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Debt Financing (Tables) | 12 Months Ended
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Dec. 31, 2023
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 |  | 2023 |  | 2022 |  |  | 2023 |  | 2022
Fixed |  |  | 4.2 | % |  | 4.0 | % |  |  | $ | 23,382.6 |  |  | $ | 22,382.0 |
Floating |  |  | 6.9 |  |  | 6.6 |  |  |  | 1,097.5 |  |  | 750.0 |
Total U.S. Dollar | 2024-2053 |  |  |  |  |  |  | 24,480.1 |  |  | 23,132.0 |
Fixed |  |  | 2.4 |  |  | 1.6 |  |  |  | 10,780.6 |  |  | 8,704.1 |
Floating |  |  | 6.6 |  |  | 5.1 |  |  |  | 331.2 |  |  | 321.2 |
Total Euro | 2024-2035 |  |  |  |  |  |  | 11,111.8 |  |  | 9,025.3 |
Fixed |  |  | 3.4 |  |  | 3.4 |  |  |  | 748.8 |  |  | 748.7 |
Floating |  |  | 5.5 |  |  | 4.3 |  |  |  | 204.4 |  |  | 204.4 |
Total Australian Dollar | 2024-2029 |  |  |  |  |  |  | 953.2 |  |  | 953.1 |
Total British Pounds Sterling - Fixed | 2032-2054 |  | 4.1 |  |  | 4.1 |  |  |  | 1,585.1 |  |  | 1,504.1 |
Total Canadian Dollar - Fixed | 2025 |  | 3.1 |  |  | 3.1 |  |  |  | 754.9 |  |  | 737.3 |
Total Japanese Yen - Fixed | 2030 |  | 2.9 |  |  | 2.9 |  |  |  | 88.6 |  |  | 95.3 |
Fixed |  |  | 0.2 |  |  | 0.2 |  |  |  | 475.4 |  |  | 432.6 |
Floating |  |  | 4.9 |  |  | 5.2 |  |  |  | 118.0 |  |  | 262.7 |
Total other currencies(2) | 2024 |  |  |  |  |  |  | 593.4 |  |  | 695.3 |
Debt obligations before fair value adjustments and deferred debt costs(3) |  |  |  |  |  |  |  | 39,567.1 |  |  | 36,142.4 |
Fair value adjustments(4) |  |  |  |  |  |  |  | (61.8) |  |  | (91.5) |
Deferred debt costs |  |  |  |  |  |  |  | (160.0) |  |  | (147.4) |
Total debt obligations |  |  |  |  |  |  |  | $ | 39,345.3 |  |  | $ | 35,903.5 |
(1)Weighted-average effective rate, computed on a semi-annual basis. (2)Consists of Swiss Francs and Korean Won. (3)Aggregate maturities for 2023 debt balances, before fair value adjustments and deferred debt costs, are as follows (in millions): 2024–$2,192.4; 2025–$3,092.7; 2026–$2,436.3; 2027–$3,113.0; 2028–$4,293.4; Thereafter-$24,439.3. These amounts include a reclassification of short-term obligations totaling $1.1 billion to long-term obligations as they are supported by a long-term line of credit agreement expiring in June 2028. (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.

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