Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-term Debt

The table below summarizes the carrying value of the Company’s outstanding debt, net of capitalized debt issuance costs:

	Due Date	2022		2021		2020
3.45% Senior Notes	2027	$	1,492.1	$	1,490.4	$	1,488.6
4.50% Senior Notes	2047	1,232.3		1,231.6		1,230.8
2.95% Senior Notes	2029	793.6		792.6		791.7
4.05% Senior Notes	2024	596.9		—		—
3.80% Senior Notes	2049	543.2		543.0		542.8
3.125% Senior Notes	2024	499.0		498.3		497.7
2.30% Senior Notes	2030	496.7		496.2		495.8
2.20% Senior Notes	2032	494.2		493.6		—
3.30% Senior Notes	2050	494.1		493.9		493.7
2.90% Senior Notes	2052	491.5		491.3		—
3.45% Senior Notes	2025	399.1		398.7		398.3
4.25% Senior Notes	2025	397.7		—		—
4.55% Senior Notes	2045	395.0		394.7		394.5
3.95% Senior Notes	2026	354.7		356.2		357.8
4.00% Senior Notes	2042	296.9		296.7		296.6
3.30% Senior Notes	2025	249.8		249.6		249.5
4.40% Senior Notes	2045	240.5		240.0		239.6
7.375% Debentures	2027	119.2		119.2		119.1
7.45% Debentures	2097	3.5		3.5		3.5
0.53% to 8.00% Promissory Notes	Through 2026	1.6		2.0		2.3
2.75% Senior Notes	2022	—		260.0		259.6
4.20% Senior Notes	2022	—		—		405.7
0.92% Fixed Rate Loan	2021	—		—		24.4
Total (1)		9,591.6		8,851.5		8,292.0
Less amounts due within one year		0.6		260.6		25.1
Long-term debt		$	9,591.0	$	8,590.9	$	8,266.9

(1)     Net of capitalized debt issuance costs of $57.3 million, $57.6 million and $52.9 million at December 31, 2022, 2021 and 2020, respectively.

Schedule of Short-term Debt

The table below summarizes the Company’s short-term borrowings:

	2022			2021			2020
Domestic commercial paper	$	938.5		$	739.9		$	—
Foreign facilities	39.6			23.6			0.1
Total	$	978.1		$	763.5		$	0.1
Weighted average interest rate:
Domestic	4.6		%	0.3		%	—		%
Foreign	6.7		%	9.5		%	0.2		%