XML 53 R38.htm IDEA: XBRL DOCUMENT v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Amount of Credit Facilities
The following table summarizes our debt outstanding as of December 31, 2025 and December 31, 2024:
(in thousands)December 31, 2025December 31, 2024
Unsecured revolving line of credit, $2,000,000,000, SOFR plus 1.25% variable,weighted average rate 5.01% as of December 31, 2025
$600,000 $— 
Commercial paper, net of discounts, weighted average rate of 4.39% at December 31, 2025
342,791 — 
Unsecured term notes:
January 6, 2022, Senior Unsecured Notes, $500,000, 1.75% fixed, due February 1, 2025
— 500,000 
June 30, 2019, Series B Senior Unsecured Notes, A$155,000, 3.43% fixed, due June 30, 2026
103,788 96,426 
November 30, 2016, Series H Senior Unsecured Notes, $250,000, 3.24% fixed, due November 30, 2026
250,000 250,000 
October 30, 2017, Series K Senior Unsecured Notes, €250,000, 1.81% fixed, due October 30, 2027
293,700 260,150 
October 30, 2017, Series I Senior Unsecured Notes, $120,000, 3.70% fixed, due October 30, 2027
120,000 120,000 
November 1, 2023 Senior Unsecured Notes, $425,000, 6.50% fixed, due November 1, 2028
425,000 425,000 
May 31, 2019, Series A Senior Unsecured Notes, €50,000, 1.55% fixed, due May 31, 2029
58,740 52,030 
August 7, 2024, Senior Unsecured Notes, $750,000, 4.95% fixed, due August 15, 2029
750,000 750,000 
October 30, 2017, Series L Senior Unsecured Notes, €125,000, 2.02% fixed, due October 30, 2029
146,850 130,075 
October 27, 2020, Senior Unsecured Notes, $500,000, 1.88% fixed, due November 1, 2030
500,000 500,000 
May 31, 2019, Series B Senior Unsecured Notes, €100,000, 1.74% fixed, due May 31, 2031
117,480 104,060 
January 6, 2022, Senior Unsecured Notes, $500,000, 2.75% fixed, due February 1, 2032
500,000 500,000 
October 30, 2017, Series M Senior Unsecured Notes, €100,000, 2.32% fixed, due October 30, 2032
117,480 104,060 
November 1, 2023 Senior Unsecured Notes, $375,000, 6.88% fixed, due November 1, 2033
375,000 375,000 
May 31, 2019, Series C Senior Unsecured Notes, €100,000, 1.95% fixed, due May 31, 2034
117,480 104,060 
Other unsecured debt2,035 43,619 
Total unsecured debt4,820,344 4,314,480 
Unamortized discount and debt issuance cost(24,593)(30,135)
Total debt4,795,751 4,284,345 
Less debt due within one year1,297,328 541,705 
Long-term debt, excluding current portion$3,498,423 $3,742,640 
Schedule of Maturities of Long-term Debt
The following table summarizes scheduled maturities of our debt for the years succeeding December 31, 2025 (in thousands):
2026$1,297,328 
2027414,986 
2028425,000 
2029955,590 
2030500,000 
Thereafter1,227,440 
$4,820,344