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Debt (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
A summary of long-term debt is as follows:
($ in millions)Interest Rate as of September 30, 2024September 30,
2024
December 31,
2023
Current portion of long-term debt:
2024 Euro Senior Notes **
2.250 %1,113.4 1,103.5 
2024 Euro Senior Notes (a) ****
1.023 %— 831.5 
2025 Euro Senior Notes (b)*
2.125 %325.0 — 
Other0.6 0.4 
Deferred financing fees(0.3)(0.7)
Current portion of long-term debt$1,438.7 $1,934.7 
Non-current portion of long-term debt:
2025 Euro Senior Notes (b)*
2.125 %— 551.7 
2025 Senior Notes (b)***
1.650 %— 755.7 
2026 Senior Notes (b)**
3.950 %1,672.4 2,245.1 
2027 Euro Senior Notes ****
1.362 %969.3 967.2 
2027 Senior Notes ***
2.300 %765.6 769.8 
2028 Euro Senior Notes **
3.125 %831.8 824.1 
2028 Senior Notes *
4.550 %749.2 749.1 
2030 Senior Notes ***
2.700 %1,499.0 1,505.0 
2032 Euro Senior Notes ****
1.908 %1,482.8 1,478.4 
2040 Senior Notes ***
3.850 %1,638.9 1,644.0 
2043 Senior Notes *
5.400 %497.5 497.5 
2046 Senior Notes **
5.250 %999.9 999.9 
2048 Senior Notes *
5.200 %747.9 747.8 
2050 Senior Notes ***
4.000 %2,192.8 2,196.3 
YEN Term Loan FacilityVariable278.5 283.6 
Other3.0 2.4 
Deferred financing fees(25.2)(29.5)
Long-term debt$14,303.4 $16,188.1 
____________
(a)    The 2024 Euro Senior Notes were repaid at maturity in the second quarter of 2024.
(b)    Refer to Senior Notes Repayment section below for additional details.
*    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 September 30, 2024 were as follows for each of the periods ending December 31:
(In millions)Total
2024$1,114 
2025 (a)
325 
20261,953 
20271,696 
20281,585 
Thereafter8,592 
Total$15,265 
____________
(a)    The 2025 Euro Senior Notes were fully redeemed on October 16, 2024.