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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Debt Outstanding | Debt outstanding at December 31, 2025 and 2024 was as follows:
| December 31,
| 2025 |  | 2024
| (In millions)
Commercial paper (“CP”) | $ | 762.0 |  |  | $ | 286.5 |
Notes, 2.60%, due December 2025 | — |  |  | 400.0 |
Notes, 3.25%, due June 2026 | 275.0 |  |  | 275.0 |
Notes, 5.10%, due December 2027 | 750.0 |  |  | 750.0 |
Notes, 5.10%, due June 2028 | 700.0 |  |  | 700.0 |
Debentures, 6.90%, due July 2028 | 125.0 |  |  | 125.0 |
Notes, 4.80%, due September 2029 | 650.0 |  |  | 650.0 |
Notes, 3.10%, due May 2030 | 600.0 |  |  | 600.0 |
Notes, 2.35%, due September 2031 | 1,000.0 |  |  | 1,000.0 |
Notes, 7.00%, due July 2037 | 250.0 |  |  | 250.0 |
Other | 2.2 |  |  | 1.2 |
Total debt | 5,114.2 |  |  | 5,037.7 |
Less short-term debt and current maturities | (1,038.0) |  |  | (687.7) |
Less unamortized discounts and debt issuance costs | (20.9) |  |  | (27.2) |
Total long-term debt, net | $ | 4,055.3 |  |  | $ | 4,322.8 |
Scheduled Future Maturities of Debt | Scheduled future maturities of debt at December 31, 2025 are as follows:
Years ending December 31, |  | Amount
|  | (In millions)
2026 |  | $ | 1,038.0 |
2027 |  | 750.3 |
2028 |  | 825.3 |
2029 |  | 650.3 |
2030 |  | 600.3 |
Thereafter |  | 1,250.0 |
Total debt |  | $ | 5,114.2 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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