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Subsequent Events (Tables) | 12 Months Ended
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Dec. 31, 2021
Subsequent Events [Abstract] |
Debt Instruments | Details of the Company's debt at December 31 were as follows:
| 2021 |  | 2020
Commercial paper, average rate of 0.16% in 2021 and 0.75% in 2020 | $ | 349,000 |  |  | $ | — |
1.00% Euro loan due May 2021 | — |  |  | 183,662 |
9.2% debentures due August 2021 | — |  |  | 4,320 |
4.375% debentures due November 2021 | — |  |  | 249,741 |
3.125% debentures due May 2030 | 595,342 |  |  | 594,687 |
5.75% debentures due November 2040 | 536,182 |  |  | 599,279 |
Other foreign denominated debt, average rate of 3.0% in 2021 and 2.2% in 2020 | 55,432 |  |  | 15,522 |
Finance lease obligations | 60,282 |  |  | 37,943 |
Other notes | 14,424 |  |  | 15,070 |
Total debt | $ | 1,610,662 |  |  | $ | 1,700,224 |
Less current portion and short-term notes | 411,557 |  |  | 455,784 |
Long-term debt | $ | 1,199,106 |  |  | $ | 1,244,440 |
On January 21, 2022, the Company completed a registered public offering of unsecured notes (the "Notes") with an aggregate principal amount of $1,200,000. The Notes consisted of the following:
| Principal Amount |  | Interest Rate |  | Maturity
2025 Notes | $ | 400,000 |  |  | 1.800% |  | February 1, 2025
2027 Notes | 300,000 |  |  | 2.250% |  | February 1, 2027
2032 Notes | 500,000 |  |  | 2.850% |  | February 1, 2032
Total | $ | 1,200,000 |  |  |  |  |

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