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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating activities:        
Net income $ 403,926 $ 320,894 $ 922,796 $ 1,340,084
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 138,487 121,052 405,108 353,357
Equity-based compensation 14,238 12,828 45,341 41,453
Deferred income taxes 147,570 14,832 202,948 (1,615)
Other adjustments (7,986) (10,523) (13,071) 1,779
Changes in certain assets and liabilities:        
Accounts receivable (60,985) 210,435 (344,762) 43,350
Inventories 64,501 28,169 (85,106) (151,501)
Other assets (34,551) (11,851) (58,877) (22,054)
Accounts payable (4,817) (13,852) 238,516 (11,604)
Income taxes receivable/payable (65,070) (12,971) (104,965) 7,017
Accrued expenses 127,295 100,840 (31,106) (102,635)
Net cash provided by operating activities 722,608 759,853 1,176,822 1,497,631
Investing activities:        
Purchases of property, plant and equipment (165,692) (621,355) (759,529) (1,414,831)
Purchases of short-term investments   (430,826) (39,571) (699,879)
Proceeds from maturities of short-term investments 39,571 204,543 186,996 775,851
Other investing activities 5,593 (4,357) 7,121 (15,656)
Net cash used in investing activities (120,528) (851,995) (604,983) (1,354,515)
Financing activities:        
Issuance of current and long-term debt 407,965 1,185,657 2,298,186 2,145,538
Repayment of current and long-term debt (408,291) (527,977) (1,743,423) (1,531,969)
Dividends paid (73,894) (71,584) (218,098) (212,216)
Purchases of treasury stock (210,388) (309,901) (660,574) (917,024)
Other financing activities (5,056) 1,177 (67,243) (13,153)
Net cash provided by (used in) financing activities (289,664) 277,372 (391,152) (528,824)
Increase (decrease) in cash, cash equivalents, and restricted cash 312,416 185,230 180,687 (385,708)
Cash, cash equivalents, and restricted cash at beginning of period 463,281 835,526 595,010 1,406,464
Cash, cash equivalents, and restricted cash at end of period 775,697 1,020,756 775,697 1,020,756
Supplemental disclosure information:        
Cash paid for interest 25,645 9,102 88,859 59,466
Cash paid for income taxes, net $ 22,192 $ 81,742 $ 150,662 $ 383,455