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Debt
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
Short-term debt consisted of the following at June 30, 2022 and December 31, 2021:
(in millions)June 30, 2022December 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%.
Long-term debt consisted of the following at June 30, 2022 and December 31, 2021: 
(in millions)June 30, 2022December 31, 2021
€15.0 million fixed rate notes due May 2023, stated rate of 4.30%15.6 16.8 
$750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1)
748.1 747.7 
$500.0 million fixed rate notes due June 2028, stated rate of 3.75%497.4 497.2 
$750.0 million fixed rate notes due March 2032, stated rate of 2.65%
741.3 — 
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2)
743.5 743.4 
$700.0 million fixed rate notes due June 2048, stated rate of 4.15%690.8 690.6 
Total long-term debt$3,436.7 $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%.
Long-term debt maturities, at par value (in U.S. dollar equivalent), were as follows at June 30, 2022:  
(in millions)Par Value
2023$15.7 
2024— 
2025750.0 
2026— 
2027— 
Thereafter2,700.0