Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Table

Debt at December 31 consisted of:

	2016				2015
(millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
3.75% Senior Notes due 2021 (issued: $500.0, August 2011)	$	498.4	$	528.8	$	498.1	$	528.7
2.45% Senior Notes due 2027 (issued: $500.0, August 2016)	495.8		464.6		0		0
6 5/8% Senior Notes due 2029 (issued: $300.0, March 1999)	295.9		380.1		295.7		376.0
6.25% Senior Notes due 2032 (issued: $400.0, November 2002)	395.2		499.0		395.0		490.6
4.35% Senior Notes due 2044 (issued: $350.0, April 2014)	346.4		362.3		346.4		352.8
3.70% Senior Notes due 2045 (issued: $400.0, January 2015)	395.1		372.5		395.0		362.0
6.70% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067 (issued: $1,000.0, June 2007; outstanding: $594.6 and $614.4)	594.1		581.2		612.8		612.8
Other debt instruments	127.3		127.3		164.9		164.9
Total	$	3,148.2	$	3,315.8	$	2,707.9	$	2,887.8

Aggregate Principal Payments on Debt Outstanding

Aggregate required principal payments on debt outstanding at December 31, 2016, are as follows:

(millions)
Year	Payments
2017	$	25.0
2018	25.0
2019	11.3
2020	0.8
2021	500.0
Thereafter	2,609.8
Total	$	3,171.9

Cash Flow Hedging [Member]

Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges Included in Accumulated Other Comprehensive Income

The following table shows the original gain (loss) recognized at debt issuance and the unamortized balance at December 31, 2016, on a pretax basis:

(millions)	Unrealized Gain (Loss) at Debt Issuance			Unamortized Balance at December 31, 2016
3.75% Senior Notes	$	(5.1	)	$	(2.6	)
6 5/8% Senior Notes	(4.2		)	(2.9		)
6.25% Senior Notes	5.1			3.7
4.35% Senior Notes	(1.6		)	(1.5		)
3.70% Senior Notes	(12.9		)	(12.4		)
6.70% Debentures	34.4			1.2

Other Debt Instruments [Member]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The other debt instruments reported in the table above represent ARX indebtedness and consist of:

	December 31, 2016			December 31, 2015
Type of debt instrument	Number of Instruments	Carrying Value		Number of Instruments	Carrying Value		Stated Maturity Date(s)
Term loans	2	$	62.1	2	$	87.1	December 2018 and 2019
Junior subordinated notes1	2	41.2		2	41.2		June 2036 and 2037
Senior notes	4	24.0		4	24.0		Various2
Surplus note3	0	0		1	12.6		November 2021
Total		$	127.3		$	164.9

¹ ARX issued junior subordinated floating rate notes to trusts established by ARX in connection with issuances of trust preferred securities by the trust (discussed below).

² The senior notes mature in May 2033, April 2034, December 2034, and June 2035.

³ The surplus note was debt of the subsidiary disposed of by ARX in the exchange transaction during 2016 (see Note 16 – Goodwill and Intangible Assets for further discussion).