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DEBT (Tables)

12 Months Ended

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.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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