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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt  
Schedule of Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

December 31, 2015

 

 

 

Carrying

 

Approximate

 

Carrying

 

Approximate

 

 

    

Amount

    

Fair Value

    

Amount

    

Fair Value

 

Revolving Credit Facility (maximum aggregate principal amount of $2,000.0 and $1,500.0 as of September 30, 2016 and December 31, 2015, respectively)

 

$

 —

 

$

 —

 

$

 —

 

$

 —

 

Commercial Paper Program (maximum aggregate principal amount of $2,000.0 and $1,500.0 as of September 30, 2016 and December 31, 2015, respectively)

 

 

982.1

 

 

982.1

 

 

823.9

 

 

823.9

 

1.55% Senior Notes due September 2017

 

 

374.9

 

 

375.2

 

 

374.8

 

 

373.2

 

2.55% Senior Notes due January 2019

 

 

749.5

 

 

769.1

 

 

749.2

 

 

750.1

 

3.125% Senior Notes due September 2021

 

 

374.8

 

 

388.2

 

 

374.7

 

 

367.7

 

4.00% Senior Notes due February 2022

 

 

499.3

 

 

535.5

 

 

499.2

 

 

508.6

 

Notes payable to foreign banks and other debt

 

 

5.2

 

 

5.2

 

 

5.0

 

 

5.0

 

Less deferred debt issuance costs

 

 

(13.3)

 

 

 —

 

 

(13.3)

 

 

 —

 

Total debt

 

 

2,972.5

 

 

3,055.3

 

 

2,813.5

 

 

2,828.5

 

Less current portion

 

 

374.5

 

 

374.8

 

 

0.3

 

 

0.3

 

Total long-term debt

 

$

2,598.0

 

$

2,680.5

 

$

2,813.2

 

$

2,828.2