v3.25.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Instruments [Abstract] |
Debt Outstanding and Debt Activity Tables | The following table presents the outstanding debt:
|  | March 31, 2025 |  | December 31, 2024
thousands |  | Principal |  | Carrying Value |  | Fair Value (1) |  | Principal |  | Carrying Value |  | Fair Value (1)
Short-term debt |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes |  | $ | 336,758 |  |  | $ | 336,594 |  |  | $ | 336,118 |  |  | $ | 1,000,589 |  |  | $ | 1,000,076 |  |  | $ | 997,666 |
Finance lease liabilities |  | 14,003 |  |  | 14,003 |  |  | 14,003 |  |  | 10,956 |  |  | 10,956 |  |  | 10,956 |
Total short-term debt |  | $ | 350,761 |  |  | $ | 350,597 |  |  | $ | 350,121 |  |  | $ | 1,011,545 |  |  | $ | 1,011,032 |  |  | $ | 1,008,622 |
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes (2) |  | $ | 6,976,834 |  |  | $ | 6,904,841 |  |  | $ | 6,604,266 |  |  | $ | 6,976,834 |  |  | $ | 6,903,318 |  |  | $ | 6,548,127 |
Finance lease liabilities |  | 20,192 |  |  | 20,192 |  |  | 20,192 |  |  | 23,329 |  |  | 23,329 |  |  | 23,329 |
Total long-term debt |  | $ | 6,997,026 |  |  | $ | 6,925,033 |  |  | $ | 6,624,458 |  |  | $ | 7,000,163 |  |  | $ | 6,926,647 |  |  | $ | 6,571,456 |
_________________________________________________________________________________________ (1)Fair value is measured using the market approach and Level-2 fair value inputs. (2)As of March 31, 2025, maturity dates range from 2026 to 2050. Debt activity. The following table presents the debt activity for the three months ended March 31, 2025:
thousands |  | Carrying Value
Balance at December 31, 2024 |  | $ | 7,937,679 |
Repayment of 3.100% Senior Notes due 2025 |  | (663,831) |
Finance lease liabilities |  | (90) |
Other |  | 1,872 |
Balance at March 31, 2025 |  | $ | 7,275,630 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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