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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Significant Components of the Provisions for Income Taxes | Significant components of the provisions for income taxes were as follows:
| 2025 |  | 2024 |  | 2023
Current: |  |  |  |  |
Federal | $ | 374.0 |  |  | $ | 558.0 |  |  | $ | 553.4 |
Foreign | 157.3 |  |  | 155.1 |  |  | 147.6 |
State and local | 85.2 |  |  | 132.2 |  |  | 109.0 |
Total current | 616.5 |  |  | 845.3 |  |  | 810.0 |
Deferred: |  |  |  |  |
Federal | 170.6 |  |  | (54.8) |  |  | (39.9) |
Foreign | (44.0) |  |  | (15.8) |  |  | (51.5) |
State and local | 26.6 |  |  | (4.3) |  |  | 2.5 |
Total deferred | 153.2 |  |  | (74.9) |  |  | (88.9) |
Total provisions for income taxes | $ | 769.7 |  |  | $ | 770.4 |  |  | $ | 721.1 |
Schedule of Reconciliation of the Statutory Federal Income Tax Rate to the Effective Tax Rate |
| 2025
Statutory federal income tax rate | $ | 701.0 |  |  | 21.0 | %
Effect of: |  |  |
State and local income taxes (1) | 103.2 |  |  | 3.2 |
Foreign tax effects | 41.2 |  |  | 1.2 |
Effect of cross border tax law | (6.4) |  |  | (0.2) |
Tax credits: |  |  |
Investment vehicles | (8.7) |  |  | (0.3) |
Other | (8.8) |  |  | (0.3) |
Changes in valuation allowances | 3.6 |  |  | 0.1 |
Nontaxable or nondeductible items: |  |  |
Employee share-based payments | (50.1) |  |  | (1.5) |
Other | 1.9 |  |  | 0.1 |
Changes in unrecognized tax benefits | (7.2) |  |  | (0.2) |
Reported effective tax rate | $ | 769.7 |  |  | 23.1 | %
(1) California, Texas, Illinois, Florida, Pennsylvania, New York, Wisconsin, and New Jersey make up greater than 50% of state and local income taxes. A reconciliation of the statutory federal income tax rate to the effective tax rate for years prior to the adoption of ASU 2023-09 is as follows:
| 2024 |  | 2023
Statutory federal income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
State and local income taxes | 3.2 |  |  | 3.0 |
Investment vehicles | (0.5) |  |  | (0.5) |
Employee share-based payments | (2.1) |  |  | (1.1) |
Research and development credits | (0.3) |  |  | (0.4) |
Amended returns and refunds | (0.2) |  |  | 0.2 |
Taxes on non-U.S. earnings | 1.1 |  |  | 0.8 |
Other - net | 0.1 |  |  | 0.2 |
Reported effective tax rate | 22.3 | % |  | 23.2 | %
Schedule of Significant Components of Income Before Income Taxes as Used for Income Tax Purposes | Significant components of Income before income taxes as used for income tax purposes, were as follows:
| 2025 |  | 2024 |  | 2023
Domestic | $ | 3,019.3 |  |  | $ | 3,046.6 |  |  | $ | 2,817.0 |
Foreign | 318.9 |  |  | 405.2 |  |  | 292.9 |
Income before income taxes | $ | 3,338.2 |  |  | $ | 3,451.8 |  |  | $ | 3,109.9 |
Schedule of Cash Flow, Supplemental Disclosures | A summary of total income taxes paid, net of refunds, in accordance with the adoption of ASU 2023-09 for the year ended December 31, 2025, is as follows:
Federal | $ | 317.8 |  |  |  |  |
Foreign | 188.2 |  |  |  |  |
State and local | 86.7 |  |  |  |  |
Total income taxes paid, net of refunds | $ | 592.7 |  |  |  |  |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company’s deferred tax assets and liabilities were as follows as of December 31:
| 2025 |  | 2024 |  | 2023
Deferred tax assets: |  |  |  |  |
Environmental and other similar items | $ | 62.9 |  |  | $ | 66.8 |  |  | $ | 72.0 |
Employee related and benefit items | 176.8 |  |  | 175.2 |  |  | 162.1 |
Operating lease liabilities | 510.5 |  |  | 499.6 |  |  | 483.2 |
Research and development capitalization | — |  |  | 103.9 |  |  | 81.5 |
Tax loss carryforwards & credits | 174.9 |  |  | 137.9 |  |  | 134.4 |
Other items | 162.5 |  |  | 193.1 |  |  | 177.8 |
Total gross deferred tax assets | 1,087.6 |  |  | 1,176.5 |  |  | 1,111.0 |
Valuation allowance | (158.0) |  |  | (124.5) |  |  | (106.6) |
Total deferred tax assets | 929.6 |  |  | 1,052.0 |  |  | 1,004.4 |
Deferred tax liabilities: |  |  |  |  |
Intangible assets and Property, plant and equipment, net | 921.4 |  |  | 948.7 |  |  | 1,001.1 |
LIFO inventories | 130.9 |  |  | 120.5 |  |  | 115.2 |
Operating lease right-of-use assets | 491.8 |  |  | 482.1 |  |  | 465.6 |
Other items | 56.3 |  |  | 40.7 |  |  | 28.6 |
Total deferred tax liabilities | 1,600.4 |  |  | 1,592.0 |  |  | 1,610.5 |
Net deferred tax liabilities | $ | 670.8 |  |  | $ | 540.0 |  |  | $ | 606.1 |
Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2025 |  | 2024 |  | 2023
Balance at beginning of year | $ | 99.3 |  |  | $ | 121.8 |  |  | $ | 242.4 |
Additions based on tax positions related to the current year | 16.5 |  |  | 16.0 |  |  | 14.2 |
Additions for tax positions of prior years | 3.9 |  |  | 12.8 |  |  | 12.6 |
Reductions for tax positions of prior years | (6.5) |  |  | (8.6) |  |  | (16.9) |
Settlements | (1.7) |  |  | (31.7) |  |  | (123.2) |
Lapses of statutes of limitations | (4.6) |  |  | (11.0) |  |  | (7.3) |
Balance at end of year | $ | 106.9 |  |  | $ | 99.3 |  |  | $ | 121.8 |

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