v3.25.1
Debt
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
For additional information, see Note 10 Debt in Viatris’ 2024 Form 10-K.
Receivables Facility and Note Securitization Facility
The Company has a $400 million Receivables Facility which now expires in May 2025 and currently expects to enter into a similar facility prior to expiration. Under the terms of the Receivables Facility, certain of our accounts receivable secure the amounts borrowed and cannot be used to pay our other debts or liabilities. The amount that we may borrow at a given point in time is determined based on the amount of qualifying accounts receivable that are present at such point in time. Amounts outstanding under the Receivables Facility are included as a component of short-term borrowings, while the accounts receivable securing these obligations remain as a component of accounts receivable, net, in our condensed consolidated balance sheets.
Long-Term Debt
A summary of long-term debt is as follows:
($ in millions)Interest Rate as of March 31, 2025March 31,
2025		December 31,
2024
Current portion of long-term debt:
Other$0.7 $0.6 
Current portion of long-term debt$0.7 $0.6 
Non-current portion of long-term debt:
2026 Senior Notes **
3.950 %$1,673.2 $1,672.8 
2027 Euro Senior Notes ****
1.362 %937.5 899.4 
2027 Senior Notes ***
2.300 %762.8 764.2 
2028 Euro Senior Notes **
3.125 %808.4 773.7 
2028 Senior Notes *
4.550 %749.3 749.3 
2030 Senior Notes ***
2.700 %1,494.9 1,497.0 
2032 Euro Senior Notes ****
1.908 %1,434.9 1,376.2 
2040 Senior Notes ***
3.850 %1,635.4 1,637.1 
2043 Senior Notes *
5.400 %497.6 497.5 
2046 Senior Notes **
5.250 %999.9 999.9 
2048 Senior Notes *
5.200 %747.9 747.9 
2050 Senior Notes ***
4.000 %2,190.4 2,191.6 
YEN Term Loan FacilityVariable266.7 254.4 
Other2.2 2.2 
Deferred financing fees(23.6)(24.3)
Long-term debt$14,177.5 $14,038.9 
____________
*    Instrument was issued by Mylan Inc.
**    Instrument was originally issued by Mylan N.V.; now held by Utah Acquisition Sub Inc.
***     Instrument was issued by Viatris Inc.
****     Instrument was issued by Upjohn Finance B.V.

Fair Value
At March 31, 2025 and December 31, 2024, the aggregate fair value of the Company’s outstanding notes was approximately $11.41 billion and $11.53 billion, respectively. The fair values of the outstanding notes were valued at quoted market prices from broker or dealer quotations and were classified as Level 2 in the fair value hierarchy.
Mandatory minimum repayments remaining on the notional amount of outstanding long-term debt at March 31, 2025 were as follows for each of the periods ending December 31:
(In millions)Total
2025$— 
20261,942 
20271,669 
20281,561 
2029— 
Thereafter8,552 
Total$13,724