Debt Financing (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt Obligations

The following table summarizes the Company’s debt obligations (interest rates and debt amounts reflected in the table include the effects of interest rate swaps used to hedge debt).

		Interest rates(1) December 31				Amounts outstanding December 31
In millions of U.S. Dollars	Maturity dates	2022		2021		2022		2021
Fixed		4.0	%	3.9	%	$	22,382.0	$	21,833.7
Floating		6.6		1.6		750.0		1,150.0
Total U.S. Dollar	2023-2052					23,132.0		22,983.7
Fixed		1.6		1.4		8,704.1		8,682.3
Floating		5.1		2.1		321.2		341.1
Total Euro	2023-2034					9,025.3		9,023.4
Fixed		3.4		3.4		748.7		797.9
Floating		4.3		1.2		204.4		217.9
Total Australian Dollar	2024-2029					953.1		1,015.8
Total British Pounds Sterling - Fixed	2032-2054	4.1		4.2		1,504.1		1,145.0
Total Canadian Dollar - Fixed	2025	3.1		3.1		737.3		790.6
Total Japanese Yen - Fixed	2030	2.9		2.9		95.3		108.6
Fixed		0.2		0.2		432.6		438.2
Floating		5.2		2.4		262.7		257.1
Total other currencies(2)	2023-2024					695.3		695.3
Debt obligations before fair value adjustments and deferred debt costs(3)						36,142.4		35,762.4
Fair value adjustments(4)						(91.5)		4.8
Deferred debt costs						(147.4)		(144.5)
Total debt obligations						$	35,903.5	$	35,622.7

(1)Weighted-average effective rate, computed on a semi-annual basis.

(2)Consists of Swiss Francs and Korean Won.

(3)Aggregate maturities for 2022 debt balances, before fair value adjustments and deferred debt costs, are as follows (in millions): 2023-$0.0; 2024–$5,472.9; 2025–$3,060.5; 2026–$2,418.7; 2027–$2,487.2; Thereafter–$22,703.1. These amounts include a reclassification of short-term obligations totaling $2.7 billion to long-term obligations as they are supported by a long-term line of credit agreement expiring in December 2024.

(4)The carrying value of underlying items in fair value hedges, in this case debt obligations, are adjusted for fair value changes to the extent they are attributable to the risk designated as being hedged. The related hedging instruments are also recorded at fair value on the Consolidated Balance Sheet.