DEBT AND INTEREST (Tables)

3 Months Ended

Mar. 31, 2017

DEBT AND INTEREST

Schedule of short-term debt obligations

	March 31		December 31
(millions)	2017		2016
Short-term debt
Commercial paper		$ 874.6		$ -
Notes payable		15.5		29.9
Long-term debt, current maturities		809.3		511.4
Total		$ 1,699.4		$ 541.3

Schedule of long-term debt obligations including current maturities

	Maturity	March 31		December 31
(millions)	by Year	2017		2016
Long-term debt
Public notes (2017 principal amount)
Five year 2012 senior notes ($500 million)	2017		$ 498.7		$ 498.9
Three year 2015 senior notes ($300 million)	2018		298.8		298.9
Three year 2016 senior notes ($400 million)	2019		395.6		395.9
Five year 2015 senior notes ($300 million)	2020		298.7		298.6
Ten year 2011 senior notes ($1.25 billion)	2021		1,245.0		1,244.8
Seven year 2016 senior notes ($400 million)	2023		397.2		397.0
Seven year 2016 senior notes (€575 million)	2024		600.7		608.4
Ten year 2015 senior notes (€575 million)	2025		603.9		604.3
Ten year 2016 senior notes ($750 million)	2026		742.3		742.1
Thirty year 2011 senior notes ($750 million)	2041		738.8		738.7
Thirty year 2016 senior notes ($250 million)	2046		245.9		245.9
Private notes (2017 principal amount)
Series A private placement senior notes ($250 million)	2018		248.5		248.9
Series B private placement senior notes ($250 million)	2023		249.2		249.2
Capital lease obligations			5.2		5.2
Other			82.4		80.3
Total debt			6,650.9		6,657.1
Long-term debt, current maturities			(809.3)		(511.4)
Total long-term debt			$ 5,841.6		$ 6,145.7

Schedule of interest expense and interest income

	First Quarter Ended
	March 31
(millions)	2017		2016
Interest expense		$ 66.6		$ 68.9
Interest income		(4.1)		(2.8)
Interest expense, net		$ 62.5		$ 66.1