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Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Carrying value of notes payable, capital leases and long-term debt

The carrying value of our credit facilities, finance leases and long-term debt as of June 30, 2022 and December 31, 2021 is listed in the following table, and is adjusted for the fair value of interest rate swaps, unamortized discounts, deferred issuance costs and the unamortized portion of adjustments to fair value recorded in purchase accounting. Original issue discounts, deferred issuance costs, and adjustments to fair value recorded in purchase accounting are amortized to interest expense over the term of the applicable instrument using the effective interest method.

												June 30, 2022																		December 31, 2021
Maturity						Interest Rate						Principal						Adjustments						Carrying Value						Principal						Adjustments						Carrying Value
Credit facilities:
Uncommitted Credit Facility						Variable						$	137.5					$	—					$	137.5					$	—					$	—					$	—
$3.0 billion - August 2026						Variable						714.4						—						714.4						24.3						—						24.3
Term Loan						Variable						1,000.0						—						1,000.0						—						—						—
Commercial Paper						Variable						500.0						(0.4)						499.6						—						—						—
Senior notes:
May 2023						4.750						300.0						(4.0)						296.0						300.0						(0.1)						299.9
August 2024						2.500						900.0						(4.0)						896.0						900.0						(4.8)						895.2
March 2025						3.200						500.0						(1.9)						498.1						500.0						(2.2)						497.8
November 2025						0.875						350.0						(2.3)						347.7						350.0						(2.6)						347.4
July 2026						2.900						500.0						(2.5)						497.5						500.0						(2.8)						497.2
November 2027						3.375						650.0						(3.4)						646.6						650.0						(3.8)						646.2
May 2028						3.950						800.0						(11.6)						788.4						800.0						(12.4)						787.6
March 2030						2.300						600.0						(5.6)						594.4						600.0						(5.9)						594.1
February 2031						1.450						650.0						(7.5)						642.5						650.0						(7.9)						642.1
February 2032						1.750						750.0						(6.3)						743.7						750.0						(6.6)						743.4
March 2033						2.375						700.0						(7.4)						692.6						700.0						(7.6)						692.4
March 2035						6.086						181.9						(12.5)						169.4						181.9						(12.8)						169.1
March 2040						6.200						399.9						(3.5)						396.5						399.9						(3.6)						396.3
May 2041						5.700						385.7						(4.9)						380.8						385.7						(5.0)						380.7
March 2050						3.050						400.0						(7.0)						393.0						400.0						(7.1)						392.9
Debentures:
September 2035						7.400						148.1						(30.6)						117.5						148.0						(31.1)						116.9
Tax-exempt:
2023 - 2051						0.300 - 2.600						1,189.1						(7.4)						1,181.8						1,189.1						(7.6)						1,181.5
Finance leases:
2022 - 2063						0.806 - 9.750						269.3						—						269.3						249.4						—						249.4
Total Debt												$	12,025.9					$	(122.6)					11,903.3						$	9,678.3					$	(123.9)					9,554.4
Less: current portion																								(313.8)																		(8.2)
Long-term portion																								$	11,589.5																	$	9,546.2

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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