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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | Debt at December 31 consisted of the following:
| 2024 |  | 2023
Short-term commercial paper borrowings | $ | 4,337.6 |  |  | $ | 6,189.4 |
Long-term notes | 29,474.0 |  |  | 19,104.6
Other long-term debt | 6.8 |  |  | 6.5 |
Unamortized debt issuance costs | (160.8) |  |  | (90.5) |
Fair value adjustment on hedged long-term notes | (13.4) |  |  | 15.3 |
Total debt | 33,644.2 |  |  | 25,225.3 |
Less current portion | (5,117.1) |  |  | (6,904.5) |
Long-term debt | $ | 28,527.1 |  |  | $ | 18,320.8 |
Summary of Long-term Notes | The following table summarizes long-term notes at December 31:
| 2024 |  | 2023 |
0.15% Swiss franc denominated notes due 2024 | $ | — |  |  | $ | 714.6 |  |
7.125% notes due 2025 | 217.5 |  |  | 217.5 |  |
2.75% notes due 2025 | 560.6 |  |  | 560.6 |  |
5.0% notes due 2026 | 750.0 |  |  | 750.0 |  |
1.625% euro denominated notes due 2026 | 779.1 |  |  | 830.7 |  |
4.500% notes due 2027 | 1,000.0 |  |  | — |  |
5.5% notes due 2027 | 364.3 |  |  | 364.3 |  |
3.1% notes due 2027 | 401.5 |  |  | 401.5 |  |
4.150% notes due 2027 | 750.0 |  |  | — |  |
0.45% Swiss franc denominated notes due 2028 | 441.6 |  |  | 476.4 |  |
4.500% notes due 2029 | 1,000.0 |  |  | — |  |
3.375% notes due 2029 | 930.6 |  |  | 930.6 |  |
4.200% notes due 2029 | 1,000.0 |  |  | — |  |
0.42% Japanese yen denominated notes due 2029 | 145.6 |  |  | 162.5 |  |
2.125% euro denominated notes due 2030 | 779.1 |  |  | 830.7 |  |
0.625% euro denominated notes due 2031 | 623.2 |  |  | 664.6 |  |
4.7% notes due 2033 | 1,000.0 |  |  | 1,000.0 |  |
0.50% euro denominated notes due 2033 | 623.2 |  |  | 664.6 |  |
4.700% notes due 2034 | 1,500.0 |  |  | — |  |
4.600% notes due 2034 | 1,250.0 |  |  | — |  |
0.56% Japanese yen denominated notes due 2034 | 58.9 |  |  | 65.8 |  |
6.77% notes due 2036 | 158.6 |  |  | 158.6 |  |
5.55% notes due 2037 | 444.7 |  |  | 444.7 |  |
5.95% notes due 2037 | 266.8 |  |  | 266.8 |  |
3.875% notes due 2039 | 240.3 |  |  | 240.3 |  |
1.625% British pound denominated notes due 2043 | 313.8 |  |  | 318.5 |  |
4.65% notes due 2044 | 38.3 |  |  | 38.3 |  |
3.7% notes due 2045 | 386.8 |  |  | 386.8 |  |
3.95% notes due 2047 | 347.0 |  |  | 347.0 |  |
3.95% notes due 2049 | 958.2 |  |  | 958.2 |  |
1.70% euro denominated notes due 2049 | 1,038.7 |  |  | 1,107.6 |  |
0.97% Japanese yen denominated notes due 2049 | 48.5 |  |  | 54.2 |  |
2.25% notes due 2050 | 1,250.0 |  |  | 1,250.0 |  |
1.125% euro denominated notes due 2051 | 519.4 |  |  | 553.8 |  |
4.875% notes due 2053 | 1,250.0 |  |  | 1,250.0 |  |
5.000% notes due 2054 | 1,500.0 |  |  | — |  |
5.050% notes due 2054 | 1,250.0 |  |  | — |  |
4.15% notes due 2059 | 591.3 |  |  | 591.3 |  |
2.50% notes due 2060 | 850.0 |  |  | 850.0 |  |
1.375% euro denominated notes due 2061 | 727.1 |  |  | 775.3 |  |
4.95% notes due 2063 | 1,000.0 |  |  | 1,000.0 |  |
5.100% notes due 2064 | 1,500.0 |  |  | — |  |
5.200% notes due 2064 | 750.0 |  |  | — |  |
Unamortized note discounts | (130.7) |  |  | (121.2) |  |
Total long-term notes | $ | 29,474.0 |  |  | $ | 19,104.6 |  |
Schedule of Maturities of Long-term Debt | The aggregate amounts of maturities on long-term debt for the next five years are as follows:
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Maturities on long-term debt | $ | 780.9 |  |  | $ | 1,529.1 |  |  | $ | 2,515.8 |  |  | $ | 441.6 |  |  | $ | 3,076.1 |
Schedule of Additional Borrowings Disclosures | The aggregate amount of cash payments for interest on borrowings, net of capitalized interest, are as follows:
| 2024 |  | 2023 |  | 2022
Cash payments for interest on borrowings | $ | 577.5 |  |  | $ | 404.2 |  |  | $ | 323.7 |

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