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v3.23.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Summary of Long-Term Debt | A summary of long-term debt is as follows:
($ in millions) | Interest Rate as of March 31, 2023 |  | March 31, 2023 |  | December 31, 2022
Current portion of long-term debt: |  |  |  |  |
2023 Senior Notes (a) * | 3.125 | % |  | — |  |  | 750.6 |
2023 Senior Notes * | 4.200 | % |  | 499.8 |  |  | 499.8 |
Other |  |  | 0.7 |  |  | 0.7 |
Deferred financing fees |  |  | (0.4) |  |  | (0.6) |
Current portion of long-term debt |  |  | $ | 500.1 |  |  | $ | 1,250.5 |
Non-current portion of long-term debt: |  |  |  |  |
2024 Euro Senior Notes ** | 2.250 | % |  | 1,083.3 |  |  | 1,069.8 |
2024 Euro Senior Notes **** | 1.023 | % |  | 821.8 |  |  | 813.5 |
2025 Euro Senior Notes * | 2.125 | % |  | 541.5 |  |  | 534.8 |
2025 Senior Notes *** | 1.650 | % |  | 758.6 |  |  | 759.6 |
2026 Senior Notes ** | 3.950 | % |  | 2,243.7 |  |  | 2,243.2 |
2027 Euro Senior Notes **** | 1.362 | % |  | 955.7 |  |  | 945.9 |
2027 Senior Notes *** | 2.300 | % |  | 774.0 |  |  | 775.3 |
2028 Euro Senior Notes ** | 3.125 | % |  | 808.7 |  |  | 798.5 |
2028 Senior Notes * | 4.550 | % |  | 749.0 |  |  | 748.9 |
2030 Senior Notes *** | 2.700 | % |  | 1,510.9 |  |  | 1,512.8 |
2032 Euro Senior Notes **** | 1.908 | % |  | 1,459.8 |  |  | 1,444.4 |
2040 Senior Notes *** | 3.850 | % |  | 1,648.9 |  |  | 1,650.6 |
2043 Senior Notes * | 5.400 | % |  | 497.4 |  |  | 497.4 |
2046 Senior Notes ** | 5.250 | % |  | 999.9 |  |  | 999.9 |
2048 Senior Notes * | 5.200 | % |  | 747.8 |  |  | 747.8 |
2050 Senior Notes *** | 4.000 | % |  | 2,199.6 |  |  | 2,200.8 |
YEN Term Loan Facility | Variable |  | 301.1 |  |  | 305.1 |
Other |  |  | 1.6 |  |  | 2.0 |
Deferred financing fees |  |  | (33.9) |  |  | (35.1) |
Long-term debt |  |  | $ | 18,069.4 |  |  | $ | 18,015.2 |
____________ (a) In the first quarter of 2020, the Company terminated interest rate swaps designated as a fair value hedge resulting in net proceeds of approximately $45 million. The fair value adjustment was amortized to interest expense over the remaining term of the notes, which were repaid at maturity in the first quarter of 2023. * Instrument was issued by Mylan Inc. ** Instrument was originally issued by Mylan N.V.; now held by Utah Acquisition Sub Inc. *** Instrument was issued by Viatris Inc. **** Instrument was issued by Upjohn Finance B.V.
Minimum Repayments on Outstanding Borrowings | Mandatory minimum repayments remaining on the notional amount of outstanding long-term debt at March 31, 2023 were as follows for each of the periods ending December 31:
(In millions) | Total
2023 | $ | 500 |
2024 | 1,897 |
2025 | 1,292 |
2026 | 2,551 |
2027 | 1,671 |
Thereafter | 10,118 |
Total | $ | 18,029 |
Schedule of Short-term Debt | Short-Term Borrowings The following table summarizes the Company’s short-term borrowings:
(In millions) | March 31, 2023 |  | December 31, 2022
Receivables Facility | 197.0 |  |  | — |
Other | 7.6 |  |  | — |
Short-term borrowings | $ | 204.6 |  |  | $ | — |

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