DEBT (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Components of long-term debt

The components of long-term debt were as follows: 

(Dollars in millions)	June 30, 2014			December 31, 2013
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
4.60% Notes due 2044	500.0			—
Sub-total	2,000.0			1,500.0
Adjustments to Principal Value:
Unamortized basis adjustment for settled interest rate swaps	12.2			16.7
Unamortized bond discount	(4.4		)	(2.0		)
Fair value interest rate swaps	(3.5		)	—
Less amount due within one year	502.2			505.6
Long-term debt	$	1,502.1		$	1,009.1

Components of interest expense-net

The components of interest expense-net were as follows: 

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2014			2013			2014			2013
Interest expense	$	17.8		$	14.8		$	32.6		$	30.8
Interest income	(2.5		)	(2.4		)	(4.9		)	(4.2		)
Interest expense-net	$	15.3		$	12.4		$	27.7		$	26.6