December 31, 2025

December 31, 2024

 

Carrying

 

Approximate

 

Carrying

 

Approximate

Maturity

Amount

Fair Value (1)

Amount

Fair Value (1)

Revolving Credit Facility

March 2029

 

$

—

$

—

$

—

$

—

U.S. Commercial Paper Program (less unamortized discount of nil at December 31, 2025 and 2024)

March 2029

 

—

Euro Commercial Paper Program

March 2029

 

—

2.050% Senior Notes (less unamortized discount of nil at December 31, 2024)

March 2025

 

—

400.0

398.0

4.750% Senior Notes (less unamortized discount of $0.1 and $0.5 at December 31, 2025 and 2024, respectively)

March 2026

349.9

350.8

349.5

350.0

0.750% Euro Senior Notes (less unamortized discount of $0.1 and $0.5 at December 31, 2025 and 2024, respectively)

May 2026

 

586.5

584.2

518.6

505.8

5.050% Senior Notes (plus unamortized premium of $1.2 and $2.2 at December 31, 2025 and 2024, respectively)

April 2027

701.2

709.8

702.2

706.1

Floating Rate Senior Notes (less unamortized discount of nil at December 31, 2025)

November 2027

500.0

501.0

—

3.800% Senior Notes (less unamortized discount of $0.5 at December 31, 2025)

November 2027

749.5

—

4.375% Senior Notes (less unamortized discount of $0.5 at December 31, 2025)

June 2028

749.5

757.5

—

2.000% Euro Senior Notes (less unamortized discount of $0.8 and $1.1 at December 31, 2025 and 2024, respectively)

October 2028

 

585.8

578.2

518.2

505.9

3.900% Senior Notes (less unamortized discount of $0.8 at December 31, 2025)

November 2028

749.2

747.7

—

5.050% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2025 and 2024, respectively)

April 2029

449.7

463.0

449.6

452.4

4.350% Senior Notes (less unamortized discount of $0.2 and $0.2 at December 31, 2025 and 2024, respectively)

June 2029

 

499.8

502.4

499.8

489.1

2.800% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2025 and 2024, respectively)

February 2030

 

899.7

853.9

899.6

814.1

4.125% Senior Notes (less unamortized discount of $1.0 at December 31, 2025)

November 2030

999.0

993.8

—

2.200% Senior Notes (less unamortized discount of $1.6 and $1.8 at December 31, 2025 and 2024, respectively)

September 2031

 

748.4

669.4

748.2

624.9

3.125% Euro Senior Notes (less unamortized discount of $4.9 at December 31, 2025)

June 2032

699.1

697.2

—

4.400% Senior Notes (less unamortized discount of $1.5 at December 31, 2025)

February 2033

1,248.5

1,236.4

—

5.250% Senior Notes (less unamortized discount of $0.5 and $0.6 at December 31, 2025 and 2024, respectively)

April 2034

599.5

623.0

599.4

601.0

5.000% Senior Notes (less unamortized discount of $3.3 and $3.7 at December 31, 2025 and 2024, respectively)

January 2035

746.7

762.9

746.3

731.3

4.625% Senior Notes (less unamortized discount of $1.7 at December 31, 2025)

February 2036

1,598.3

1,569.1

—

5.375% Senior Notes (less unamortized discount of $7.5 and $7.8 at December 31, 2025 and 2024, respectively)

November 2054

492.5

485.8

492.2

476.1

5.300% Senior Notes (less unamortized discount of $2.7 at December 31, 2025)

November 2055

1,647.3

1,575.4

—

Other debt

2026-2032

 

1.8

4.3

Less: unamortized deferred debt issuance costs

 

(99.9)

—

(41.8)

—

Total debt

 

15,502.0

15,412.8

6,886.1

6,659.0

Less: current portion

 

937.2

935.8

401.7

399.7

Total long-term debt

 

$

14,564.8

$

14,477.0

$

6,484.4

$

6,259.3