DEBT (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Components of long-term debt

The components of long-term debt were as follows: 

(In millions)	December 31,
Principal Value:	2014			2013
3.50% Notes due 2014	$	—		$	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	1,500.0			1,500.0
Adjustments to Principal Value:
Unamortized basis adjustment for settled interest rate swaps	8.8			16.7
Unamortized bond discount	(4.0		)	(2.0		)
Fair-value interest rate swaps	(0.9		)	—
Less amount due within one year	—			505.6
Long-term debt	$	1,503.9		$	1,009.1

Components of interest expense-net

The components of interest expense-net were as follows: 

	Years Ended December 31,
(In millions)	2014			2013			2012
Interest expense	$69.9			$59.2			$	70.9
Interest income	(9.6		)	(8.6		)	(5.9		)
Interest expense-net	$60.3			$50.6			$	65.0
Interest payments, net of amounts related to interest rate swaps	$	72.5		$	72.0		$	74.9