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Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Summary of Debt

Debt comprised of the following as of the dates indicated (in millions):

 

     March 31,
2017
     December 31,
2016
 

2.05% senior notes due 2017

   $ 349.5       $ 349.4   

6.25% senior notes due 2018

     186.4         249.8   

2.15% senior notes due 2018

     299.1         298.9   

2.60% senior notes due 2019

     266.2         995.0   

2.875% senior notes due 2019

     348.1         347.9   

4.70% senior notes due 2020

     304.1         380.0   

3.15% senior notes due 2021

     992.2         991.7   

3.75% senior notes due 2021

     338.6         326.9   

4.00% senior notes due 2022

     248.6         248.5   

3.85% senior notes due 2023

     1,737.4         1,737.0   

5.00% senior notes due 2023

     313.6         314.1   

4.00% senior notes due 2024

     495.4         495.2   

3.90% senior notes due 2025

     296.9         296.8   

4.20% senior notes due 2026

     1,981.4         1,981.0   

5.375% senior notes due 2036

     494.8         494.7   

5.50% senior notes due 2046

     1,725.7         1,725.7   

Term loan

     299.6         399.5   

Commercial paper

     —           —     

Receivables facilities

     438.2         187.4   

Other debt

     68.8         73.3   
  

 

 

    

 

 

 

Total debt

     11,184.6         11,892.8   

Short-term debt and current portion of long-term debt

     (852.5      (601.9
  

 

 

    

 

 

 

Long-term debt

   $ 10,332.1       $ 11,290.9   
  

 

 

    

 

 

 
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 (in millions):

 

     March 31, 2017      December 31,2016  
     Fair Value      Book Value      Fair Value      Book Value  

Senior notes

   $ 11,061.9      $ 10,378.0      $ 11,979.2      $ 11,234.1