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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2022
Long-Term Debt  
Schedule of debt

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December 31, 2022

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December 31, 2021

 

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Carrying

    

Approximate

    

Carrying

    

Approximate

 

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Maturity

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Amount

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Fair Value (1)

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Amount

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Fair Value (1)

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Revolving Credit Facility

 

November 2026

    

$

—

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$

—

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$

—

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$

—

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U.S. Commercial Paper Program (less unamortized discount of $1.0 and nil at December 31, 2022 and 2021, respectively)

 

November 2026

    

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632.8

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632.8

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795.2

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795.2

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Euro Commercial Paper Program

 

November 2026

    

​

—

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​

—

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​

—

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​

—

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Term Loan Credit Facility

 

April 2024

    

​

—

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​

—

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​

—

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—

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3.20% Senior Notes (less unamortized discount of $0.1 and $0.1 at December 31, 2022 and 2021, respectively)

 

April 2024

    

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349.9

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342.7

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349.9

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363.5

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2.050% Senior Notes (less unamortized discount of $0.3 and $0.4 at December 31, 2022 and 2021, respectively)

 

March 2025

    

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399.7

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376.3

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399.6

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407.4

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0.750% Euro Senior Notes (less unamortized discount of $1.3 and $1.8 at December 31, 2022 and 2021, respectively)

 

May 2026

    

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533.4

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491.7

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565.5

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579.0

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2.000% Euro Senior Notes (less unamortized discount of $1.5 and $1.9 at December 31, 2022 and 2021, respectively)

 

October 2028

    

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533.2

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491.5

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565.4

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626.7

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4.350% Senior Notes (less unamortized discount of $0.3 and $0.3 at December 31, 2022 and 2021, respectively)

 

June 2029

    

​

499.7

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477.7

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499.7

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567.7

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2.800% Senior Notes (less unamortized discount of $0.5 and $0.6 at December 31, 2022 and 2021, respectively)

 

February 2030

    

​

899.5

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769.2

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899.4

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928.3

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2.200% Senior Notes (less unamortized discount of $2.4 and $2.7 at December 31, 2022 and 2021, respectively)

 

September 2031

    

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747.6

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596.2

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747.3

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​

733.4

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Other debt

 

2023-2029

    

​

6.9

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​

6.9

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8.6

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8.6

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Less: unamortized deferred debt issuance costs

 

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(25.0)

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​

—

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(30.7)

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—

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Total debt

 

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4,577.7

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4,185.0

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4,799.9

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5,009.8

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Less: current portion

 

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2.7

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2.7

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4.0

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4.0

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Total long-term debt

 

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$

4,575.0

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$

4,182.3

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$

4,795.9

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$

5,005.8

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(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).

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

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2023

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$

2.7

 

2024

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350.9

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2025

​

 

400.0

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2026

​

 

1,168.8

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2027

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0.1

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Thereafter

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2,680.2

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$

4,602.7

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