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Debt and Credit Arrangements (Notes) | 3 Months Ended
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Mar. 31, 2015
Debt and Credit Arrangements [Abstract] |
Debt and Credit Arrangements | Debt and Credit Arrangements Long-Term Debt A summary of the carrying amounts and fair values of our long-term debt is listed below.
| Effective Interest Rate |  | March 31, 2015 |  | December 31, 2014
Book Value |  | Fair Value 1 |  | Book Value |  | Fair Value 1
2.25% Senior Notes due 2017 (less unamortized discount of $0.4) | 2.30% |  | $ | 299.6 |  |  | $ | 303.6 |  |  | $ | 299.6 |  |  | $ | 301.2 |
4.00% Senior Notes due 2022 (less unamortized discount of $2.2) | 4.13% |  | 247.8 |  |  | 263.2 |  |  | 247.7 |  |  | 255.2 |
3.75% Senior Notes due 2023 (less unamortized discount of $1.2) | 4.32% |  | 498.8 |  |  | 512.1 |  |  | 498.8 |  |  | 499.8 |
4.20% Senior Notes due 2024 (less unamortized discount of $0.9) | 4.24% |  | 499.1 |  |  | 531.5 |  |  | 499.1 |  | 509.8
Other notes payable and capitalized leases |  |  | 77.3 |  |  | 77.3 |  |  | 80.4 |  |  | 80.4 |
Total long-term debt |  |  | 1,622.6 |  |  |  |  | 1,625.6 |  |  |
Less: current portion |  |  | 2.0 |  |  |  | 2.1 |  |  |
Long-term debt, excluding current portion |  |  | $ | 1,620.6 |  |  |  |  | $ | 1,623.5 |  |  |
1 | See Note 11 for information on the fair value measurement of our long-term debt.
Credit Agreements We maintain a committed corporate credit facility (the "Credit Agreement") and uncommitted lines of credit to increase our financial flexibility. The Credit Agreement is a revolving facility, expiring in December 2018, under which amounts borrowed by us or any of our subsidiaries designated under the Credit Agreement may be repaid and reborrowed, subject to an aggregate lending limit of $1,000.0 or the equivalent in other currencies. The Company has the ability to increase the commitments under the Credit Agreement from time to time by an additional amount of up to $250.0, provided the Company receives commitments for such increases and satisfies certain other conditions. The aggregate available amount of letters of credit outstanding may decrease or increase, subject to a sublimit on letters of credit of $200.0 or the equivalent in other currencies. Our obligations under the Credit Agreement are unsecured. We were in compliance with all of our covenants in the Credit Agreement as of March 31, 2015.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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