Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-Term Debt

Schedule of debt

		December 31, 2019				December 31, 2018
		Carrying		Approximate		Carrying		Approximate
	Maturity	Amount		Fair Value (1)		Amount		Fair Value (1)
Revolving Credit Facility	January 2024	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program (less unamortized discount of nil and $0.5 at December 31, 2019 and 2018, respectively)	January 2024		160.0		160.0		554.5		554.5
Euro Commercial Paper Program (plus unamortized premium of nil and nil at December 31, 2019 and 2018, respectively)	January 2024		235.5		235.5		68.8		68.8
2.55% Senior Notes (less unamortized discount of nil at December 31, 2018)	January 2019		—		—		750.0		749.4
2.20% Senior Notes (less unamortized discount of nil and $0.1 at December 31, 2019 and 2018, respectively)	April 2020		400.0		400.0		399.9		395.5
3.125% Senior Notes (less unamortized discount of $0.1 and $0.1 at December 31, 2019 and 2018, respectively)	September 2021		227.6		231.0		374.9		374.2
4.00% Senior Notes (less unamortized discount of $0.2 and $0.4 at December 31, 2019 and 2018, respectively)	February 2022		294.8		304.0		499.6		508.8
3.20% Senior Notes (less unamortized discount of $0.2 and $0.3 at December 31, 2019 and 2018, respectively)	April 2024		349.8		363.7		349.7		334.5
2.000% Euro Senior Notes (less unamortized discount of $2.5 and $2.8 at December 31, 2019 and 2018, respectively)	October 2028		558.2		622.8		570.5		572.8
4.350% Senior Notes (less unamortized discount of $0.4 at December 31, 2019)	June 2029		499.6		562.9		—		—
2.800% Senior Notes (less unamortized discount of $0.7 at December 31, 2019)	February 2030		899.3		897.3		—		—
Notes payable to foreign banks and other debt	2020-2032		5.5		5.5		16.6		16.6
Less unamortized deferred debt issuance costs			(23.6)		—		(13.8)		—
Total debt			3,606.7		3,782.7		3,570.7		3,575.1
Less current portion			403.3		403.3		764.3		763.7
Total long-term debt		$	3,203.4	$	3,379.4	$	2,806.4	$	2,811.4

(1) The fair value of each series of the Company’s Senior Notes is based on recent bid prices in an active market and is therefore classified as Level 1 in the fair value hierarchy (Note 5).

Schedule of maturity of the Company's debt (exclusive of unamortized deferred debt issuance costs) over each of the next five years and thereafter

2020	$	403.5
2021		228.2
2022		295.2
2023		0.3
2024		745.5
Thereafter		1,957.6
	$	3,630.3