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v3.25.1

Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Borrowings consist of the following:
| March 31, 2025 |  | December 31, 2024
Short-term |  |  |
Current portion of long-term debt | $ | 399,579 |  |  | $ | 399,411 |
Other | 683 |  |  | 645 |
Short-term borrowings and current portion of long-term debt | $ | 400,262 |  |  | $ | 400,056 |
Schedule of Long-term Debt |
|  |  | Carrying amount (1)
| Principal |  | March 31, 2025 |  | December 31, 2024
Long-term |  |  |  |  |
3.15% 10-year notes due November 15, 2025 | $ | 400,000 |  |  | $ | 399,579 |  |  | $ | 399,411 |
1.25% 10-year notes due November 9, 2026 (euro-denominated) | € | 600,000 |  |  | 645,730 |  |  | 622,313 |
0.750% 8-year notes due November 4, 2027 (euro-denominated) | € | 500,000 |  |  | 537,351 |  |  | 517,863 |
6.65% 30-year debentures due June 1, 2028 | $ | 200,000 |  |  | 199,682 |  |  | 199,657 |
2.950% 10-year notes due November 4, 2029 | $ | 300,000 |  |  | 298,260 |  |  | 298,166 |
5.375% 30-year debentures due October 15, 2035 | $ | 300,000 |  |  | 297,370 |  |  | 297,308 |
6.60% 30-year notes due March 15, 2038 | $ | 250,000 |  |  | 248,534 |  |  | 248,505 |
5.375% 30-year notes due March 1, 2041 | $ | 350,000 |  |  | 345,603 |  |  | 345,534 |
Other |  |  | 10 |  |  | — |
Total long-term debt |  |  | 2,972,119 |  |  | 2,928,757 |
Less long-term debt current portion |  |  | (399,579) |  |  | (399,411) |
Net long-term debt |  |  | $ | 2,572,540 |  |  | $ | 2,529,346 |
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $8.2 million and $8.5 million as of March 31, 2025 and December 31, 2024, respectively. Total deferred debt issuance costs were $6.4 million and $6.8 million as of March 31, 2025 and December 31, 2024, respectively.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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