XML 50 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Debt (Details)
€ in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
EUR (€)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Credit Facilities [Abstract]      
Available and unused credit lines   $ 3,979.3 $ 3,731.6
Short-Term Borrowings [Abstract]      
Short-term debt € 520 595.4 8.1
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   4,900.0 4,900.0
Unamortized premium (discount), net   4.6 4.9
Unamortized debt issuance costs   (15.4) (16.4)
Unamortized deferred gain from settlement of interest rate swaps   43.4 48.0
Fair value adjustment attributed to outstanding interest rate swaps   (30.8) (52.8)
Long-term debt, total   4,901.8 4,883.7
Long-term debt, current portion   (499.8) (499.6)
Long-Term Debt   4,402.0 4,384.1
Interest Rate Swaps on 2024 Notes [Member]      
Long-Term Debt [Abstract]      
Interest rate swaps, liability, at fair value   9.8  
Interest rate swaps, notional amount   750.0  
Interest Rate Swaps on 2026 Notes [Member]      
Long-Term Debt [Abstract]      
Interest rate swaps, liability, at fair value   21.0  
Interest rate swaps, notional amount   500.0  
Credit Facility      
Credit Facilities [Abstract]      
Credit Facility, maximum borrowing capacity   2,500.0  
Credit Facility, expiration date Jul. 31, 2021    
Available and unused credit lines   2,500.0 2,500.0
Credit Facility, covenant terms The Credit Facility contains financial covenants that require us to maintain a Leverage Ratio of consolidated indebtedness to consolidated EBITDA of no more than 3 times for the most recently ended 12-month period (EBITDA is defined as earnings before interest, taxes, depreciation and amortization) and an Interest Coverage Ratio of consolidated EBITDA to interest expense of at least 5 times for the most recently ended 12-month period.    
Credit Facility, covenant compliance At March 31, 2019 we were in compliance with these covenants as our Leverage Ratio was 2.3 times and our Interest Coverage Ratio was 9.8 times.    
Commercial Paper [Member]      
Credit Facilities [Abstract]      
Credit Facility, maximum borrowing capacity   2,000.0  
Uncommitted credit lines      
Credit Facilities [Abstract]      
Available and unused credit lines   1,479.3 1,231.6
6.25% Senior Notes due 2019      
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   $ 500.0 500.0
Long-term debt, interest rate 6.25% 6.25%  
Long-term debt, maturity date Jul. 15, 2019    
4.45% Senior Notes due 2020      
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   $ 1,000.0 1,000.0
Long-term debt, interest rate 4.45% 4.45%  
Long-term debt, maturity date Aug. 15, 2020    
3.625% Senior Notes due 2022      
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   $ 1,250.0 1,250.0
Long-term debt, interest rate 3.625% 3.625%  
Long-term debt, maturity date May 01, 2022    
3.65% Senior Notes due 2024      
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   $ 750.0 750.0
Long-term debt, interest rate 3.65% 3.65%  
Long-term debt, maturity date Nov. 01, 2024    
3.60% Senior Notes due 2026      
Long-Term Debt [Abstract]      
Long-term debt, carrying amount   $ 1,400.0 $ 1,400.0
Long-term debt, interest rate 3.60% 3.60%  
Long-term debt, maturity date Apr. 15, 2026