Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Long-Term Debt

Schedule of debt

		December 31, 2021				December 31, 2020
		Carrying		Approximate		Carrying		Approximate
	Maturity	Amount		Fair Value (1)		Amount		Fair Value (1)
Revolving Credit Facility	November 2026	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program (less unamortized discount of nil and nil at December 31, 2021 and 2020, respectively)	November 2026		795.2		795.2		—		—
Euro Commercial Paper Program (plus unamortized premium of nil and nil at December 31, 2021 and 2020, respectively)	November 2026		—		—		—		—
3.125% Senior Notes (less unamortized discount of nil at December 31, 2020	September 2021		—		—		227.7		231.6
4.00% Senior Notes (less unamortized discount of $0.1 at December 31, 2020	February 2022		—		—		294.9		303.6
3.20% Senior Notes (less unamortized discount of $0.1 and $0.2 at December 31, 2021 and 2020, respectively)	April 2024		349.9		363.5		349.8		378.1
2.050% Senior Notes (less unamortized discount of $0.4 and $0.6 at December 31, 2021 and 2020, respectively)	March 2025		399.6		407.4		399.4		420.7
0.750% Euro Senior Notes (less unamortized discount of $1.8 and $2.4 at December 31, 2021 and 2020, respectively)	May 2026		565.5		579.0		608.4		633.6
2.000% Euro Senior Notes (less unamortized discount of $1.9 and $2.4 at December 31, 2021 and 2020, respectively)	October 2028		565.4		626.7		608.4		694.9
4.350% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2021 and 2020, respectively)	June 2029		499.7		567.7		499.6		608.4
2.800% Senior Notes (less unamortized discount of $0.6 and $0.6 at December 31, 2021 and 2020, respectively)	February 2030		899.4		928.3		899.4		987.8
2.200% Senior Notes (less unamortized discount of $2.7 at December 31, 2021	September 2031		747.3		733.4		—		—
Other debt	2022-2032		8.6		8.6		6.7		6.7
Less: unamortized deferred debt issuance costs			(30.7)		—		(27.8)		—
Total debt			4,799.9		5,009.8		3,866.5		4,265.4
Less: current portion			4.0		4.0		230.3		234.2
Total long-term debt		$	4,795.9	$	5,005.8	$	3,636.2	$	4,031.2

(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

2022	$	4.0
2023		1.1
2024		350.1
2025		400.4
2026		1,362.6
Thereafter		2,712.4
	$	4,830.6