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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt  
Schedule of debt

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December 31, 2024

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December 31, 2023

 

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Carrying

    

Approximate

    

Carrying

    

Approximate

 

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Maturity

​

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

 

March 2029

    

$

—

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$

—

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$

—

​

$

—

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U.S. Commercial Paper Program (less unamortized discount of nil at December 31, 2024 and 2023)

 

March 2029

    

​

—

​

​

—

​

​

—

​

​

—

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Euro Commercial Paper Program

 

March 2029

    

​

—

​

​

—

​

​

—

​

​

—

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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 nil at December 31, 2023)

 

April 2024

    

​

—

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​

—

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350.0

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348.4

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2.050% Senior Notes (less unamortized discount of nil and $0.2 at December 31, 2024 and 2023, respectively)

 

March 2025

    

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400.0

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398.0

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399.8

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386.8

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4.750% Senior Notes (less unamortized discount of $0.5 and $0.9 at December 31, 2024 and 2023, respectively)

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March 2026

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349.5

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350.0

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349.1

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350.6

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0.750% Euro Senior Notes (less unamortized discount of $0.5 and $0.9 at December 31, 2024 and 2023, respectively)

 

May 2026

    

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518.6

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505.8

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551.7

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523.4

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5.050% Senior Notes (plus unamortized premium of $2.2 at December 31, 2024)

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April 2027

​

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702.2

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706.1

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​

—

​

​

—

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2.000% Euro Senior Notes (less unamortized discount of $1.1 and $1.3 at December 31, 2024 and 2023, respectively)

 

October 2028

    

​

518.2

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505.9

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551.4

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531.4

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5.050% Senior Notes (less unamortized discount of $0.4 at December 31, 2024)

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April 2029

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449.6

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452.4

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​

—

​

​

—

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4.350% Senior Notes (less unamortized discount of $0.2 and $0.2 at December 31, 2024 and 2023, respectively)

 

June 2029

    

​

499.8

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489.1

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499.8

​

​

497.2

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2.800% Senior Notes (less unamortized discount of $0.4 and $0.4 at December 31, 2024 and 2023, respectively)

 

February 2030

    

​

899.6

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814.1

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899.6

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817.6

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2.200% Senior Notes (less unamortized discount of $1.8 and $2.1 at December 31, 2024 and 2023, respectively)

 

September 2031

    

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748.2

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624.9

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747.9

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629.9

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5.250% Senior Notes (less unamortized discount of $0.6 at December 31, 2024)

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April 2034

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599.4

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601.0

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​

—

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​

—

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5.000% Senior Notes (less unamortized discount of $3.7 at December 31, 2024)

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January 2035

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746.3

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731.3

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​

—

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​

—

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5.375% Senior Notes (less unamortized discount of $7.8 at December 31, 2024)

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November 2054

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492.2

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476.1

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​

—

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​

—

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Other debt

 

2025-2031

    

​

4.3

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​

4.3

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9.5

​

​

9.5

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Less: unamortized deferred debt issuance costs

 

​

    

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(41.8)

​

​

—

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(21.5)

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​

—

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Total debt

 

​

    

​

6,886.1

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6,659.0

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4,337.3

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4,094.8

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Less: current portion

 

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401.7

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399.7

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353.8

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352.2

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Total long-term debt

 

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$

6,484.4

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$

6,259.3

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$

3,983.5

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$

3,742.6

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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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2025

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$

401.9

 

2026

​

 

869.4

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2027

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702.8

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2028

​

 

518.5

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2029

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949.5

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Thereafter

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3,485.8

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$

6,927.9

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