Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt and Average Interest Rates on Debt Outstanding

Debt and the average interest rates on debt outstanding were as follows:

In millions	Average interest rate at December 31, 2015	Maturity year	December 31
			2015			2014
Commercial paper	1.308%	2019	$	179.5		$	987.6
Revolving credit facilities	1.581%	2019	1,181.4			9.8
Senior notes - fixed rate	1.350%	2015	—			350.0
Senior notes - fixed rate	1.875%	2017	350.0			350.0
Senior notes - fixed rate	2.900%	2018	500.0			—
Senior notes - fixed rate	2.650%	2019	250.0			250.0
Senior notes - fixed rate - Euro	2.450%	2019	548.4			—
Senior notes - fixed rate	3.625%	2020	400.0			—
Senior notes - fixed rate	5.000%	2021	500.0			500.0
Senior notes - fixed rate	3.150%	2022	550.0			550.0
Senior notes - fixed rate	4.650%	2025	250.0			—
Capital lease obligations	4.670%	2016	0.7			6.7
Total debt			4,710.0			3,004.1
Less: Current maturities and short-term borrowings			(0.7		)	(6.7		)
Long-term debt			$	4,709.3		$	2,997.4

Debt Outstanding Matures on Calendar Year Basis

Debt outstanding at December 31, 2015 matures on a calendar year basis as follows:

In millions	2016		2017		2018		2019		2020		Thereafter		Total
Contractual debt obligation maturities	$	—	$	350.0	$	500.0	$	2,159.3	$	400.0	$	1,300.0	$	4,709.3
Capital lease obligations	0.7		—		—		—		—		—		0.7
Total maturities	$	0.7	$	350.0	$	500.0	$	2,159.3	$	400.0	$	1,300.0	$	4,710.0