NOTES PAYABLE - DIRECT CORPORATE OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

The following notes payable were direct corporate obligations of the Company as of December 31, 2016 and 2015 (dollars in millions):

	2016			2015
4.500% Senior Notes due May 2020	$	325.0		$	325.0
5.250% Senior Notes due May 2025	500.0			500.0
Revolving Credit Agreement (as defined below)	100.0			100.0
Unamortized debt issuance costs	(12.1		)	(13.9		)
Direct corporate obligations	$	912.9		$	911.1

Schedule of sources and uses of cash from debt refinancing

The following table sets forth the sources and uses of cash from the debt refinancing transactions discussed above (dollars in millions):

Sources:
	Notes	$	825.0
	New Revolving Credit Agreement	100.0
	Total sources	$	925.0
Uses:
	Repayment of Previous Senior Secured Credit Agreement	$	502.3
	Repayment of 6.375% Notes, including redemption premium	292.8
	Accrued interest	4.3
	Debt issuance costs	16.0
	General corporate purposes	109.6
	Total uses	$	925.0

Schedule of maturities of long-term debt

The scheduled repayment of our direct corporate obligations was as follows at December 31, 2016 (dollars in millions):

Year ending December 31,
2017	$	—
2018	—
2019	100.0
2020	325.0
2021	—
Thereafter	500.0
	$	925.0