XML 74 R59.htm IDEA: XBRL DOCUMENT v3.22.4
LONG-TERM DEBT - Bank Credit Agreements (Details)
$ in Millions
1 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Nov. 09, 2021
USD ($)
Feb. 10, 2021
USD ($)
Feb. 26, 2020
USD ($)
Feb. 26, 2020
EUR (€)
Nov. 12, 2019
USD ($)
Nov. 30, 2021
USD ($)
Feb. 28, 2021
USD ($)
Feb. 29, 2020
USD ($)
Feb. 29, 2020
CAD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
acquisition
Dec. 31, 2020
USD ($)
Nov. 08, 2021
USD ($)
Feb. 26, 2020
EUR (€)
Debt Instrument [Line Items]                              
Proceeds from issuance of long-term debt                     $ 6,042,000 $ 1,499,725,000 $ 1,639,661,000    
Number of acquisitions | acquisition                       3      
Long term debt, matures in year two                     104,924,000        
Long term debt, matures in year three                     797,612,000        
Long term debt, matures in year four                     603,089,000        
Long term debt, matures in year five                     652,526,000        
Debt, long-term and short-term, combined amount $ 3,815,372,000                   3,442,620,000 $ 3,815,372,000      
Loss on early extinguishment of debt                     $ 1,481,000 1,372,000 $ 1,481,000    
4⅛% Senior Notes                              
Debt Instrument [Line Items]                              
Proceeds from issuance of debt       $ 200,000,000                      
2¼% Senior Notes                              
Debt Instrument [Line Items]                              
Proceeds from issuance of long-term debt | €         € 494,000,000                    
Debt instrument, face amount | €                             € 500,000,000
Revolving Loans and Term Loans | Bank Borrowings Under 2021 Credit Agreement                              
Debt Instrument [Line Items]                              
Debt instrument, extended term   3 years                          
Term Loan                              
Debt Instrument [Line Items]                              
Repayments of debt   $ 400,000,000                   $ 900,000,000      
Debt, weighted average interest rate 1.70%                   3.20% 1.70% 2.10%    
Loss on early extinguishment of debt             $ 500,000 $ 900,000         $ 1,500,000    
Term Loan | Bank Borrowings Under 2021 Credit Agreement                              
Debt Instrument [Line Items]                              
Proceeds from issuance of long-term debt   1,000,000,000                          
Debt instrument, face amount $ 1,000,000,000                   $ 1,000,000,000 $ 1,000,000,000      
Long term debt, matures in year two                     50,000,000        
Long term debt, matures in year three                     100,000,000        
Long term debt, matures in year four                     100,000,000        
Long term debt, matures in year five                     100,000,000        
Long term debt, matures in year six                     $ 650,000,000        
Term Loan | Bank Borrowings Under 2021 Credit Agreement, Portion Used To Repay Term Loan                              
Debt Instrument [Line Items]                              
Proceeds from issuance of debt                       400,000,000      
U S Term Loans                              
Debt Instrument [Line Items]                              
Repayments of debt                 $ 760,000,000            
Line of credit facility, interest rate at period end                     5.57%        
Canadian term loans                              
Debt Instrument [Line Items]                              
Repayments of debt                   $ 6.1          
Revolving Loan                              
Debt Instrument [Line Items]                              
Repayments of debt   600,000,000                          
Debt, long-term and short-term, combined amount $ 0                   $ 0 $ 0      
Line of credit facility, unused capacity, commitment fee percentage 0.25%                            
Debt, weighted average interest rate 1.30%                   3.00% 1.30% 1.90%    
Multicurrency Revolving Loan Facility                              
Debt Instrument [Line Items]                              
Line of credit facility, maximum borrowing capacity                     $ 125,000,000     $ 1,200,000,000  
Letters of credit facing fee                     $ 500        
Letters of credit facing fee percentage                     0.25%        
Multicurrency Revolving Loan Facility | Bank Borrowings Under 2021 Credit Agreement                              
Debt Instrument [Line Items]                              
Line of credit facility, maximum borrowing capacity   $ 1,500,000,000                          
Term Loan Under Senior Secured Credit Facilities                              
Debt Instrument [Line Items]                              
Interest rate swap agreement, rate 2.20%                   3.30% 2.20% 2.40%    
Revolving Loans Maintained As Initial RFR Loans | Initial RFR                              
Debt Instrument [Line Items]                              
Debt instrument, margin                     1.2826%        
Term Loans Maintained as Eurocurrency Rate Transitioned RFR Loans and CDOR Rate Loans | Eurocurrency Rate, and Transitioned RFR Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin                     1.50%        
Revolving Loans Maintained as Eurocurrency Rate, Transitioned RFR Loans, and CDOR Rate Loans | Eurocurrency Rate, Transitioned RFR Rate, and CDOR Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin                     1.25%        
Multicurrency Incremental Loan Facility                              
Debt Instrument [Line Items]                              
Line of credit facility, maximum borrowing capacity                     $ 1,250,000,000        
Senior Notes | 4⅛% Senior Notes                              
Debt Instrument [Line Items]                              
Proceeds from issuance of long-term debt       196,500,000   $ 394,700,000                  
Debt instrument, face amount       $ 200,000,000   $ 400,000,000                  
Stated interest rate                     4.125%        
Debt, long-term and short-term, combined amount $ 600,000,000                   $ 600,000,000 $ 600,000,000      
Senior Notes | 2¼% Senior Notes                              
Debt Instrument [Line Items]                              
Debt instrument, face amount | €                             € 500,000,000
Stated interest rate                     2.25%        
Debt, long-term and short-term, combined amount 568,600,000                   $ 533,600,000 568,600,000      
Senior Notes | 1.4% Senior Secured Notes                              
Debt Instrument [Line Items]                              
Proceeds from issuance of long-term debt     $ 499,700,000                        
Debt instrument, face amount     $ 500,000,000                        
Stated interest rate     1.40%               1.40%        
Debt, long-term and short-term, combined amount $ 500,000,000                   $ 500,000,000 $ 500,000,000      
Senior Notes | 1.4% Senior Secured Notes, Portion Used to Repay Term Loan                              
Debt Instrument [Line Items]                              
Proceeds from issuance of debt     $ 500,000,000                        
Term Loans Maintained as Base Rate Loan | Base Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin                     0.50%        
Revolving Loan Maintained as Base Rate Loan And Canadian Prime Rate loan | Base Rate and Canadian Prime Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin                     0.25%        
Minimum | Term Loan | Bank Borrowings Under 2021 Credit Agreement | Base Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   0.25%                          
Minimum | Revolving Loan                              
Debt Instrument [Line Items]                              
Line of credit facility, unused capacity, commitment fee percentage                     0.20%        
Minimum | Eurocurrency Rate Loan and Transitioned RFR Loans | Bank Borrowings Under 2021 Credit Agreement | Eurocurrency Rate and Transitioned RFR                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.25%                          
Minimum | Revolving Loans and Swingline Loans | Bank Borrowings Under 2021 Credit Agreement | U.S. Dollar-denominated Base Rate and Canadian Dollar-Denominated Prime Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   0.00%                          
Minimum | Eurocurrency Rate Loan, Transitional RFR Loans and CDOR Rate Loans | Bank Borrowings Under 2021 Credit Agreement | Eurocurrency Rate, Transitioned RFR Rate, and CDOR Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.00%                          
Minimum | Revolving Loans Maintained As Initial RFR Loans | Bank Borrowings Under 2021 Credit Agreement | Initial RFR                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.0326%                          
Minimum | Multicurrency Incremental Loan Facility                              
Debt Instrument [Line Items]                              
Additional borrowing capacity                     $ 50,000,000        
Maximum | Term Loan | Bank Borrowings Under 2021 Credit Agreement | Base Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   0.75%                          
Maximum | Revolving Loan                              
Debt Instrument [Line Items]                              
Line of credit facility, unused capacity, commitment fee percentage                     0.30%        
Maximum | Eurocurrency Rate Loan and Transitioned RFR Loans | Bank Borrowings Under 2021 Credit Agreement | Eurocurrency Rate and Transitioned RFR                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.75%                          
Maximum | Revolving Loans and Swingline Loans | Bank Borrowings Under 2021 Credit Agreement | U.S. Dollar-denominated Base Rate and Canadian Dollar-Denominated Prime Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   0.50%                          
Maximum | Eurocurrency Rate Loan, Transitional RFR Loans and CDOR Rate Loans | Bank Borrowings Under 2021 Credit Agreement | Eurocurrency Rate, Transitioned RFR Rate, and CDOR Rate                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.50%                          
Maximum | Revolving Loans Maintained As Initial RFR Loans | Bank Borrowings Under 2021 Credit Agreement | Initial RFR                              
Debt Instrument [Line Items]                              
Debt instrument, margin   1.5326%