Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt

Schedule of debt

		December 31, 2022				December 31, 2021
		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 $1.0 and nil at December 31, 2022 and 2021, respectively)	November 2026		632.8		632.8		795.2		795.2
Euro Commercial Paper Program	November 2026		—		—		—		—
Term Loan Credit Facility	April 2024		—		—		—		—
3.20% Senior Notes (less unamortized discount of $0.1 and $0.1 at December 31, 2022 and 2021, respectively)	April 2024		349.9		342.7		349.9		363.5
2.050% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2022 and 2021, respectively)	March 2025		399.7		376.3		399.6		407.4
0.750% Euro Senior Notes (less unamortized discount of $1.3 and $1.8 at December 31, 2022 and 2021, respectively)	May 2026		533.4		491.7		565.5		579.0
2.000% Euro Senior Notes (less unamortized discount of $1.5 and $1.9 at December 31, 2022 and 2021, respectively)	October 2028		533.2		491.5		565.4		626.7
4.350% Senior Notes (less unamortized discount of $0.3 and $0.3 at December 31, 2022 and 2021, respectively)	June 2029		499.7		477.7		499.7		567.7
2.800% Senior Notes (less unamortized discount of $0.5 and $0.6 at December 31, 2022 and 2021, respectively)	February 2030		899.5		769.2		899.4		928.3
2.200% Senior Notes (less unamortized discount of $2.4 and $2.7 at December 31, 2022 and 2021, respectively)	September 2031		747.6		596.2		747.3		733.4
Other debt	2023-2029		6.9		6.9		8.6		8.6
Less: unamortized deferred debt issuance costs			(25.0)		—		(30.7)		—
Total debt			4,577.7		4,185.0		4,799.9		5,009.8
Less: current portion			2.7		2.7		4.0		4.0
Total long-term debt		$	4,575.0	$	4,182.3	$	4,795.9	$	5,005.8

(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

2023	$	2.7
2024		350.9
2025		400.0
2026		1,168.8
2027		0.1
Thereafter		2,680.2
	$	4,602.7