Debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt Instruments [Abstract]

Long-Term debt

Long-term debt consisted of the following:

(In millions)	September 30, 2016			December 31, 2015
Revolving credit facility	$	—		$	—
Commercial paper (1)	447.7			337.2
2.00% Notes due 2017	299.5			299.1
3.45% Notes due 2022	497.8			497.5
Term loan	—			15.6
Capital leases	0.4			0.7
Total long-term debt	1,245.4			1,150.1
Less: current portion	(0.3		)	(16.0		)
Long-term debt, less current portion	$	1,245.1		$	1,134.1

_______________________  

⁽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, 2016 and December 31, 2015. As of September 30, 2016, our commercial paper borrowings had a weighted average interest rate of 1.01%.