Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt

Schedule of debt

	March 31, 2026				December 31, 2025
	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		1,534.1		1,534.1		—		—
Three-Year Delayed Draw Term Loan		1,534.1		1,534.1		—		—
4.750% Senior Notes due March 2026		—		—		349.9		350.8
0.750% Euro Senior Notes due May 2026		576.9		575.5		586.5		584.2
5.050% Senior Notes due April 2027		700.9		705.4		701.2		709.8
Floating Rate Senior Notes due November 2027		500.0		499.8		500.0		501.0
3.800% Senior Notes due November 2027		749.6		746.0		749.5		749.5
4.375% Senior Notes due June 2028		749.5		752.1		749.5		757.5
2.000% Euro Senior Notes due October 2028		576.1		559.4		585.8		578.2
3.900% Senior Notes due November 2028		749.3		744.2		749.2		747.7
5.050% Senior Notes due April 2029		449.7		459.4		449.7		463.0
4.350% Senior Notes due June 2029		499.9		501.2		499.8		502.4
2.800% Senior Notes due February 2030		899.7		848.0		899.7		853.9
4.125% Senior Notes due November 2030		999.0		986.0		999.0		993.8
3.625% Euro Senior Notes due March 2031		575.9		577.7		—		—
2.200% Senior Notes due September 2031		748.5		665.3		748.4		669.4
3.125% Euro Senior Notes due June 2032		687.6		671.7		699.1		697.2
4.400% Senior Notes due February 2033		1,248.6		1,221.0		1,248.5		1,236.4
5.250% Senior Notes due April 2034		599.5		613.1		599.5		623.0
5.000% Senior Notes due January 2035		746.8		749.2		746.7		762.9
4.625% Senior Notes due February 2036		1,598.4		1,547.4		1,598.3		1,569.1
5.375% Senior Notes due November 2054		492.5		477.9		492.5		485.8
5.300% Senior Notes due November 2055		1,647.3		1,549.7		1,647.3		1,575.4
Other debt		1.4		1.4		1.8		1.8
Less: unamortized deferred debt issuance costs		(116.4)		—		(99.9)		—
Total debt		18,748.9		18,519.6		15,502.0		15,412.8
Less: current portion		2,109.6		2,110.5		937.2		935.8
Total long-term debt	$	16,639.3	$	16,409.1	$	14,564.8	$	14,477.0