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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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