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INCOME TAXES (Tables)
 12 Months Ended
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:
202520242023
Current:
Federal$374.0 $558.0 $553.4 
Foreign157.3 155.1 147.6 
State and local85.2 132.2 109.0 
Total current616.5 845.3 810.0 
Deferred:
Federal170.6 (54.8)(39.9)
Foreign(44.0)(15.8)(51.5)
State and local26.6 (4.3)2.5 
Total deferred153.2 (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 effects41.2 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 allowances3.6 0.1 
Nontaxable or nondeductible items:
Employee share-based payments(50.1)(1.5)
Other1.9 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:
20242023
Statutory federal income tax rate21.0 %21.0 %
Effect of:
State and local income taxes3.2 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. earnings1.1 0.8 
Other - net0.1 0.2 
Reported effective tax rate22.3 %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:
202520242023
Domestic$3,019.3 $3,046.6 $2,817.0 
Foreign318.9 405.2 292.9 
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 
Foreign188.2 
State and local86.7 
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:
202520242023
Deferred tax assets:
Environmental and other similar items$62.9 $66.8 $72.0 
Employee related and benefit items176.8 175.2 162.1 
Operating lease liabilities510.5 499.6 483.2 
Research and development capitalization— 103.9 81.5 
Tax loss carryforwards & credits174.9 137.9 134.4 
Other items 162.5 193.1 177.8 
Total gross deferred tax assets1,087.6 1,176.5 1,111.0 
Valuation allowance(158.0)(124.5)(106.6)
Total deferred tax assets929.6 1,052.0 1,004.4 
Deferred tax liabilities:
Intangible assets and Property, plant and equipment, net921.4 948.7 1,001.1 
LIFO inventories130.9 120.5 115.2 
Operating lease right-of-use assets491.8 482.1 465.6 
Other items 56.3 40.7 28.6 
Total deferred tax liabilities1,600.4 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:
202520242023
Balance at beginning of year$99.3 $121.8 $242.4 
Additions based on tax positions related to the current year16.5 16.0 14.2 
Additions for tax positions of prior years3.9 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