Financing (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Carrying Value of Debt

The details of our Commercial Paper Programs as of December 31, 2019 were as follows ($ in millions):

	Carrying Value		Annual effective rate		Weighted average remaining maturity (in days)
U.S. dollar-denominated	$	884.4	2.14	%	13
Euro-denominated	$	264.1	(0.10	)%	33

The carrying value of the components of our debt as of December 31 were as follows ($ in millions):

	2019		2018
U.S. dollar-denominated commercial paper	$	884.4	$	390.1
Euro-denominated commercial paper	264.1		270.1
Delayed-draw term loan due 2019	—		400.0
Delayed-draw term loan due 2020	1,000.0		—
Term loan due 2020	500.0		—
Yen variable interest rate term loan due 2022	127.1		125.7
1.80% senior unsecured notes due 2019	—		55.6
2.35% senior unsecured notes due 2021	748.2		747.0
3.15% senior unsecured notes due 2026	893.0		891.9
4.30% senior unsecured notes due 2046	547.0		546.9
0.875% senior convertible notes due 2022	1,347.3		—
Other	17.3		3.0
Long-term debt	6,328.4		3,430.3
Less: Current portion of long-term debt	1,500.0		455.6
Long-term debt, net of current maturities	$	4,828.4	$	2,974.7

Schedule of Debt

Registered Notes Series	Call Dates
2.35% senior unsecured notes due 2021	May 15, 2021
3.15% senior unsecured notes due 2026	March 15, 2026
4.30% senior unsecured notes due 2046	December 15, 2045

Schedule of Maturities of Long-term Debt

There are $1.5 billion of minimum principal payments due under our total long-term debt during 2020. The future minimum principal payments due are presented in the following table:

	Term Loans		Convertible and Registered Notes		Total
2020	$	1,500.0	$	—	$	1,500.0
2021	—		750.0		750.0
2022	127.1		1,437.5		1,564.6
2023	—		—		—
2024	—		—		—
Thereafter	—		1,450.0		1,450.0
Total principal payments (a)	$	1,627.1	$	3,637.5	$	5,264.6
(a) Not included in the table above are discounts, net of premiums and issuance costs associated with the Registered Notes and the Commercial Paper Programs, which totaled $102 million as of December 31, 2019, and have been recorded as an offset to the carrying amount of the related debt in the accompanying Consolidated Balance Sheet as of December 31, 2019. In addition, the table above does not include principal balances of $1.1 billion under the Commercial Paper Programs and other financing balances of $17 million.