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Debt Financing (Tables)

12 Months Ended

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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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.

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