Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Borrowings

The carrying amounts of borrowings are summarized as follows:

	As of December 31
	2023					2022
	Effective					Effective
	Rate			Borrowings		Rate			Borrowings
Commercial paper		5.3	%	$	2,842.4		4.1	%	$	1,657.7
Medium-term notes		3.2	%		6,071.7		2.1	%		5,814.5
		3.9	%	$	8,914.1		2.6	%	$	7,472.2

Summary of Annual Maturities

The annual principal maturities of the borrowings are as follows:

	Commercial		Term
	Paper		Notes		Total
2024	$	2,851.9	$	1,800.0	$	4,651.9
2025				1,700.0		1,700.0
2026				1,700.0		1,700.0
2027				300.0		300.0
2028				600.0		600.0
	$	2,851.9	$	6,100.0	$	8,951.9