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Debt (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of debt

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June 30, 2019

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December 31, 2018

 

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Carrying

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Approximate

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Carrying

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Approximate

 

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Amount

    

Fair Value

    

Amount

    

Fair Value

 

Revolving Credit Facility

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$

—

 

$

—

 

$

—

 

$

—

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U.S. Commercial Paper Program

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1,048.4

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1,048.4

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554.5

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554.5

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Euro Commercial Paper Program

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244.5

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244.5

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68.8

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68.8

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2.55% Senior Notes due January 2019

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—

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—

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750.0

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749.4

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2.20% Senior Notes due April 2020

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399.9

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400.2

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399.9

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395.5

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3.125% Senior Notes due September 2021

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374.9

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380.9

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374.9

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374.2

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4.00% Senior Notes due February 2022

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499.7

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520.2

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499.6

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508.8

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3.20% Senior Notes due April 2024

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349.7

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359.0

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349.7

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334.5

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2.000% Euro Senior Notes due October 2028

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566.1

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623.9

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570.5

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572.8

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4.350% Senior Notes due June 2029

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499.5

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543.2

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—

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—

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Notes payable to foreign banks and other debt

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8.6

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8.6

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16.6

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16.6

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Less unamortized deferred debt issuance costs

 

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(18.8)

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—

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(13.8)

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—

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Total debt

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3,972.5

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4,128.9

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3,570.7

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3,575.1

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Less current portion

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403.1

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403.4

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764.3

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763.7

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Total long-term debt

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$

3,569.4

 

$

3,725.5

 

$

2,806.4

 

$

2,811.4

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