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Debt (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022March 31,
2022		December 31,
2021
Current portion of long-term debt:
2022 Euro Senior Notes ****
0.816 %$831.8 $856.6 
2022 Senior Notes ***
1.125 %1,001.4 1,002.9 
2023 Senior Notes (a) *
3.125 %762.2 — 
Other0.9 0.9 
Deferred financing fees(0.9)(0.1)
Current portion of long-term debt$2,595.4 $1,860.3 
Non-current portion of long-term debt:
2023 Senior Notes (a) *
3.125 %— 766.1 
2023 Senior Notes *
4.200 %499.6 499.6 
2024 Euro Senior Notes **
2.250 %1,105.7 1,135.8 
2024 Euro Senior Notes ****
1.023 %846.5 871.6 
2025 Euro Senior Notes *
2.125 %552.7 567.8 
2025 Senior Notes ***
1.650 %762.4 763.4 
2026 Senior Notes **
3.950 %2,241.9 2,241.4 
2027 Euro Senior Notes ****
1.362 %984.0 1,013.0 
2027 Senior Notes ***
2.300 %779.4 780.8 
2028 Euro Senior Notes **
3.125 %825.0 847.4 
2028 Senior Notes *
4.550 %748.8 748.7 
2030 Senior Notes ***
2.700 %1,518.6 1,520.5 
2032 Euro Senior Notes ****
1.908 %1,502.8 1,546.6 
2040 Senior Notes ***
3.850 %1,655.4 1,657.1 
2043 Senior Notes *
5.400 %497.3 497.3 
2046 Senior Notes **
5.250 %999.9 999.9 
2048 Senior Notes *
5.200 %747.8 747.8 
2050 Senior Notes ***
4.000 %2,204.0 2,205.1 
YEN Term Loan Facility328.7 347.6 
Other1.9 1.9 
Deferred financing fees(39.9)(42.3)
Long-term debt$18,762.5 $19,717.1 
____________
(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, 2022 were as follows for each of the periods ending December 31:
(In millions)Total
2022$1,830 
20231,250 
20241,937 
20251,303 
20262,579 
Thereafter11,854 
Total$20,753 
Schedule of Short-term Debt
Short-Term Borrowings
The Company had $655.4 million and $1.49 billion of short-term borrowings as of March 31, 2022 and December 31, 2021, respectively.
(In millions)March 31,
2022		December 31,
2021
Commercial paper notes$328.5 $1,173.4 
Receivables Facility325.5 318.5 
Other1.4 1.1 
Short-term borrowings$655.4 $1,493.0