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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of short-term debt | Borrowings consist of the following:
| December 31, 2021 |  | December 31, 2020
Short-term: |  |  |
Short-term borrowings | $ | 702 |  |  | $ | — |
Commercial paper | 105,000 |  |  | — |
Notes payable | $ | 105,702 |  |  | $ | — |
Borrowings |
|  |  | Carrying amount (1)
| Principal |  | December 31, 2021 |  | December 31, 2020
Long-term: |  |  |  |  |
3.15% 10-year notes due November 15, 2025 | $ | 400,000 |  |  | $ | 397,389 |  |  | $ | 396,716 |
1.25% 10-year notes due November 9, 2026 (euro-denominated) | € | 600,000 |  |  | 674,217 |  |  | 724,310 |
0.750% 8-year notes due November 4, 2027 (euro denominated) | € | 500,000 |  |  | 561,293 |  |  | 603,107 |
6.65% 30-year debentures due June 1, 2028 | $ | 200,000 |  |  | 199,356 |  |  | 199,255 |
2.950% 10-year notes due November 4, 2029 | $ | 300,000 |  |  | 297,029 |  |  | 296,650 |
5.375% 30-year debentures due October 15, 2035 | $ | 300,000 |  |  | 296,559 |  |  | 296,309 |
6.60% 30-year notes due March 15, 2038 | $ | 250,000 |  |  | 248,166 |  |  | 248,053 |
5.375% 30-year notes due March 1, 2041 | $ | 350,000 |  |  | 344,705 |  |  | 344,429 |
Total long-term debt |  |  | $ | 3,018,714 |  |  | $ | 3,108,829 |
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $15.1 million and $17.6 million as of December 31, 2021 and 2020, respectively. Total deferred debt issuance costs were $12.5 million and $14.4 million as of December 31, 2021 and 2020, respectively.
Scheduled maturities | As of December 31, 2021, the future maturities of long-term debt were as follows:
| Future Maturities
2022 | $ | — |
2023 | — |
2024 | — |
2025 | 400,000 |
2026 | 679,810 |
2027 and thereafter | 1,966,508 |
Total | $ | 3,046,318 |

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