Summary of Debt Outstanding (as of September 30, 2016)


Indebtedness Interest % Maturity Ratings CUSIP
2016 Commercial Paper Programa $ - Varied Varied N/A N/A
Series 2007-1 Notes, due 2017b $299.9 million 6.060% September 7, 2017 N/A N/A
2014 Senior Notes, due 2019c $455.6 million 2.750% July 15, 2019 BBB+ (S&P) 615369AD7
2010 Senior Notes due 2020d $516.9 million 5.500% September 1, 2020 BBB+ (S&P) 615369AA3
2012 Senior Notes due 2022e $495.3 million 4.500% September 1, 2022 BBB+ (S&P) 615369AB1
2013 Senior Notes, due 2024f $495.1 million 4.875% February 15, 2024 BBB+ (S&P) 615369AC9
2015 Senior Notes due 2027g $558.0 million 1.750% March 9, 2027 BBB+ (S&P) 615369AF2
2014 Senior Notes, due 2044h $597.3 million 5.250% July 15, 2044 BBB+ (S&P) 615369AE5
Total Debt $3,418.1 million



a (a) During the third quarter of 2016, the company entered into a private placement commercial paper program under which the company may issue commercial paper notes up to a maximum of $1.0 billion. Borrowings under the commercial paper program are backstopped by the 2015 Credit Facility. Amounts under the commercial paper program may be re-borrowed. The maturity of the commercial paper program notes will vary, but may not exceed 397 days from the date of issue. The commercial paper notes are sold at a discount from par, or alternatively, sold at par and bear interest at rates that will vary based upon market conditions. The rates of interest will depend on whether the commercial paper notes will be a fixed or floating rate. The Company has not borrowed under this program through September 30, 2016.

b (b) During the third quarter of 2007, the company issued $300 million of 6.060% publicly traded Notes which mature on September 7, 2017. Indebtedness is net of an unamortized debt issuance cost of $0.1 million in 2016 and $0.2 million in 2015.

c (c) During the third quarter of 2014, the company issued $450 million of 2.750% publicly traded Senior Notes which mature on July 15, 2019. Indebtedness is net of unamortized discount of $0.5 million in 2016 and $0.5 million in 2015, and includes a fair value adjustment on an interest rate hedge of $8.0 million in 2016 and $2.3 million in 2015 and an unamortized debt issuance cost of $1.9 million in 2016 and $2.4 million in 2015.

d (d) During the third quarter of 2010, the company issued $500 million of 5.500% publicly traded Senior Notes which mature on September 1, 2020. Indebtedness is net of unamortized discount of $1.4 million in 2016 and $1.6 million in 2015, and includes a fair value adjustment on an interest rate hedge of $20.0 million in 2016 and $9.4 million in 2015 and an unamortized debt issuance cost of $1.7 million in 2016 and $2.0 million in 2015.

e (e) During the third quarter of 2012, the company issued $500 million of 4.500% publicly traded Senior Notes which mature on September 1, 2022. Indebtedness is net of unamortized discount of $2.5 million in 2016 and $2.8 million in 2015 and includes an unamortized debt issuance cost of $2.2 million in 2016 and $2.5 million in 2015.

f (f) During the third quarter of 2013, the company issued $500 million of 4.875% publicly traded Senior Notes which mature on February 15, 2024. Indebtedness is net of unamortized discount of $2.1 million in 2016 and $2.3 million in 2015 and includes an unamortized debt issuance cost of $2.8 million in 2016 and $3.1 million in 2015.

g (g) During the first quarter of 2015, the company issued €500 million of 1.750% publicly traded Senior Notes which mature on March 9, 2027. Indebtedness is net of an unamortized debt issuance cost of $3.9 million in 2016 and $4.0 million in 2015. The table above reflects the conversion to USD using the spot rate as of September 30, 2016 of $1.12 to €1.

h (h) During the third quarter of 2014, the company issued $300 million of 5.250% publicly traded Senior Notes which mature on July 15, 2044. During the fourth quarter of 2015, the company issued an additional $300 million of 5.250% publicly traded Senior Notes which mature on July 15, 2044. Indebtedness includes an unamortized premium of $3.3 million in 2016 and $3.4 million in 2015 and an unamortized debt issuance cost of $6.0 million in 2016 and $6.2 million in 2015.

debt