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Debt (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
A summary of long-term debt is as follows:
($ in millions)Interest Rate as of June 30, 2023June 30,
2023
December 31,
2022
Current portion of long-term debt:
2023 Senior Notes (a) *
3.125 %$— $750.6 
2023 Senior Notes *4.200 %499.9 499.8 
2024 Euro Senior Notes ****
1.023 %825.3 — 
Other0.7 0.7 
Deferred financing fees(0.3)(0.6)
Current portion of long-term debt$1,325.6 $1,250.5 
Non-current portion of long-term debt:
2024 Euro Senior Notes **
2.250 %1,090.4 1,069.8 
2024 Euro Senior Notes ****
1.023 %— 813.5 
2025 Euro Senior Notes *
2.125 %545.1 534.8 
2025 Senior Notes ***
1.650 %757.7 759.6 
2026 Senior Notes **
3.950 %2,244.2 2,243.2 
2027 Euro Senior Notes ****
1.362 %959.8 945.9 
2027 Senior Notes ***
2.300 %772.6 775.3 
2028 Euro Senior Notes **
3.125 %814.1 798.5 
2028 Senior Notes *
4.550 %749.0 748.9 
2030 Senior Notes ***
2.700 %1,508.9 1,512.8 
2032 Euro Senior Notes ****
1.908 %1,466.5 1,444.4 
2040 Senior Notes ***
3.850 %1,647.3 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 %2,198.5 2,200.8 
YEN Term Loan FacilityVariable277.2 305.1 
Other2.2 2.0 
Deferred financing fees(32.6)(35.1)
Long-term debt$17,246.0 $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 June 30, 2023 were as follows for each of the periods ending December 31:
(In millions)Total
2023$500 
20241,909 
20251,295 
20262,527 
20271,677 
Thereafter10,132 
Total$18,040