Debt (Tables)

6 Months Ended

Jun. 30, 2026

Debt

Schedule of debt

	June 30, 2026				December 31, 2025
	Carrying		Approximate		Carrying		Approximate
	Amount		Fair Value		Amount		Fair Value
Revolving Credit Facility
Revolving Credit Facility	$	—	$	—	$	—	$	—
Commercial Paper Programs
U.S. Commercial Paper Program		—		—		—		—
Euro Commercial Paper Program		—		—		—		—
Delayed Draw Term Loans
364-Day Delayed Draw Term Loan		934.1		934.1		—		—
Three-Year Delayed Draw Term Loan		1,534.1		1,534.1		—		—
U.S. Senior Notes
4.750% Senior Notes due March 2026		—		—		349.9		350.8
5.050% Senior Notes due April 2027		700.7		703.1		701.2		709.8
Floating Rate Senior Notes due November 2027		500.0		500.9		500.0		501.0
3.800% Senior Notes due November 2027		749.7		744.3		749.5		749.5
4.375% Senior Notes due June 2028		749.6		749.3		749.5		757.5
3.900% Senior Notes due November 2028		749.4		740.6		749.2		747.7
5.050% Senior Notes due April 2029		449.8		456.6		449.7		463.0
4.350% Senior Notes due June 2029		499.9		498.9		499.8		502.4
2.800% Senior Notes due February 2030		899.8		844.8		899.7		853.9
4.125% Senior Notes due November 2030		999.1		978.3		999.0		993.8
2.200% Senior Notes due September 2031		748.6		664.1		748.4		669.4
4.400% Senior Notes due February 2033		1,248.6		1,212.4		1,248.5		1,236.4
5.250% Senior Notes due April 2034		599.5		608.7		599.5		623.0
5.000% Senior Notes due January 2035		746.9		745.6		746.7		762.9
4.625% Senior Notes due February 2036		1,598.4		1,540.8		1,598.3		1,569.1
5.375% Senior Notes due November 2054		492.6		483.0		492.5		485.8
5.300% Senior Notes due November 2055		1,647.3		1,559.6		1,647.3		1,575.4
Euro Senior Notes
0.750% Euro Senior Notes due May 2026		—		—		586.5		584.2
2.000% Euro Senior Notes due October 2028		569.5		559.7		585.8		578.2
3.375% Euro Senior Notes due May 2029		684.1		689.0		—		—
3.625% Euro Senior Notes due March 2031		569.3		577.6		—		—
3.125% Euro Senior Notes due June 2032		679.8		674.8		699.1		697.2
3.875% Euro Senior Notes due May 2034		570.0		582.7		—		—
Other debt		8.2		8.2		1.8		1.8
Less: unamortized deferred debt issuance costs		(117.7)		—		(99.9)		—
Total debt		18,811.3		18,591.2		15,502.0		15,412.8
Less: current portion		1,634.3		1,636.7		937.2		935.8
Total long-term debt	$	17,177.0	$	16,954.5	$	14,564.8	$	14,477.0