Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Long-Term Debt

Schedule of debt

		December 31, 2018				December 31, 2017
		Carrying		Approximate		Carrying		Approximate
	Maturity	Amount		Fair Value (1)		Amount		Fair Value (1)
Revolving Credit Facility	March 2021	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program (less unamortized discount of $0.5 and $0.3 at December 31, 2018 and 2017, respectively)	March 2021		554.5		554.5		1,175.4		1,175.4
Euro Commercial Paper Program (plus unamortized premium of nil at December 31, 2018)	March 2021		68.8		68.8		—		—
4.00% Senior Notes (less unamortized discount of $0.4 and $0.5 at December 31, 2018 and 2017, respectively)	February 2022		499.6		508.8		499.5		522.5
2.55% Senior Notes (less unamortized discount of nil and $0.2 at December 31, 2018 and 2017, respectively)	January 2019		750.0		749.4		749.8		752.8
3.125% Senior Notes (less unamortized discount of $0.1 and $0.2 at December 31, 2018 and 2017, respectively)	September 2021		374.9		374.2		374.8		381.2
2.20% Senior Notes (less unamortized discount of $0.1 and $0.2 at December 31, 2018 and 2017, respectively)	April 2020		399.9		395.5		399.8		398.0
3.20% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2018 and 2017, respectively)	April 2024		349.7		334.5		349.6		351.9
2.000% Euro Senior Notes (less unamortized discount of $2.8 at December 31, 2018)	October 2028		570.5		572.8		—		—
Notes payable to foreign banks and other debt	2019-2032		16.6		16.6		6.6		6.6
Less unamortized deferred debt issuance costs			(13.8)		—		(12.9)		—
Total debt			3,570.7		3,575.1		3,542.6		3,588.4
Less current portion			764.3		763.7		1.1		1.1
Total long-term debt		$	2,806.4	$	2,811.4	$	3,541.5	$	3,587.3

(1) The fair value of each series of the Company’s Senior Notes is based on recent bid prices in an active market and is therefore classified as Level 1 in the fair value hierarchy (Note 3).

Schedule of maturity of the Company's debt (exclusive of unamortized deferred debt issuance costs) over each of the next five years and thereafter

2019	$	764.4
2020		400.5
2021		998.6
2022		499.9
2023		0.2
Thereafter		920.9
	$	3,584.5