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Debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Summary of Debt

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

 

     March 31,
2018
     December 31,
2017
 

2.15% senior notes due 2018

     299.7        299.5  

2.60% senior notes due 2019

     266.8        266.7  

2.875% senior notes due 2019

     348.8        348.6  

4.70% senior notes due 2020

     304.4        304.3  

3.15% senior notes due 2021

     994.0        993.6  

3.75% senior notes due 2021

     382.2        373.2  

4.00% senior notes due 2022

     248.8        248.8  

3.85% senior notes due 2023

     1,739.3        1,738.8  

5.00% senior notes due 2023

     311.5        312.1  

4.00% senior notes due 2024

     496.0        495.8  

3.90% senior notes due 2025

     297.3        297.2  

4.20% senior notes due 2026

     1,983.1        1,982.7  

5.375% senior notes due 2036

     495.0        495.0  

5.50% senior notes due 2046

     1,726.1        1,726.0  

Term loan

     299.8        299.8  

Commercial paper

     700.5        —  

Receivables facilities

     198.5        298.3  

Other debt

     64.3        72.0  
  

 

 

    

 

 

 

Total debt

     11,156.1        10,552.4  

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

     (1,532.6      (662.8
  

 

 

    

 

 

 

Long-term debt

   $ 9,623.5      $ 9,889.6
  

 

 

    

 

 

 
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, 2018      December 31, 2017  
     Fair Value      Book Value      Fair Value      Book Value  

Senior notes

   $ 10,087.2      $ 9,893.0      $ 10,688.5      $ 9,882.3