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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Borrowings consist of the following:
| December 31, 2024 |  | December 31, 2023
Short-term |  |  |
Current portion of long-term debt | $ | 399,411 |  |  | $ | — |
Commercial paper | — |  |  | 467,600 |
Other | 645 |  |  | 682 |
Short-term borrowings and current portion of long-term debt | $ | 400,056 |  |  | $ | 468,282 |
Schedule of Long-term Debt |
|  |  | Carrying amount (1)
| Principal |  | December 31, 2024 |  | December 31, 2023
Long-term |  |  |  |  |
3.15% 10-year notes due November 15, 2025 | $ | 400,000 |  |  | $ | 399,411 |  |  | $ | 398,737 |
1.25% 10-year notes due November 9, 2026 (euro-denominated) | € | 600,000 |  |  | 622,313 |  |  | 657,628 |
0.750% 8-year notes due November 4, 2027 (euro denominated) | € | 500,000 |  |  | 517,863 |  |  | 547,342 |
6.65% 30-year debentures due June 1, 2028 | $ | 200,000 |  |  | 199,657 |  |  | 199,557 |
2.950% 10-year notes due November 4, 2029 | $ | 300,000 |  |  | 298,166 |  |  | 297,787 |
5.375% 30-year debentures due October 15, 2035 | $ | 300,000 |  |  | 297,308 |  |  | 297,058 |
6.60% 30-year notes due March 15, 2038 | $ | 250,000 |  |  | 248,505 |  |  | 248,392 |
5.375% 30-year notes due March 1, 2041 | $ | 350,000 |  |  | 345,534 |  |  | 345,258 |
Total long-term debt |  |  | $ | 2,928,757 |  |  | $ | 2,991,759 |
Less current portion of long-term debt |  |  | (399,411) |  |  | — |
Net long-term debt |  |  | $ | 2,529,346 |  |  | $ | 2,991,759 |
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $8.5 million and $10.9 million as of December 31, 2024 and December 31, 2023, respectively. Total deferred debt issuance costs were $6.8 million and $8.9 million as of December 31, 2024 and December 31, 2023, respectively.
Scheduled Maturities | As of December 31, 2024, the future maturities of long-term debt were as follows:
| Future Maturities
2025 | $ | 400,000 |
2026 | 624,350 |
2027 | 520,291 |
2028 | 200,000 |
2029 | 300,000 |
2030 and thereafter | 900,000 |
Total | $ | 2,944,641 |

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