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Debt (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments [Table Text Block] | Long-term debt consisted of the following at March 31, 2022 and December 31, 2021:
(in millions) |  | March 31, 2022 |  | December 31, 2021
€15.0 million fixed rate notes due May 2023, stated rate of 4.30% |  | 16.6 |  |  | 16.8 |
$750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1) |  | 747.9 |  |  | 747.7 |
$500.0 million fixed rate notes due June 2028, stated rate of 3.75% |  | 497.3 |  |  | 497.2 |
$750.0 million fixed rate notes due March 2032, stated rate of 2.65% |  | 741.2 |  |  | — |
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2) |  | 743.4 |  |  | 743.4 |
$700.0 million fixed rate notes due June 2048, stated rate of 4.15% |  | 690.7 |  |  | 690.6 |
Total long-term debt |  | $ | 3,437.1 |  |  | $ | 2,695.7 |
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.11%. (2)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 4.73%.
Schedule of Maturities of Long-term Debt [Table Text Block] | Long-term debt maturities, at par value (in U.S. dollar equivalent), were as follows at March 31, 2022:
(in millions) | Par Value
2023 | $ | 16.7 |
2024 | — |
2025 | 750.0 |
2026 | — |
2027 | — |
Thereafter | 2,700.0 |
Schedule of Short-term Debt | Short-term debt consisted of the following at March 31, 2022 and December 31, 2021:
(in millions) |  | March 31, 2022 |  | December 31, 2021
$750.0 million fixed rate notes due September 2022, stated rate of 3.00% (1) |  | — |  |  | 749.4 |
Total short-term debt |  | $ | — |  |  | $ | 749.4 |
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.32%.

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