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Debt | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Debt | Footnote 10 — Debt Debt comprised of the following as of the dates indicated (in millions):
|  | September 30, 2017 |  |  | December 31, 2016 |
2.05% senior notes due 2017 |  | $ | 349.9 |  |  | $ | 349.4 |
6.25% senior notes due 2018 |  |  | — |  |  |  | 249.8 |
2.15% senior notes due 2018 |  |  | 299.4 |  |  |  | 298.9 |
2.60% senior notes due 2019 |  |  | 266.5 |  |  |  | 995.0 |
2.875% senior notes due 2019 |  |  | 348.5 |  |  |  | 347.9 |
4.70% senior notes due 2020 |  |  | 304.2 |  |  |  | 380.0 |
3.15% senior notes due 2021 |  |  | 993.1 |  |  |  | 991.7 |
3.75% senior notes due 2021 |  |  | 368.1 |  |  |  | 326.9 |
4.00% senior notes due 2022 |  |  | 248.7 |  |  |  | 248.5 |
3.85% senior notes due 2023 |  |  | 1,738.4 |  |  |  | 1,737.0 |
5.00% senior notes due 2023 |  |  | 312.6 |  |  |  | 314.1 |
4.00% senior notes due 2024 |  |  | 495.7 |  |  |  | 495.2 |
3.90% senior notes due 2025 |  |  | 297.1 |  |  |  | 296.8 |
4.20% senior notes due 2026 |  |  | 1,982.3 |  |  |  | 1,981.0 |
5.375% senior notes due 2036 |  |  | 494.9 |  |  |  | 494.7 |
5.50% senior notes due 2046 |  |  | 1,725.9 |  |  |  | 1,725.7 |
Term loan |  |  | 299.7 |  |  |  | 399.5 |
Commercial paper |  |  | 116.0 |  |  |  | — |
Receivables facilities |  |  | 768.5 |  |  |  | 187.4 |
Other debt |  |  | 65.9 |  |  |  | 73.3 |
Total debt |  |  | 11,475.4 |  |  |  | 11,892.8 |
Short-term debt and current portion of long-term debt |  |  | (1,291.0 | ) |  |  | (601.9 | )
Long-term debt |  | $ | 10,184.4 |  |  | $ | 11,290.9 |
Senior Notes In March 2017, the Company commenced cash tender offers (the “Tender Offers”) totaling approximately $1.06 billion for any and all of its 6.25% senior notes due 2018 and up to a maximum aggregate principal amount of certain of its other senior notes. In March 2017, pursuant to the Tender Offers the Company repurchased approximately $63 million aggregate principal amount of its 6.25% senior notes due 2018, approximately $733 million aggregate principal amount of its 2.6% senior notes due 2019 and approximately $76 million aggregate principal amount of its 4.7% senior notes due 2020 for total consideration, excluding accrued interest, of approximately $897 million. As a result of these debt extinguishments, the Company recorded a loss on the extinguishment of debt of $27.8 million during the first quarter of 2017, primarily comprised of prepayment premiums and a non-cash charge due to the write-off of deferred debt issuance costs. In April 2017, the Company redeemed the remaining approximately $187 million aggregate principal amount of its 6.25% senior notes due 2018 for total consideration, excluding accrued interest of approximately $195 million. As a result of this debt extinguishment, the Company recorded a loss on the extinguishment of debt of $4.5 million during the second quarter of 2017, primarily comprised of prepayment premiums, partially offset by the write-off of a deferred gain on previously terminated interest rate swaps. Net Investment Hedge The Company has designated the €300.0 million principal balance of the 3.75% senior notes due October 2021 as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-functional currency subsidiaries with Euro-denominated net assets. At September 30, 2017, $14.0 million of deferred losses have been recorded in AOCI. The fair values of the Company’s senior notes are based on quoted market prices and are as follows (in millions):
|  | September 30, 2017 |  |  | December 31, 2016 |
|  | Fair Value |  |  | Book Value |  |  | Fair Value |  |  | Book Value |
Senior notes |  | $ | 11,089.9 |  |  | $ | 10,225.2 |  |  | $ | 11,979.2 |  |  | $ | 11,234.1 |
The carrying amounts of all other significant debt approximates fair value.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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