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Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Instrument [Line Items]  
Schedule of Short-term Debt
Short-Term Borrowings
The Company did not have any short-term borrowings as of December 31, 2022 and had $1.49 billion of short-term borrowings as of December 31, 2021.
(In millions)December 31, 2022December 31, 2021
Commercial paper notes$— $1,173.4 
Receivables Facility— 318.5 
Other— 1.1 
Short-term borrowings$— $1,493.0 
Summary of Long-Term Debt
A summary of long-term debt is as follows:
($ in millions)Interest Rate as of December 31, 2022December 31,
2022		December 31,
2021
Current portion of long-term debt:
2022 Euro Senior Notes (a) ****
0.816 %— 856.6 
2022 Senior Notes (b) ***
1.125 %— 1,002.9 
2023 Senior Notes (c) *
3.125 %750.6 — 
2023 Senior Notes *4.200 %499.8 — 
Other0.7 0.9 
Deferred financing fees(0.6)(0.1)
Current portion of long-term debt$1,250.5 $1,860.3 
Non-current portion of long-term debt:
2023 Senior Notes (c) *
3.125 %— 766.1 
2023 Senior Notes *4.200 %— 499.6 
2024 Euro Senior Notes **2.250 %1,069.8 1,135.8 
2024 Euro Senior Notes ****1.023 %813.5 871.6 
2025 Euro Senior Notes *2.125 %534.8 567.8 
2025 Senior Notes ***1.650 %759.6 763.4 
2026 Senior Notes **3.950 %2,243.2 2,241.4 
2027 Euro Senior Notes ****1.362 %945.9 1,013.0 
2027 Senior Notes ***2.300 %775.3 780.8 
2028 Euro Senior Notes **3.125 %798.5 847.4 
2028 Senior Notes *4.550 %748.9 748.7 
2030 Senior Notes ***2.700 %1,512.8 1,520.5 
2032 Euro Senior Notes ****1.908 %1,444.4 1,546.6 
2040 Senior Notes ***3.850 %1,650.6 1,657.1 
2043 Senior Notes *5.400 %497.4 497.3 
2046 Senior Notes **5.250 %999.9 999.9 
2048 Senior Notes *5.200 %747.8 747.8 
2050 Senior Notes ***4.000 %2,200.8 2,205.1 
YEN Term Loan FacilityVariable305.1 347.6 
Other2.0 1.9 
Deferred financing fees(35.1)(42.3)
Long-term debt$18,015.2 $19,717.1 
____________    
(a)    The 2022 Euro Senior Notes were repaid at maturity in the second quarter of 2022.
(b)    The 2022 Senior Notes were repaid at maturity in the second quarter of 2022.
(c)    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 December 31, 2022 were as follows for each of the periods ending December 31:
(In millions)Total
2023$1,250 
20241,873 
20251,285 
20262,555 
20271,660 
Thereafter10,091 
Total$18,714