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Debt Financing (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of Debt Obligations
The following table summarizes the Company’s debt obligations (interest rates and debt amounts reflected in the table include the effects of interest rate swaps).
 
 
 
Interest rates(1)
December 31
 
 
 
Amounts outstanding
December 31
 
In millions of U.S. Dollars
Maturity dates
 
2016

 
2015

 
 
2016

 
2015

Fixed
 
 
4.0
%
 
4.0
%
 
 
$
13,889.7

 
$
14,190.6

Floating
 
 
3.4

 
3.3

 
 
3,249.8

 
3,019.6

Total U.S. Dollars
2017-2045
 
 
 
 
 
 
17,139.5

 
17,210.2

Fixed
 
 
1.7

 
2.4

 
 
6,127.5

 
3,951.9

Floating
 
 
0.3

 
0.3

 
 
1,170.9

 
665.9

Total Euro
2017-2029
 
 
 
 
 
 
7,298.4

 
4,617.8

Total British Pounds Sterling - Fixed
2020-2054
 
5.3

 
5.3

 
 
921.3

 
1,100.1

Total Chinese Renminbi - Floating(2)

 
—

 
4.3

 
 
—

 
491.8

Fixed
 
 
2.9

 
2.9

 
 
106.9

 
104.0

Floating
 
 
—

 
0.3

 
 
—

 
208.0

Total Japanese Yen
2030
 
 
 
 
 
 
106.9

 
312.0

Fixed
 
 
0.5

 
2.1

 
 
416.9

 
264.7

Floating
 
 
2.2

 
3.1

 
 
182.7

 
229.7

Total other currencies(3)
2017-2056
 
 
 
 
 
 
599.6

 
494.4

Debt obligations before fair value adjustments and deferred debt costs(4)
 
 
 
 
 
 
 
26,065.7

 
24,226.3

Fair value adjustments(5)
 
 
 
 
 
 
 
—

 
1.8

Deferred debt costs
 
 
 
 
 
 
 
(110.0
)
 
(106.0
)
Total debt obligations
 
 
 
 
 
 
 
$
25,955.7

 
$
24,122.1

(1)
Weighted-average effective rate, computed on a semi-annual basis.
(2)
2016 excludes $297 million of Short-Term borrowings that was reclassified to liabilities of businesses held for sale on the consolidated balance sheet.
(3)
Primarily consists of Swiss Francs and Korean Won.
(4)
Aggregate maturities for 2016 debt balances, before fair value adjustments and deferred debt costs, are as follows (in millions): 2017–$77.2; 2018–$1,756.0; 2019–$3,932.7; 2020–$2,395.8; 2021–$1,555.2; Thereafter–$16,348.8. These amounts include a reclassification of short-term obligations totaling $2.5 billion to long-term obligations as they are supported by a long-term line of credit agreement expiring in December 2019.
(5)
The carrying value of underlying items in fair value hedges, in this case debt obligations, are adjusted for fair value changes to the extent they are attributable to the risk designated as being hedged. The related hedging instrument is also recorded at fair value in prepaid expenses and other current assets, miscellaneous other assets or other long-term liabilities.