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Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of Debt

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

 

     September 30,
2018
     December 31,
2017
 

2.15% senior notes due 2018

   $ —      $ 299.5  

2.60% senior notes due 2019

     267.2        266.7  

2.875% senior notes due 2019

     349.2        348.6  

4.70% senior notes due 2020

     304.5        304.3  

3.15% senior notes due 2021

     995.0        993.6  

3.75% senior notes due 2021

     358.2        373.2  

4.00% senior notes due 2022

     249.0        248.8  

3.85% senior notes due 2023

     1,740.3        1,738.8  

5.00% senior notes due 2023

     310.5        312.1  

4.00% senior notes due 2024

     496.3        495.8  

3.90% senior notes due 2025

     297.4        297.2  

4.20% senior notes due 2026

     1,984.0        1,982.7  

5.375% senior notes due 2036

     495.2        495.0  

5.50% senior notes due 2046

     1,726.3        1,726.0  

Term loan

     —          299.8  

Commercial paper

     —          —    

Receivables facilities

     —          298.3  

Other debt

     40.0        70.6  
  

 

 

    

 

 

 

Total debt

     9,613.1        10,551.0  

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

     (316.3      (661.8
  

 

 

    

 

 

 

Long-term debt

   $ 9,296.8      $ 9,889.2  
  

 

 

    

 

 

 
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):

 

     September 30, 2018      December 31, 2017  
     Fair Value      Book Value      Fair Value      Book Value  

Senior notes

   $ 9,392.1      $ 9,573.1      $ 10,688.5      $ 9,882.3