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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Long-Term Debt |
Schedule of long-term debt |
|  |  |  | December 31, 2016 |  | December 31, 2015 |
|  |  |  | Carrying |  | Approximate |  | Carrying |  | Approximate |
|  | Maturity |  | Amount |  | Fair Value (1) |  | Amount |  | Fair Value (1) |
Revolving Credit Facility |  | March 2021 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Commercial Paper Program (less unamortized discount of $0.4 and $0.2 at December 31, 2016 and 2015, respectively) |  | March 2021 |  |  | 1,018.9 |  |  | 1,018.9 |  |  | 823.9 |  |  | 823.9 |
4.00% Senior Notes (less unamortized discount of $0.6 and $0.8 at December 31, 2016 and 2015, respectively) |  | February 2022 |  |  | 499.4 |  |  | 523.7 |  |  | 499.2 |  |  | 508.6 |
2.55% Senior Notes (less unamortized discount of $0.5 and $0.7 at December 31, 2016 and 2015, respectively) |  | January 2019 |  |  | 749.5 |  |  | 758.3 |  |  | 749.2 |  |  | 750.1 |
1.55% Senior Notes (less unamortized discount of $0.1 and $0.2 at December 31, 2016 and 2015, respectively) |  | September 2017 |  |  | 374.9 |  |  | 375.4 |  |  | 374.8 |  |  | 373.2 |
3.125% Senior Notes (less unamortized discount of $0.2 and $0.3 at December 31, 2016 and 2015, respectively) |  | September 2021 |  |  | 374.8 |  |  | 380.4 |  |  | 374.7 |  |  | 367.7 |
Notes payable to foreign banks and other debt |  | 2017-2022 |  |  | 5.5 |  |  | 5.5 |  |  | 5.0 |  |  | 5.0 |
Less deferred debt issuance costs |  |  |  |  | (12.3) |  |  | — |  |  | (13.3) |  |  | — |
Total debt |  |  |  |  | 3,010.7 |  |  | 3,062.2 |  |  | 2,813.5 |  |  | 2,828.5 |
Less current portion |  |  |  |  | 375.2 |  |  | 375.7 |  |  | 0.3 |  |  | 0.3 |
Total long-term debt |  |  |  | $ | 2,635.5 |  | $ | 2,686.5 |  | $ | 2,813.2 |  | $ | 2,828.2 |
| (1) |  | The fair value of the Company’s Senior Notes is based on recent bid prices in an active market, and therefore is 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 |
2017 |  | $ | 375.7 |
2018 |  |  | 0.3 |
2019 |  |  | 749.8 |
2020 |  |  | 0.1 |
2021 |  |  | 1,396.8 |
Thereafter |  |  | 500.3 |
|  | $ | 3,023.0 |

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