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Debt
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
Short-term debt consisted of the following at September 30, 2022 and December 31, 2021:
(in millions)September 30, 2022December 31, 2021
$750.0 million fixed rate notes due September 2022, stated rate of 3.00% (1)
$— $749.4 
€15.0 million fixed rate notes due May 2023, stated rate of 4.30%14.5 — 
Total short-term debt$14.5 $749.4 
(1)The company maintained a forward-starting interest rate swap agreement that modified the interest obligation associated with these notes so that the interest payable on the notes effectively became fixed at a rate of 3.32%.
Long-term debt consisted of the following at September 30, 2022 and December 31, 2021: 
(in millions)September 30, 2022December 31, 2021
€15.0 million fixed rate notes due May 2023, stated rate of 4.30%$— $16.8 
$750.0 million fixed rate notes due March 2025, stated rate of 3.00% (1)
748.2 747.7 
$500.0 million fixed rate notes due June 2028, stated rate of 3.75%497.6 497.2 
$750.0 million fixed rate notes due March 2032, stated rate of 2.65%
741.5 — 
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2)
743.6 743.4 
$700.0 million fixed rate notes due June 2048, stated rate of 4.15%690.9 690.6 
Total long-term debt$3,421.8 $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%.
Debt maturities, at par value (in U.S. dollar equivalent), were as follows at September 30, 2022:  
(in millions)Par Value
2023$14.6 
2024— 
2025750.0 
2026— 
2027— 
Thereafter2,700.0