Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt at December 31 consisted of the following:

	2020		2019
Short-term commercial paper borrowings	$	—	$	1,494.2
Long-term notes	16,348.7		13,638.5
Other long-term debt	14.8		12.9
Unamortized debt issuance costs	(89.1)		(73.6)
Fair value adjustment on hedged long-term notes	320.9		245.2
Total debt	16,595.3		15,317.2
Less current portion	(8.7)		(1,499.3)
Long-term debt	$	16,586.6	$	13,817.9

Summary of Long-term Notes

The following table summarizes long-term notes at December 31:

	2020		2019
2.35% notes due 2022	$	750.0	$	750.0
3.00% notes due 2022	99.2		—
1.00% Euro denominated notes due 2022	737.9		671.8
0.15% Swiss Franc denominated notes due 2024	679.7		618.3
7.125% notes due 2025	229.7		229.7
2.75% notes due 2025	560.6		560.6
1.625% Euro denominated notes due 2026	922.4		839.7
5.5% notes due 2027	377.5		377.5
3.1% notes due 2027	401.5		401.5
0.45% Swiss Franc denominated notes due 2028	453.2		412.2
3.375% notes due 2029	1,150.0		1,150.0
0.42% Japanese Yen denominated notes due 2029	222.4		209.9
2.125% Euro denominated notes due 2030	922.4		839.7
0.625% Euro denominated notes due 2031	737.9		671.8
0.56% Japanese Yen denominated notes due 2034	90.0		85.0
6.77% notes due 2036	174.4		174.4
5.55% notes due 2037	476.2		476.2
5.95% notes due 2037	284.1		284.1
3.875% notes due 2039	360.7		360.7
4.65% notes due 2044	43.0		43.0
3.7% notes due 2045	412.5		412.5
3.95% notes due 2047	436.1		436.1
3.95% notes due 2049	1,500.0		1,500.0
1.7% Euro denominated notes due 2049	1,229.9		1,119.6
0.97% Japanese Yen denominated notes due 2049	74.1		70.0
2.25% notes due 2050	1,250.0		—
4.15% notes due 2059	1,000.0		1,000.0
2.5% notes due 2060	850.0		—
Unamortized note discounts	(76.7)		(55.8)
Total long-term notes	$	16,348.7	$	13,638.5

Schedule of Maturities of Long-term Debt

The aggregate amounts of maturities on long-term debt for the next five years are as follows:

	2021		2022		2023		2024		2025
Maturities on long-term debt	$	6.0	$	1,590.2	$	2.3	$	681.1	$	790.3

Schedule of Additional Borrowings Disclosures

The aggregate amount of cash payments for interest on borrowings, net of capitalized interest, are as follows:

	2020		2019		2018
Cash payments for interest on borrowings	$	345.8	$	305.5	$	223.8