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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Long-term Debt [Line Items] |
Schedule of Long-term Debt | Long-term debt outstanding consisted of the following at December 31, 2022 and 2021 (in U.S. dollar equivalents):
(in millions) |  | 2022 |  | 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) |  | 748.4 |  |  | 747.7 |
$500.0 million fixed rate notes due June 2028, stated rate of 3.75% |  | 497.7 |  |  | 497.2 |
$750.0 million fixed rate notes due March 2032, stated rate of 2.65% |  | 741.7 |  |  | — |
$750.0 million fixed rate notes due September 2043, stated rate of 5.30% (2) |  | 743.7 |  |  | 743.4 |
$700.0 million fixed rate notes due June 2048, stated rate of 4.15% |  | 690.9 |  |  | 690.6 |
Total long-term debt |  | $ | 3,422.4 |  |  | $ | 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 | Short term and long-term debt maturities, at par value (in U.S. dollar equivalents), were as follows as of December 31, 2022:
(in millions) | Par Value
2023 | $ | 16.0 |
2024 | — |
2025 | 750.0 |
2026 | — |
2027 | — |
Thereafter | 2,700.0 |
Schedule of Short-term Debt [Table Text Block] | Short-term debt consisted of the following at December 31, 2022 and 2021 (in U.S. dollar equivalents):
(in millions) |  | 2022 |  | 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% |  | 16.0 |  |  | — |
Total short-term debt |  | $ | 16.0 |  |  | $ | 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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