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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Long-Term Debt

Schedule of debt


				December 31, 2020						December 31, 2019
				Carrying			Approximate			Carrying			Approximate
		Maturity		Amount			Fair Value (1)			Amount			Fair Value (1)
Revolving Credit Facility		January 2024		$	—		$	—		$	—		$	—
U.S. Commercial Paper Program (less unamortized discount of nil and nil at December 31, 2020 and 2019, respectively)		January 2024			—			—			160.0			160.0
Euro Commercial Paper Program (plus unamortized premium of nil and nil at December 31, 2020 and 2019, respectively)		January 2024			—			—			235.5			235.5
2.20% Senior Notes (less unamortized discount of nil at December 31, 2019)		April 2020			—			—			400.0			400.0
3.125% Senior Notes (less unamortized discount of nil and $0.1 at December 31, 2020 and 2019, respectively)		September 2021			227.7			231.6			227.6			231.0
4.00% Senior Notes (less unamortized discount of $0.1 and $0.2 at December 31, 2020 and 2019, respectively)		February 2022			294.9			303.6			294.8			304.0
3.20% Senior Notes (less unamortized discount of $0.2 and $0.2 at December 31, 2020 and 2019, respectively)		April 2024			349.8			378.1			349.8			363.7
2.050% Senior Notes (less unamortized discount of $0.6 at December 31, 2020)		March 2025			399.4			420.7			—			—
0.750% Euro Senior Notes (less unamortized discount of $2.4 at December 31, 2020)		May 2026			608.4			633.6			—			—
2.000% Euro Senior Notes (less unamortized discount of $2.4 and $2.5 at December 31, 2020 and 2019, respectively)		October 2028			608.4			694.9			558.2			622.8
4.350% Senior Notes (less unamortized discount of $0.4 and $0.4 at December 31, 2020 and 2019, respectively)		June 2029			499.6			608.4			499.6			562.9
2.800% Senior Notes (less unamortized discount of $0.6 and $0.7 at December 31, 2020 and 2019, respectively)		February 2030			899.4			987.8			899.3			897.3
Other debt		2021-2032			6.7			6.7			5.5			5.5
Less unamortized deferred debt issuance costs					(27.8)			—			(23.6)			—
Total debt					3,866.5			4,265.4			3,606.7			3,782.7
Less current portion					230.3			234.2			403.3			403.3
Total long-term debt				$	3,636.2		$	4,031.2		$	3,203.4		$	3,379.4

(1)	The fair value of each series of the Company’s Senior Notes is based on recent bid prices in an active market and is therefore classified as Level 1 in the fair value hierarchy (Note 5).

Schedule of maturity of the Company's debt (exclusive of unamortized deferred debt issuance costs) over each of the next five years and thereafter


2021		$	230.5
2022			295.6
2023			0.7
2024			350.5
2025			400.0
Thereafter			2,617.0
		$	3,894.3