Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt

Schedule of debt

	September 30, 2025				December 31, 2024
	Carrying		Approximate		Carrying		Approximate
	Amount		Fair Value		Amount		Fair Value
Revolving Credit Facility	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program		—		—		—		—
Euro Commercial Paper Program		—		—		—		—
364-Day Delayed Draw Term Loan		—		—		—		—
Three-Year Delayed Draw Term Loan		—		—		—		—
2.050% Senior Notes due March 2025		—		—		400.0		398.0
4.750% Senior Notes due March 2026		349.8		351.1		349.5		350.0
0.750% Euro Senior Notes due May 2026		586.8		580.8		518.6		505.8
5.050% Senior Notes due April 2027		701.4		711.2		702.2		706.1
4.375% Senior Notes due June 2028		749.4		759.1		—		—
2.000% Euro Senior Notes due October 2028		586.1		576.0		518.2		505.9
5.050% Senior Notes due April 2029		449.7		463.7		449.6		452.4
4.350% Senior Notes due June 2029		499.8		504.1		499.8		489.1
2.800% Senior Notes due February 2030		899.7		850.8		899.6		814.1
2.200% Senior Notes due September 2031		748.4		665.8		748.2		624.9
3.125% Euro Senior Notes due June 2032		699.2		694.8		—		—
5.250% Senior Notes due April 2034		599.5		623.2		599.4		601.0
5.000% Senior Notes due January 2035		746.6		765.2		746.3		731.3
5.375% Senior Notes due November 2054		492.4		497.1		492.2		476.1
Other debt		2.2		2.2		4.3		4.3
Less: unamortized deferred debt issuance costs		(43.9)		—		(41.8)		—
Total debt		8,067.1		8,045.1		6,886.1		6,659.0
Less: current portion		937.6		932.9		401.7		399.7
Total long-term debt	$	7,129.5	$	7,112.2	$	6,484.4	$	6,259.3