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Borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Debt at December 31 consisted of the following:
20232022
Short-term commercial paper borrowings$6,189.4 $1,498.0 
Long-term notes 19,104.6 14,815.3
Other long-term debt6.5 6.9 
Unamortized debt issuance costs(90.5)(77.2)
Fair value adjustment on hedged long-term notes15.3 (4.4)
Total debt25,225.3 16,238.6 
Less current portion(6,904.5)(1,501.1)
Long-term debt$18,320.8 $14,737.5 
Summary of Long-term Notes
The following table summarizes long-term notes at December 31:
20232022
0.15% Swiss franc denominated notes due 2024
$714.6 $649.5 
7.125% notes due 2025
217.5 217.5 
2.75% notes due 2025
560.6 560.6 
5.0% notes due 2026
750.0 — 
1.625% euro denominated notes due 2026
830.7 799.3 
5.5% notes due 2027
364.3 364.3 
3.1% notes due 2027
401.5 401.5 
0.45% Swiss franc denominated notes due 2028
476.4 433.0 
3.375% notes due 2029
930.6 930.6 
0.42% Japanese yen denominated notes due 2029
162.5 172.1 
2.125% euro denominated notes due 2030
830.7 799.3 
0.625% euro denominated notes due 2031
664.6 639.4 
4.7% notes due 2033
1,000.0 — 
0.50% euro denominated notes due 2033
664.6 639.4 
0.56% Japanese yen denominated notes due 2034
65.8 69.7 
6.77% notes due 2036
158.6 158.6 
5.55% notes due 2037
444.7 444.7 
5.95% notes due 2037
266.8 266.8 
3.875% notes due 2039
240.3 240.3 
1.625% British pound denominated notes due 2043
318.5 301.2 
4.65% notes due 2044
38.3 38.3 
3.7% notes due 2045
386.8 386.8 
3.95% notes due 2047
347.0 347.0 
3.95% notes due 2049
958.2 958.2 
1.70% euro denominated notes due 2049
1,107.6 1,065.7 
0.97% Japanese yen denominated notes due 2049
54.2 57.4 
2.25% notes due 2050
1,250.0 1,250.0 
1.125% euro denominated notes due 2051
553.8 532.9 
4.875% notes due 2053
1,250.0 — 
4.15% notes due 2059
591.3 591.3 
2.50% notes due 2060
850.0 850.0 
1.375% euro denominated notes due 2061
775.3 746.0 
4.95% notes due 2063
1,000.0 — 
Unamortized note discounts(121.2)(96.1)
Total long-term notes$19,104.6 $14,815.3 
Schedule of Maturities of Long-term Debt
The aggregate amounts of maturities on long-term debt for the next five years are as follows:
20242025202620272028
Maturities on long-term debt$717.5 $778.1 $1,580.7 $765.8 $476.4 
Schedule of Additional Borrowings Disclosures
The aggregate amount of cash payments for interest on borrowings, net of capitalized interest, are as follows:
202320222021
Cash payments for interest on borrowings$404.2 $323.7 $338.0