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Borrowings and Capital Lease (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Borrowings
Below is a summary of the SAIIDAC Notes as of June 30, 2017:
(In millions, except %)
Aggregate amount
 
Coupon rate
 
Effective interest rate in 2017
 
Carrying amount as of June 30, 2017
Fixed-rate notes due 2019
$
3,300.0

 
1.900
%
 
2.05
%
 
3,289.7

Fixed-rate notes due 2021
3,300.0

 
2.400
%
 
2.53
%
 
3,284.7

Fixed-rate notes due 2023
2,500.0

 
2.875
%
 
2.97
%
 
2,488.7

Fixed-rate notes due 2026
3,000.0

 
3.200
%
 
3.30
%
 
2,981.6

 
$
12,100.0

 
 
 
 
 
$
12,044.7

(In millions)
June 30, 2017
 
December 31, 2016
Short term borrowings:
 

 
 

Baxalta notes (short term portion)
$
747.6

 
$
—

Borrowings under the Revolving Credit Facilities Agreement
735.0

 
450.0

Borrowings under the November 2015 Facilities Agreement
1,696.9

 
2,594.8

Capital leases (short term portion)
6.8

 
6.4

Other borrowings (short term portion)
18.6

 
16.8

 
$
3,204.9

 
$
3,068.0

 
 
 
 
Long term borrowings:
 
 
 
SAIIDAC notes
$
12,044.7

 
$
12,039.2

Baxalta notes (long term portion)
4,319.3

 
5,063.6

Borrowings under the November 2015 Facilities Agreement
1,595.0

 
2,391.8

Capital leases (long term portion)
343.8

 
347.2

Other borrowings (long term portion)
52.3

 
58.0

 
$
18,355.1

 
$
19,899.8

 
 
 
 
Total borrowings and capital leases
$
21,560.0

 
$
22,967.8



Below is a summary of the Baxalta Notes as of June 30, 2017:
(In millions, except %)
Aggregate principal
 
Coupon rate
 
Effective interest rate in 2017
 
Carrying amount as of June 30, 2017
Variable-rate notes due 2018
$
375.0

 
LIBOR plus 0.78%

 
2.50
%
 
$
372.7

Fixed-rate notes due 2018
375.0

 
2.000
%
 
2.10
%
 
374.9

Fixed-rate notes due 2020
1,000.0

 
2.875
%
 
2.80
%
 
1,005.1

Fixed-rate notes due 2022
500.0

 
3.600
%
 
3.30
%
 
507.6

Fixed-rate notes due 2025
1,750.0

 
4.000
%
 
3.90
%
 
1,775.4

Fixed-rate notes due 2045
1,000.0

 
5.250
%
 
5.20
%
 
1,031.2

Total assumed Senior Notes
$
5,000.0

 
 

 
 

 
$
5,066.9

 
Summary of Credit Facilities
On November 2, 2015, Shire entered into a $5.6 billion facilities agreement (the “November 2015 Facilities Agreement”), which is comprised of three amortizing credit facilities with the following amounts outstanding as of June 30, 2017 and their respective ultimate maturity dates:
(In millions)
Amount outstanding
 
Maturity
November 2015 Facility A
$
400.0

 
November 2, 2017
November 2015 Facility B
500.0

 
November 2, 2017
November 2015 Facility C
2,400.0

 
November 2, 2018
Total November 2015 Facilities
$
3,300.0