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Debt | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Debt | Note 4 - Debt The amortized cost of debt outstanding at March 31, 2016 and December 31, 2015 was:
(Dollars in Millions) |  | Mar 31, 2016 |  | Dec 31, 2015
Senior Notes: |  |  |  |
6.00% Senior Notes due May 15, 2017 |  | $ | 359.3 |  |  | $ | 359.1 |
4.35% Senior Notes due February 15, 2025 |  | 247.5 |  |  | 247.4 |
7.375% Subordinated Debentures due February 27, 2054 |  | 144.1 |  |  | 144.1 |
Total Debt Outstanding |  | $ | 750.9 |  |  | $ | 750.6 |
There were no outstanding borrowings under Kemper’s $225.0 million, unsecured, revolving credit agreement which expires June 2, 2020 at either March 31, 2016 or December 31, 2015. Kemper’s subsidiaries, Trinity Universal Insurance Company (“Trinity”) and United Insurance Company of America (“United Insurance”), are members of the Federal Home Loan Bank (“FHLB”) of Dallas and Chicago, respectively. During the first three months of 2016 and 2015, Trinity borrowed and repaid $10.0 million and $20.5 million, respectively, under its agreement with the FHLB of Dallas. There were no advances from the FHLB of Dallas or Chicago outstanding at either March 31, 2016 or December 31, 2015. Interest Expense, including facility fees, accretion of discount and amortization of issuance costs, for the three months ended March 31, 2016 and 2015 was:
|  | Three Months Ended
(Dollars in Millions) |  | Mar 31, 2016 |  | Mar 31, 2015
Notes Payable under Revolving Credit Agreement |  | $ | 0.2 |  |  | $ | 0.2 |
Federal Home Loan Bank of Dallas |  | — |  |  | — |
Federal Home Loan Bank of Chicago |  | — |  |  | — |
Senior Notes Payable: |  |  |  |
6.00% Senior Notes due November 30, 2015 |  | — |  |  | 3.7 |
6.00% Senior Notes due May 15, 2017 |  | 5.6 |  |  | 5.6 |
4.35% Senior Notes due February 15, 2025 |  | 2.8 |  |  | 1.1 |
7.375% Subordinated Debentures due February 27, 2054 |  | 2.8 |  |  | 2.8 |
Interest Expense before Capitalization of Interest |  | 11.4 |  |  | 13.4 |
Capitalization of Interest |  | (0.2 | ) |  | (0.2 | )
Total Interest Expense |  | $ | 11.2 |  |  | $ | 13.2 |
Note 4 - Debt (Continued) Interest paid, including facility fees, for the three months ended March 31, 2016 and 2015 was:
|  | Three Months Ended
(Dollars in Millions) |  | Mar 31, 2016 |  | Mar 31, 2015
Notes Payable under Revolving Credit Agreement |  | $ | 0.1 |  |  | $ | 0.2 |
Federal Home Loan Bank of Dallas |  | — |  |  | — |
Federal Home Loan Bank of Chicago |  | — |  |  | — |
Senior Notes Payable: |  |  |  |
6.00% Senior Notes due November 30, 2015 |  | — |  |  | 4.8 |
6.00% Senior Notes due May 15, 2017 |  | — |  |  | — |
4.35% Senior Notes due February 15, 2025 |  | 5.4 |  |  | — |
7.375% Subordinated Debentures due February 27, 2054 |  | 2.8 |  |  | 2.8 |
Total Interest Paid |  | $ | 8.3 |  |  | $ | 7.8 |

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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 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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