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Debt | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Debt | Footnote 11 — Debt Debt is comprised of the following as of the dates indicated (in millions):
|  | March 31, 2018 |  |  | December 31, 2017 |
2.15% senior notes due 2018 |  |  | 299.7 |  |  |  | 299.5 |
2.60% senior notes due 2019 |  |  | 266.8 |  |  |  | 266.7 |
2.875% senior notes due 2019 |  |  | 348.8 |  |  |  | 348.6 |
4.70% senior notes due 2020 |  |  | 304.4 |  |  |  | 304.3 |
3.15% senior notes due 2021 |  |  | 994.0 |  |  |  | 993.6 |
3.75% senior notes due 2021 |  |  | 382.2 |  |  |  | 373.2 |
4.00% senior notes due 2022 |  |  | 248.8 |  |  |  | 248.8 |
3.85% senior notes due 2023 |  |  | 1,739.3 |  |  |  | 1,738.8 |
5.00% senior notes due 2023 |  |  | 311.5 |  |  |  | 312.1 |
4.00% senior notes due 2024 |  |  | 496.0 |  |  |  | 495.8 |
3.90% senior notes due 2025 |  |  | 297.3 |  |  |  | 297.2 |
4.20% senior notes due 2026 |  |  | 1,983.1 |  |  |  | 1,982.7 |
5.375% senior notes due 2036 |  |  | 495.0 |  |  |  | 495.0 |
5.50% senior notes due 2046 |  |  | 1,726.1 |  |  |  | 1,726.0 |
Term loan |  |  | 299.8 |  |  |  | 299.8 |
Commercial paper |  |  | 700.5 |  |  |  | — |
Receivables facilities |  |  | 198.5 |  |  |  | 298.3 |
Other debt |  |  | 64.3 |  |  |  | 72.0 |
Total debt |  |  | 11,156.1 |  |  |  | 10,552.4 |
Short-term debt and current portion of long-term debt |  |  | (1,532.6 | ) |  |  | (662.8 | )
Long-term debt |  | $ | 9,623.5 |  |  | $ | 9,889.6 |
Net Investment Hedge The Company has designated the €300 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 March 31, 2018, $29.3 million of deferred losses have been recorded in AOCI. See Footnote 12 for disclosures regarding the Company’s derivative financial instruments. The fair values of the Company’s senior notes are based on quoted market prices and are as follows (in millions):
|  | March 31, 2018 |  |  | December 31, 2017 |
|  | Fair Value |  |  | Book Value |  |  | Fair Value |  |  | Book Value |
Senior notes |  | $ | 10,087.2 |  |  | $ | 9,893.0 |  |  | $ | 10,688.5 |  |  | $ | 9,882.3 |
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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