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Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of short-term debt [Table Text Block]

Borrowings consist of the following:

			December 31, 2020						December 31, 2019
Short-term:
Commercial paper			$	—					$	84,700
Notes payable			$	—					$	84,700

Borrowings [Table Text Block]

									Carrying amount (1)
			Principal						December 31, 2020						December 31, 2019
Long-term:
3.15% 10-year notes due November 15, 2025			$	400,000					$	396,716					$	396,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)			€	600,000					724,310						658,089
0.750% 8-year notes due November 4, 2027 (euro denominated)			€	500,000					603,107						548,008
6.65% 30-year debentures due June 1, 2028			$	200,000					199,255						199,155
2.950% 10-year notes due November 4, 2029			$	300,000					296,650						296,270
5.375% 30-year debentures due October 15, 2035			$	300,000					296,309						296,060
6.60% 30-year notes due March 15, 2038			$	250,000					248,053						247,939
5.375% 30-year notes due March 1, 2041			$	350,000					344,429						344,153
Total long-term debt									$	3,108,829					$	2,985,716

(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $17.6 million and $18.9 million as of December 31, 2020 and 2019, respectively. Total deferred debt issuance costs were $14.4 million and $16.2 million as of December 31, 2020 and 2019, respectively.

Scheduled maturities [Table Text Block]

As of December 31, 2020, the future maturities of long-term debt were as follows:

			Future Maturities
2021			$	—
2022			—
2023			—
2024			—
2025			396,716
2026 and thereafter			2,712,113
Total			$	3,108,829

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