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Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Summary of Debt
Debt comprised of the following as of the dates indicated (in millions):
 
 
 
March 31,
2019
 
 
December 31,
2018
 
2.60% senior notes due 2019
 
$
 
 
$
267.3
 
4.70% senior notes due 2020
 
 
304.7
 
 
 
304.6
 
3.15% senior notes due 2021
 
 
93.5
 
 
 
97.5
 
3.75% senior notes due 2021
 
 
344.6
 
 
 
353.2
 
4.00% senior notes due 2022
 
 
249.1
 
 
 
249.0
 
3.85% senior notes due 2023
 
 
1,741.3
 
 
 
1,740.8
 
5.00% senior notes due 2023
 
 
309.5
 
 
 
310.0
 
4.00% senior notes due 2024
 
 
496.6
 
 
 
496.4
 
3.90% senior notes due 2025
 
 
90.4
 
 
 
90.3
 
4.20% senior notes due 2026
 
 
1,984.9
 
 
 
1,984.5
 
5.375% senior notes due 2036
 
 
415.9
 
 
 
415.8
 
5.50% senior notes due 2046
 
 
657.2
 
 
 
657.2
 
Commercial paper
 
 
258.9
 
 
 
 
Receivables facility
 
 
269.0
 
 
 
 
Other debt
 
 
52.6
 
 
 
48.4
 
Total debt
 
 
7,268.2
 
 
 
7,015.0
 
Short-term debt and current portion of long-term debt
 
 
(573.6
)
 
 
(318.7
)
Long-term debt
 
$
6,694.6
 
 
$
6,696.3
 
Schedule of Fair Value of Senior Notes
The fair values of the Company’s senior notes are based on quoted market prices and are as follows (
in millions
):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2019
 
 
December 31, 2018
 
 
 
Fair Value
 
 
Book Value
 
 
Fair Value
 
 
Book Value
 
Senior notes
 
$
6,518.2
 
 
$
6,687.7
 
 
$
6,911.2
 
 
$
6,966.6