DEBT (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Components of long-term debt

The components of long-term debt were as follows: 

(Dollars in millions)	December 31, 2013			December 31, 2012
Principal Value:
3.50% Notes due 2014	$	500.0		$	500.0
4.90% Notes due 2019	700.0			700.0
5.90% Notes due 2039	300.0			300.0
Subtotal	1,500.0			1,500.0
Adjustments to Principal Value:
Unamortized basis adjustment for terminated interest rate swaps	16.7			26.0
Unamortized bond discount	(2.0		)	(2.8		)
Less amount due within one year	505.6			—
Long-term debt	$	1,009.1		$	1,523.2

Components of interest expense-net

The components of interest expense-net were as follows: 

	Years Ended December 31,
(In millions)	2013			2012			2011
Interest expense	$59.2			$70.9			$	60.2
Interest income	(8.6		)	(5.9		)	(8.0		)
Interest expense-net	$50.6			$65.0			$	52.2
Interest payments, net of amounts related to interest rate swaps	$	72.0		$	74.9		$	61.4