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Borrowings (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consist of the following:

			September 30, 2025						December 31, 2024
Short-term
Current portion of long-term debt			$	399,916					$	399,411
Other			730						645
Short-term borrowings and current portion of long-term debt			$	400,646					$	400,056

Schedule of Long-term Debt

									Carrying amount (1)
			Principal						September 30, 2025						December 31, 2024
Long-term
3.15% 10-year notes due November 15, 2025			$	400,000					$	399,916					$	399,411
1.25% 10-year notes due November 9, 2026 (euro-denominated)			€	600,000					698,820						622,313
0.750% 8-year notes due November 4, 2027 (euro-denominated)			€	500,000					581,534						517,863
6.65% 30-year debentures due June 1, 2028			$	200,000					199,732						199,657
2.950% 10-year notes due November 4, 2029			$	300,000					298,450						298,166
5.375% 30-year debentures due October 15, 2035			$	300,000					297,495						297,308
6.60% 30-year notes due March 15, 2038			$	250,000					248,590						248,505
5.375% 30-year notes due March 1, 2041			$	350,000					345,741						345,534
Total long-term debt									3,070,278						2,928,757
Less long-term debt current portion									(399,916)						(399,411)
Net long-term debt									$	2,670,362					$	2,529,346

(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts on net long-term debt were $7.6 million and $8.5 million as of September 30, 2025 and December 31, 2024, respectively. Total deferred debt issuance costs on net long-term debt were $5.7 million and $6.8 million as of September 30, 2025 and December 31, 2024, respectively.

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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.

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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