XML 62 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

Debt Financing (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
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 used to hedge debt).
|  |  | Interest rates(1) December 31 |  |  | Amounts outstanding December 31
In millions of U.S. Dollars | Maturity dates |  | 2020 |  | 2019 |  |  | 2020 |  | 2019
Fixed |  |  | 3.9 | % |  | 4.0 | % |  |  | $ | 22,734.5 |  |  | $ | 19,340.2 |
Floating |  |  | 0.9 |  |  | 2.2 |  |  |  | 1,150.0 |  |  | 2,049.3 |
Total U.S. Dollar | 2021-2050 |  |  |  |  |  |  | 23,884.5 |  |  | 21,389.5 |
Fixed |  |  | 1.5 |  |  | 1.5 |  |  |  | 9,453.9 |  |  | 8,671.8 |
Floating |  |  | 2.1 |  |  | 2.3 |  |  |  | 366.5 |  |  | 337.0 |
Total Euro | 2021-2031 |  |  |  |  |  |  | 9,820.4 |  |  | 9,008.8 |
Fixed |  |  | 3.4 |  |  | 3.4 |  |  |  | 845.1 |  |  | 771.0 |
Floating |  |  | 1.2 |  |  | 2.0 |  |  |  | 230.8 |  |  | 210.6 |
Total Australian Dollar | 2024-2029 |  |  |  |  |  |  | 1,075.9 |  |  | 981.6 |
Total British Pounds Sterling - Fixed | 2032-2054 |  | 4.2 |  |  | 4.6 |  |  |  | 1,156.4 |  |  | 1,386.3 |
Total Canadian Dollar - Fixed | 2021-2025 |  | 3.1 |  |  | 3.1 |  |  |  | 784.9 |  |  | 768.6 |
Total Japanese Yen - Fixed | 2030 |  | 2.9 |  |  | 2.9 |  |  |  | 121.1 |  |  | 115.1 |
Fixed |  |  | 0.2 |  |  | 0.2 |  |  |  | 451.9 |  |  | 413.8 |
Floating |  |  | 1.9 |  |  | 2.2 |  |  |  | 265.7 |  |  | 241.8 |
Total other currencies(2) | 2021-2024 |  |  |  |  |  |  | 717.6 |  |  | 655.6 |
Debt obligations before fair value adjustments and deferred debt costs(3) |  |  |  |  |  |  |  | 37,560.8 |  |  | 34,305.5 |
Fair value adjustments(4) |  |  |  |  |  |  |  | 35.8 |  |  | 12.1 |
Deferred debt costs |  |  |  |  |  |  |  | (156.2) |  |  | (140.4) |
Total debt obligations |  |  |  |  |  |  |  | $ | 37,440.4 |  |  | $ | 34,177.2 |
(1)Weighted-average effective rate, computed on a semi-annual basis. (2)Consists of Swiss Francs and Korean Won. (3)Aggregate maturities for 2020 debt balances, before fair value adjustments and deferred debt costs, are as follows (in millions): 2021–$2,243.6; 2022–$2,332.2; 2023–$2,643.9; 2024–$3,300.7; 2025–$3,159.6; Thereafter–$23,880.8. These amounts include a reclassification of short-term obligations totaling $268.9 million to long-term obligations as they are supported by a long-term line of credit agreement expiring in December 2024. (4)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 instruments are also recorded at fair value on the Consolidated Balance Sheet.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration