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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-term Debt

The table below summarizes the carrying value of the Company’s outstanding debt, net of capitalized debt issuance costs:

			Due Date						2021						2020						2019
3.45% Senior Notes			2027						$	1,490.4					$	1,488.6					$	1,486.8
4.50% Senior Notes			2047						1,231.6						1,230.8						1,230.1
2.95% Senior Notes			2029						792.6						791.7						790.7
3.80% Senior Notes			2049						543.0						542.8						542.5
3.125% Senior Notes			2024						498.3						497.7						497.0
2.30% Senior Notes			2030						496.2						495.8						—
3.30% Senior Notes			2050						493.9						493.7						—
2.20% Senior Notes			2032						493.6						—						—
2.90% Senior Notes			2052						491.3						—						—
3.45% Senior Notes			2025						398.7						398.3						398.0
4.55% Senior Notes			2045						394.7						394.5						394.3
3.95% Senior Notes			2026						356.2						357.8						359.3
4.00% Senior Notes			2042						296.7						296.6						296.4
2.75% Senior Notes			2022						260.0						259.6						757.1
3.30% Senior Notes			2025						249.6						249.5						249.4
4.40% Senior Notes			2045						240.0						239.6						239.2
7.375% Debentures			2027						119.2						119.1						119.1
7.45% Debentures			2097						3.5						3.5						3.5
0.53% to 8.00% Promissory Notes			Through 2026						2.0						2.3						2.9
4.20% Senior Notes			2022						—						405.7						411.3
0.92% Fixed Rate Loan			2021						—						24.4						22.4
Floating Rate Loan			2021						—						—						251.9
2.25% Senior Notes			2020						—						—						428.6
Total (1)									8,851.5						8,292.0						8,480.5
Less amounts due within one year									260.6						25.1						429.8
Long-term debt									$	8,590.9					$	8,266.9					$	8,050.7

(1)     Net of capitalized debt issuance costs of $57.6 million, $52.9 million and $50.6 million at December 31, 2021, 2020 and 2019, respectively.

Schedule of Short-term Debt

The table below summarizes the Company’s short-term borrowings:

			2021						2020						2019
Domestic commercial paper			$	739.9					$	—					$	191.9
Foreign facilities			23.6						0.1						12.8
Total			$	763.5					$	0.1					$	204.7
Weighted average interest rate:
Domestic			0.3		%				—		%				2.1		%
Foreign			9.5		%				0.2		%				4.3		%

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