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DEBT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The table below summarizes the carrying value of the Company’s outstanding debt, net of capitalized debt issuance costs, discounts and premiums:
| Due Date |  | 2025 |  | 2024 |  | 2023
3.45% Senior Notes | 2027 |  | $ | 1,497.5 |  |  | $ | 1,495.7 |  |  | $ | 1,493.9 |
4.50% Senior Notes | 2047 |  | 1,234.5 |  |  | 1,233.7 |  |  | 1,233.0 |
2.95% Senior Notes | 2029 |  | 796.5 |  |  | 795.5 |  |  | 794.6 |
3.80% Senior Notes | 2049 |  | 544.0 |  |  | 543.7 |  |  | 543.6 |
2.30% Senior Notes | 2030 |  | 498.0 |  |  | 497.6 |  |  | 497.1 |
4.30% Senior Notes | 2028 |  | 497.1 |  |  | — |  |  | — |
2.20% Senior Notes | 2032 |  | 496.1 |  |  | 495.5 |  |  | 494.8 |
4.50% Senior Notes | 2030 |  | 495.5 |  |  | — |  |  | — |
5.15% Senior Notes | 2035 |  | 495.4 |  |  | — |  |  | — |
3.30% Senior Notes | 2050 |  | 494.8 |  |  | 494.6 |  |  | 494.3 |
2.90% Senior Notes | 2052 |  | 492.4 |  |  | 492.1 |  |  | 491.9 |
4.80% Senior Notes | 2031 |  | 445.7 |  |  | 445.0 |  |  | — |
4.55% Senior Notes | 2028 |  | 398.4 |  |  | 397.6 |  |  | — |
4.55% Senior Notes | 2045 |  | 395.6 |  |  | 395.4 |  |  | 395.2 |
3.95% Senior Notes | 2026 |  | 350.1 |  |  | 351.6 |  |  | 353.1 |
4.00% Senior Notes | 2042 |  | 297.3 |  |  | 297.2 |  |  | 297.0 |
4.40% Senior Notes | 2045 |  | 241.8 |  |  | 241.3 |  |  | 240.9 |
0.53% to 8.00% Promissory Notes | Through 2026 |  | 0.1 |  |  | 0.2 |  |  | 0.9 |
3.45% Senior Notes | 2025 |  | — |  |  | 399.8 |  |  | 399.4 |
4.25% Senior Notes | 2025 |  | — |  |  | 399.5 |  |  | 398.6 |
3.30% Senior Notes | 2025 |  | — |  |  | 250.0 |  |  | 249.9 |
4.05% Senior Notes | 2024 |  | — |  |  | — |  |  | 598.8 |
3.125% Senior Notes | 2024 |  | — |  |  | — |  |  | 499.7 |
Total (1) |  |  | 9,670.8 |  |  | 9,226.0 |  |  | 9,476.7 |
Less amounts due within one year |  |  | 350.1 |  |  | 1,049.2 |  |  | 1,098.8 |
Long-term debt |  |  | $ | 9,320.7 |  |  | $ | 8,176.8 |  |  | $ | 8,377.9 |
(1) Net of capitalized debt issuance costs of $53.6 million, $48.6 million and $49.3 million and net of discounts and premiums of $25.7 million, $26.0 million and $25.2 million at December 31, 2025, 2024 and 2023, respectively.
Schedule of Short-term Debt | The table below summarizes the Company’s Short-term borrowings:
| 2025 |  | 2024 |  | 2023
Domestic: |  |  |  |  |
Domestic commercial paper | $ | 281.4 |  |  | $ | 655.6 |  |  | $ | 347.7 |
USD DDTL | 625.0 |  |  | — |  |  | — |
Foreign: |  |  |  |  |
EUR DDTL | 293.6 |  |  | — |  |  | — |
Foreign facilities | 0.5 |  |  | 6.8 |  |  | 26.5 |
Total | $ | 1,200.5 |  |  | $ | 662.4 |  |  | $ | 374.2 |
Weighted average interest rate: |  |  |  |  |
Domestic | 4.4 | % |  | 4.7 | % |  | 5.5 | %
Foreign | 2.8 | % |  | 3.1 | % |  | 3.6 | %

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