Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt Obligations

Debt Obligations

	As of
	March 31, 2023		December 31, 2022
	(In millions)
Long-term debt
CAD 500 million 2.84% notes due July 2023	$	369.9	$	368.9
EUR 800 million 1.25% notes due July 2024	867.1		856.4
CAD 500 million 3.44% notes due July 2026	369.9		368.9
$2.0 billion 3.0% notes due July 2026	2,000.0		2,000.0
$1.1 billion 5.0% notes due May 2042	1,100.0		1,100.0
$1.8 billion 4.2% notes due July 2046	1,800.0		1,800.0
Finance leases	61.1		61.5
Other	25.5		25.4
Less: unamortized debt discounts and debt issuance costs	(38.6)		(39.7)
Total long-term debt (including current portion)	6,554.9		6,541.4
Less: current portion of long-term debt	(377.2)		(376.2)
Total long-term debt	$	6,177.7	$	6,165.2
Short-term borrowings(1)	35.5		20.9
Current portion of long-term debt	377.2		376.2
Current portion of long-term debt and short-term borrowings	$	412.7	$	397.1

(1)Our short-term borrowings include bank overdrafts, borrowings on our overdraft facilities and other items.

As of March 31, 2023, we had $27.5 million in bank overdrafts and $53.6 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $26.1 million. As of December 31, 2022, we had $15.9 million in bank overdrafts and $49.7 million in bank cash related to our cross-border, cross-currency cash pool for a net positive position of $33.8 million.

In addition, we have CAD, GBP and USD overdraft facilities under which we had no outstanding borrowings as of March 31, 2023 and December 31, 2022. See further detail within Part II—Item 8 Financial Statements, Note 13, "Commitments and Contingencies" in our Annual Report for further discussion related to letters of credit.