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Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt, including current maturites

Long-term debt as of December 31, 2018 and 2017, respectively, consisted of the following:

(in millions)		December 31, 2018 Stated Interest Rate		December 31, 2018 Effective Interest Rate		Maturity Date		December 31, 2018 Stated Value				Combination Fair Market Value Adjustment				Discount on Notes Issuance				December 31, 2018 Carrying Value				December 31, 2017 Stated Value				Combination Fair Market Value Adjustment				Discount on Notes Issuance				December 31, 2017 Carrying Value
Unsecured notes		3.25% - 5.63%		5.01%		2021- 2043		$	4,000.0			$	—			$	(7.3	)		$	3,992.7			$	4,000.0			$	—			$	(8.5	)		$	3,991.5
Unsecured debentures		7.30%		7.19%		2028		147.1				1.1				—				148.2				236.1				1.4				—				237.5
Term loan(a)		Libor plus 1.25%		Variable		2021		—				—				—				—				684.0				—				—				684.0
Capital leases		2.24% - 19.95%		4.00%		2019- 2030		302.2				—				—				302.2				326.6				—				—				326.6
Other(b)		2.50% - 9.98%		7.98%		2021- 2026		58.0				16.4				—				74.4				(18.0		)		—				—				(18.0		)
Total long-term debt								4,507.3				17.5				(7.3		)		4,517.5				5,228.7				1.4				(8.5		)		5,221.6
Less current portion								24.7				2.3				(1.0		)		26.0				344.2				0.4				(1.1		)		343.5
Total long-term debt, less current maturities								$	4,482.6			$	15.2			$	(6.3	)		$	4,491.5			$	4,884.5			$	1.0			$	(7.4	)		$	4,878.1

______________________________

(a) Term loan facility is pre-payable.

(b) Includes deferred financing fees related to our long term debt.

Scheduled maturities of long-term debt

Scheduled maturities of long-term debt are as follows for the periods ending December 31:

(in millions)
2019	$	26.0
2020	39.2
2021	485.8
2022	580.4
2023	962.8
Thereafter	2,423.3
Total	$	4,517.5

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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