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Debt and Credit Arrangements (Tables)
6 Months Ended
Jun. 30, 2015
Debt Instruments [Abstract]  
Summary of Carrying Amounts and Fair Values of Long-Term Debt
A summary of the carrying amounts and fair values of our long-term debt is listed below.
 
Effective
Interest Rate
 
June 30,
2015
 
December 31,
2014
Book
Value
 
Fair
Value 1
 
Book
Value
 
Fair
Value 1
2.25% Senior Notes due 2017 (less unamortized
discount of $0.3)
2.30%
 
$
299.7

 
$
303.2

 
$
299.6

 
$
301.2

4.00% Senior Notes due 2022 (less unamortized
discount of $2.1)
4.13%
 
247.9

 
255.2

 
247.7

 
255.2

3.75% Senior Notes due 2023 (less unamortized
discount of $1.2)
4.32%
 
498.8

 
495.8

 
498.8

 
499.8

4.20% Senior Notes due 2024 (less unamortized
discount of $0.8)
4.24%
 
499.2
 
505.9
 
499.1
 
509.8
Other notes payable and capitalized leases
 
 
79.2

 
79.2

 
80.4

 
80.4

Total long-term debt
 
 
1,624.8

 
 
 
1,625.6

 
 
Less: current portion
 
 
2.0

 
 
 
2.1

 
 
Long-term debt, excluding current portion
 
 
$
1,622.8

 
 
 
$
1,623.5

 
 

1
See Note 11 for information on the fair value measurement of our long-term debt.