a long-term basis, our commercial paper borrowings were classified as long-term in the condensed consolidated balance sheets at September 30, 2014 and December 31, 2013. As of September 30, 2014, our commercial paper borrowings had a weighted average interest rate of 0.30%.