DEBT



(in millions)	October 31, 2017		January 31, 2017		October 31, 2016
Short-term borrowings:
Credit Facilities	$	58.8	$	93.0	$	82.5
Commercial paper	43.0		—		—
Other credit facilities	91.4		135.7		137.0
	$	193.2	$	228.7	$	219.5



Long-term debt:
Unsecured Senior Notes:
2012 4.40% Series B Senior Notes, due July 2042 ^a	250.0		250.0		250.0
2014 3.80% Senior Notes, due October 2024 ^{b, c}	250.0		250.0		250.0
2014 4.90% Senior Notes, due October 2044 ^{b, c}	300.0		300.0		300.0
2016 0.78% Senior Notes, due August 2026 ^{b, d}	88.3		88.0		95.4
	888.3		888.0		895.4
Less unamortized discounts and debt issuance costs	9.1		9.6		9.7
	$	879.2	$	878.4	$	885.7


^a	The agreements governing these Senior Notes require repayments of $50.0 million in aggregate every five years beginning in 2022.


^b	These agreements require lump sum repayments upon maturity.


^c	These Senior Notes were issued at a discount, which will be amortized until the debt maturity.


^d	These Senior Notes were issued, at par, ¥10.0 billion.

Commercial Paper

In August 2017, the Registrant and one of its wholly owned subsidiaries established a commercial paper program (the "Commercial Paper Program") for the issuance of commercial paper in the form of short-term promissory notes in an aggregate principal amount not to exceed $750.0 million. Borrowings under the Commercial Paper Program will be used for general corporate purposes. The aggregate amount of borrowings that the Company is currently authorized to have outstanding under the Commercial Paper Program and the Registrant's four-year $375.0 million and five-year $375.0 million multi-bank, multi-currency, committed unsecured revolving credit facilities is $750.0 million. The Registrant guarantees the obligations of its wholly owned subsidiary under the Commercial Paper Program. Maturities of commercial paper notes may vary, but cannot exceed 397 days from the date of issuance. Notes issued under the Commercial Paper Program will rank equally with the Registrant's present and future unsecured and unsubordinated indebtedness. As of October 31, 2017, there were $43.0 million of borrowings outstanding under the Commercial Paper Program with a weighted average interest rate of 1.28%.

Senior Notes

In August 2016, the Registrant issued ¥10.0 billion ($88.3 million at October 31, 2017) of 0.78% Senior Notes due August 2026 (the "Notes") in a private transaction. The proceeds from the issuance of the Notes were used to repay the Registrant's ¥10.0 billion 1.72% Senior Notes due September 2016 upon the maturity thereof. The Notes bear interest at a rate of 0.78% per annum, payable semi-annually on February 26 and August 26 of each year, commencing February 26, 2017. The Registrant may redeem all or part of the Notes upon not less than 30 nor more than 60 days' prior notice at a redemption price equal to the sum of (i) 100% of the principal amount of the Notes to be redeemed, plus (ii) accrued and unpaid interest, if any, on those Notes to the redemption date, plus (iii) a make-whole premium as of the redemption date.

There have been no material changes to the agreements governing the Credit Facilities or Senior Notes referenced in the table above since January 31, 2017.

At October 31, 2017, the Company was in compliance with all debt covenants.