FINANCING (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Carry Value of Debt

The carrying value of the components of the Company’s debt as of September 30, 2016 were as follows ($ in millions):

	September 30, 2016
Commercial paper	$	526.6
Variable interest rate Term Facility	500.0
1.80% senior unsecured notes due 2019	298.1
2.35% senior unsecured notes due 2021	744.5
3.15% senior unsecured notes due 2026	889.9
4.30% senior unsecured notes due 2046	546.8
Other financing	3.2
Long-term debt	$	3,509.1

Schedule of Maturities of Long-term Debt

The Company may redeem the Notes of the applicable series, in whole or in part, at any time prior to the dates specified in the applicable indentures (the “Call Dates”) by paying the principal amount and the “make-whole” premium specified in the applicable indenture, plus accrued and unpaid interest. Additionally, with the exception of the 2019 Notes, the Company may redeem all or any part of the Notes of the applicable series on or after the Call Dates without paying the “make-whole” premium specified in the applicable indenture.

Note Series	Call Dates
2019 Notes	June 15, 2019
2021 Notes	May 15, 2021
2026 Notes	March 15, 2026
2046 Notes	December 15, 2045

Schedule of Debt

The principal payments due are presented in the following table:

	Commercial Paper		Term Loan		Notes		Total
2019	$	—	$	500.0	$	300.0	$	800.0
2020	—		—		—		—
2021	—		—		750.0		750.0
Thereafter	526.9		—		1,450.0		1,976.9
Total principal payments (a)	$	526.9	$	500.0	$	2,500.0	$	3,526.9
(a) Amount is higher than the carrying value of debt as net discounts, premiums and issuance costs of $21.0 million as of September 30, 2016 are included in the carrying amount of the related debt in the accompanying Consolidated and Combined Condensed Balance Sheet as of September 30, 2016 but excluded from the principal payments disclosed herein. In addition, these amounts exclude other financing balances of $3.2 million.