Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Debt

The following is a summary of outstanding debt at December 31, (in millions):

	2019			2018
2.60% senior notes due 2019	$	—		$	267.3
4.70% senior notes due 2020	304.9			304.6
3.15% senior notes due 2021	93.6			97.5
3.75% senior notes due 2021	342.1			353.2
4.00% senior notes due 2022	249.3			249.0
3.85% senior notes due 2023	1,387.5			1,740.8
5.00% senior notes due 2023	—			310.0
4.00% senior notes due 2024	199.5			496.4
3.90% senior notes due 2025	46.9			90.3
4.20% senior notes due 2026	1,986.3			1,984.5
5.375% senior notes due 2036	416.1			415.8
5.50% senior notes due 2046	657.3			657.2
Commercial paper	25.0			—
Other debt	15.2			48.4
Total debt	5,723.7			7,015.0
Short-term debt and current portion of long-term debt	(332.4		)	(318.7		)
Long-term debt	$	5,391.3		$	6,696.3

Schedule of Maturities of Long-term Debt

The Company’s debt maturities for the five years following December 31, 2019 and thereafter are as follows (in millions):

2020	2021	2022	2023	2024	Thereafter	Total
$334.5	$435.7	$253.6	$1,395.1	$201.2	$3,135.3	$5,755.4

Schedule of Fair Value of Senior Notes

The fair values of the Company’s senior notes are based on quoted market prices and are as follows at December 31, (in millions):

	2019				2018
	Fair Value		Book Value		Fair Value		Book Value
Senior notes	$	5,989.9	$	5,683.5	$	6,911.2	$	6,966.6