Borrowings and Capital Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Borrowings

(in millions)	September 30, 2016		December 31, 2015
Short term borrowings:
Borrowings under the Revolving Credit Facilities Agreement	$	920.0	$	750.0
Borrowings under the November 2015 Facilities Agreement	1,796.3		—
Borrowings under the January 2015 Facilities Agreement	—		750.0
Other borrowings	20.8		11.5
	$	2,737.1	$	1,511.5
Long term borrowings:
Senior notes	$	12,037.0	$	—
Baxalta notes	5,104.4		—
Borrowings under the November 2015 Facilities Agreement	3,788.3		—
Other borrowings	59.2		69.9
Capital lease obligations (long term portion)	348.6		—
	$	24,074.6	$	1,581.4

Below is a summary of the Baxalta Notes as of September 30, 2016:

(in millions, except for percentage information)	Aggregate Principal		Coupon Rate		Effective interest rate in 2016		Carrying amount at September 30, 2016
Variable-rate notes due 2018	$	375.0	LIBOR plus 0.78%		1.65	%	$	370.9
Fixed-rate notes due 2018	375.0		2.000	%	2.20	%	374.8
Fixed-rate notes due 2020	1,000.0		2.875	%	2.80	%	1,014.8
Fixed-rate notes due 2022	500.0		3.600	%	3.30	%	508.8
Fixed-rate notes due 2025	1,750.0		4.000	%	3.90	%	1,803.0
Fixed-rate notes due 2045	1,000.0		5.250	%	5.20	%	1,032.1
Total assumed Senior Notes	$	5,000.0					$	5,104.4

Below is a summary of the SAIIDAC Notes as of September 30, 2016:

(in millions, except for percentage information)	Aggregate Amount		Coupon Rate		Effective interest rate in 2016		Carrying amount at September 30, 2016
Fixed-rate notes due 2019	$	3,300.0	1.900	%	2.05	%	3,286.5
Fixed-rate notes due 2021	3,300.0		2.400	%	2.53	%	3,282.4
Fixed-rate notes due 2023	2,500.0		2.875	%	2.97	%	2,487.8
Fixed-rate notes due 2026	3,000.0		3.200	%	3.30	%	2,980.3
	$	12,100.0					$	12,037.0

Debt maturities and future payments on capital lease obligations

The future payments on debt maturities and capital lease obligations as of September 30, 2016 are as follows:

(in millions)
2016 (remaining three months)	$	605.7
2017	2,626.7
2018	3,184.1
2019	3,344.1
2020	1,960.1
2021	3,318.7
Thereafter	9,110.7
Total obligations	24,150.1
Fair value hedges, unamortized bond premium and deferred financing costs	(75.5		)
Total debt and capital lease obligations	$	24,074.6