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Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of long-term debt, including current maturites

Long-term debt as of December 31, 2020 and 2019, respectively, consisted of the following:

(in millions)						December 31, 2020 Stated Interest Rate						December 31, 2020 Effective Interest Rate						Maturity Date						December 31, 2020 Stated Value						Combination Fair Market Value Adjustment						Discount on Notes Issuance						December 31, 2020 Carrying Value						December 31, 2019 Stated Value						Combination Fair Market Value Adjustment						Discount on Notes Issuance						December 31, 2019 Carrying Value
Unsecured notes						3.25% - 5.63%						5.01%						2021- 2043						$	4,000.0					$	—					$	(5.3)					$	3,994.7					$	4,000.0					$	—					$	(6.3)					$	3,993.7
Unsecured debentures						7.30%						7.19%						2028						147.1						0.9						—						148.0						147.1						1.0						—						148.1
Term loan(a)						Libor plus 1.25%						Variable						2021						—						—						—						—						—						—						—						—
Finance leases						0.86% - 19.72%						3.80%						2020- 2030						344.5						—						—						344.5						345.1						—						—						345.1
Other(b)						2.50% - 9.98%						3.13%						2021- 2026						78.8						12.0						—						90.8						71.6						14.2						—						85.8
Total long-term debt																								4,570.4						12.9						(5.3)						4,578.0						4,563.8						15.2						(6.3)						4,572.7
Less current portion																								502.9						2.3						(1.0)						504.2						45.9						2.3						(1.0)						47.2
Total long-term debt, less current maturities																								$	4,067.5					$	10.6					$	(4.3)					$	4,073.8					$	4,517.9					$	12.9					$	(5.3)					$	4,525.5

______________________________

(a)Term loan facility is pre-payable.

(b)Includes deferred financing fees related to our long term debt.

Scheduled maturities of long-term debt

Scheduled maturities of long-term debt are as follows for the periods ending December 31:

(in millions)
2021			$	504.2
2022			610.6
2023			986.3
2024			174.2
2025			11.6
Thereafter			2,291.1
Total			$	4,578.0

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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