Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Instruments [Abstract]

Long-Term debt

Long-term debt consisted of the following:

(In millions)	March 31, 2016			December 31, 2015
Revolving credit facility	$	—		$	—
Commercial paper (1)	421.3			337.2
2.00% Notes due 2017	299.3			299.1
3.45% Notes due 2022	497.6			497.5
Term loan	17.1			15.6
Capital leases	0.6			0.7
Total long-term debt	1,235.9			1,150.1
Less: current portion	(17.5		)	(16.0		)
Long-term debt, less current portion	$	1,218.4		$	1,134.1

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⁽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 March 31, 2016 and December 31, 2015. As of March 31, 2016, our commercial paper borrowings had a weighted average interest rate of 1.14%.