Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-Term Debt

Schedule of long-term debt

		December 31, 2014				December 31, 2013
	Maturity	Carrying Amount		Approximate Fair Value (1)		Carrying Amount		Approximate Fair Value (1)
$1,500.0 Revolving Credit Facility	July 2018	$	—	$	—	$	927.3	$	927.3
$200.0 Credit Agreement	May 2015	—		—		100.0		100.0
$1,500 Commercial Paper Program (less unamortized discount of $0.4 at December 31, 2014)	July 2018	671.0		671.0		—		—
4.75% Senior Notes (less unamortized discount of $0.2 at December 31, 2013)	November 2014	—		—		599.8		621.0
4.00% Senior Notes (less unamortized discount of $0.9 and $1.0 at December 31, 2014 and 2013, respectively)	February 2022	499.1		524.5		499.0		491.0
2.55% Senior Notes (less unamortized discount of $0.9 at December 31, 2014)	January 2019	749.1		754.9		—		—
1.55% Senior Notes (less unamortized discount of $0.3 at December 31, 2014)	September 2017	374.7		373.0		—		—
3.125% Senior Notes (less unamortized discount of $0.3 at December 31, 2014)	September 2021	374.7		375.3		—		—
Notes payable to foreign banks and other debt	2015-2019	5.3		5.3		6.7		6.7
		2,673.9		2,704.0		2,132.8		2,146.0
Less current portion		1.6		1.6		701.4		722.6
Total long-term debt		$	2,672.3	$	2,702.4	$	1,431.4	$	1,423.4

(1) Fair values of Senior Notes are based on recent bid prices in an active market, therefore classified as Level 1 in the fair value hierarchy (Note 3).

Schedule of maturity of the Company's debt over each of the next five years and thereafter

2015	$	1.6
2016	0.6
2017	374.9
2018	672.7
2019	749.1
Thereafter	875.0
	$	2,673.9