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Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
A summary of long-term debt is as follows:
($ in millions)Interest Rate as of March 31, 2021March 31,
2021
December 31,
2020
Current portion of long-term debt:
2021 Senior Notes **
3.150 %2,249.9 2,249.7 
Other6.0 8.0 
Deferred financing fees(0.6)(1.4)
Current portion of long-term debt$2,255.3 $2,256.3 
Non-current portion of long-term debt:
2022 Euro Senior Notes ****
0.816 %889.8 928.8 
2022 Senior Notes ***
1.125 %1,007.3 1,008.8 
2023 Senior Notes (a) *
3.125 %777.7 781.6 
2023 Senior Notes *
4.200 %499.4 499.3 
2024 Euro Senior Notes **
2.250 %1,171.5 1,219.9 
2024 Euro Senior Notes ****
1.023 %905.1 944.6 
2025 Euro Senior Notes *
2.125 %585.7 609.9 
2025 Senior Notes ***
1.650 %766.2 767.1 
2026 Senior Notes **
3.950 %2,240.1 2,239.7 
2027 Euro Senior Notes ****
1.362 %1,051.6 1,097.4 
2027 Senior Notes ***
2.300 %784.8 786.1 
2028 Euro Senior Notes **
3.125 %873.7 909.7 
2028 Senior Notes *
4.550 %748.6 748.6 
2030 Senior Notes ***
2.700 %1,526.2 1,528.0 
2032 Euro Senior Notes ****
1.908 %1,603.5 1,672.6 
2040 Senior Notes ***
3.850 %1,661.8 1,663.3 
2043 Senior Notes *
5.400 %497.3 497.3 
2046 Senior Notes **
5.250 %999.9 999.9 
2048 Senior Notes *
5.200 %747.7 747.7 
2050 Senior Notes ***
4.000 %2,208.3 2,209.3 
USD Term Loan600.0 600.0 
Other2.3 17.4 
Deferred financing fees(46.3)(47.8)
Long-term debt$22,102.2 $22,429.2 
____________
(a)    In the first quarter of 2020, the Company terminated interest rate swaps designated as a fair value hedge resulting in net proceeds of approximately $45 million. The fair value adjustment is being amortized to interest expense over the remaining term of the notes.
*    Instrument was issued by Mylan Inc.
**    Instrument was originally issued by Mylan N.V. now held by Utah Acquisition Sub Inc.
***     Instrument was issued by Viatris Inc.
****     Instrument was issued by Upjohn Finance B.V.
Minimum Repayments on Outstanding Borrowings
Mandatory minimum repayments remaining on the notional amount of outstanding long-term debt at March 31, 2021 were as follows for each of the periods ending December 31:
(In millions)Total
2021$2,250 
20222,480 
20231,250 
20242,053 
20251,337 
Thereafter14,293 
Total$23,663