​

​

June 30, 2026

​

December 31, 2025

​

​

Carrying

​

Approximate

​

Carrying

​

Approximate

​

  ​ ​ ​

Amount

Fair Value

Amount

Fair Value

Revolving Credit Facility

​

​

​

​

​

​

​

​

​

​

​

​

​

Revolving Credit Facility

​

$

—

$

—

$

—

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial Paper Programs

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Commercial Paper Program

​

—

—

—

​

—

​

Euro Commercial Paper Program

​

—

—

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Delayed Draw Term Loans

​

​

​

​

​

​

​

​

​

​

​

​

​

364-Day Delayed Draw Term Loan

​

​

934.1

​

​

934.1

​

​

—

​

​

—

​

Three-Year Delayed Draw Term Loan

​

​

1,534.1

1,534.1

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. Senior Notes

​

​

​

​

​

​

​

​

​

​

​

​

​

4.750% Senior Notes due March 2026

​

​

—

—

349.9

​

350.8

​

5.050% Senior Notes due April 2027

​

​

700.7

703.1

701.2

​

709.8

​

Floating Rate Senior Notes due November 2027

​

​

500.0

​

​

500.9

​

​

500.0

​

​

501.0

​

3.800% Senior Notes due November 2027

​

​

749.7

​

​

744.3

​

​

749.5

​

​

749.5

​

4.375% Senior Notes due June 2028

​

​

749.6

​

​

749.3

​

​

749.5

​

​

757.5

​

3.900% Senior Notes due November 2028

​

​

749.4

​

​

740.6

​

​

749.2

​

​

747.7

​

5.050% Senior Notes due April 2029

​

​

449.8

456.6

449.7

​

463.0

​

4.350% Senior Notes due June 2029

​

​

499.9

498.9

499.8

​

502.4

​

2.800% Senior Notes due February 2030

​

​

899.8

844.8

899.7

​

853.9

​

4.125% Senior Notes due November 2030

​

​

999.1

​

​

978.3

​

​

999.0

​

​

993.8

​

2.200% Senior Notes due September 2031

​

​

748.6

664.1

748.4

​

669.4

​

4.400% Senior Notes due February 2033

​

​

1,248.6

​

​

1,212.4

​

​

1,248.5

​

​

1,236.4

​

5.250% Senior Notes due April 2034

​

​

599.5

608.7

599.5

​

623.0

​

5.000% Senior Notes due January 2035

​

​

746.9

​

​

745.6

​

​

746.7

​

​

762.9

​

4.625% Senior Notes due February 2036

​

​

1,598.4

​

​

1,540.8

​

​

1,598.3

​

​

1,569.1

​

5.375% Senior Notes due November 2054

​

​

492.6

483.0

492.5

​

485.8

​

5.300% Senior Notes due November 2055

​

​

1,647.3

​

​

1,559.6

​

​

1,647.3

​

​

1,575.4

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Euro Senior Notes

​

​

​

​

​

​

​

​

​

​

​

​

​

0.750% Euro Senior Notes due May 2026

​

​

—

—

586.5

​

584.2

​

2.000% Euro Senior Notes due October 2028

​

​

569.5

559.7

585.8

​

578.2

​

3.375% Euro Senior Notes due May 2029

​

​

684.1

​

​

689.0

​

​

—

​

​

—

​

3.625% Euro Senior Notes due March 2031

​

​

569.3

​

​

577.6

​

​

—

​

​

—

​

3.125% Euro Senior Notes due June 2032

​

​

679.8

​

​

674.8

​

​

699.1

​

​

697.2

​

3.875% Euro Senior Notes due May 2034

​

​

570.0

​

​

582.7

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other debt

​

8.2

8.2

1.8

​

1.8

​

Less: unamortized deferred debt issuance costs

​

(117.7)

—

(99.9)

​

—

​

Total debt

​

18,811.3

18,591.2

15,502.0

​

15,412.8

​

Less: current portion

​

1,634.3

​

1,636.7

937.2

​

935.8

​

Total long-term debt

​

$

17,177.0

$

16,954.5

$

14,564.8

​

$

14,477.0

​