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Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt instruments

Details of the Company's debt at December 31 were as follows:

			2022						2021
Commercial paper, average rate of 1.93% in 2022 and 0.16% in 2021			$	—					$	349,000
Syndicated term loan due December 2023			399,246						—
Syndicated term loan due January 2025			299,644						—
1.80% notes due February 2025			398,369						—
2.25% notes due February 2027			297,910						—
2.85% notes due February 2032			495,264						—
3.125% notes due May 2030			595,911						595,342
5.75% notes due November 2040			536,214						536,182
Other foreign denominated debt, average rate of 5.7% in 2022 and 3.0% in 2021			20,668						55,432
Finance lease obligations			102,920						60,282
Other debt			76,077						14,425
Total debt			$	3,222,223					$	1,610,663
Less: Notes payable and current portion of long-term debt			502,440						411,557
Long-term debt			$	2,719,783					$	1,199,106

On January 21, 2022, the Company completed a registered public offering of green bonds with an aggregate principal amount of $1,200,000. These unsecured notes (the “Notes”) consisted of the following:

			Principal Amount						Issuance Costs and Discounts						Net Proceeds						Interest Rate						Maturity
2025 Notes			$	400,000					$	(2,356)					$	397,644					1.800%						February 1, 2025
2027 Notes			$	300,000					$	(2,565)					$	297,435					2.250%						February 1, 2027
2032 Notes			$	500,000					$	(5,220)					$	494,780					2.850%						February 1, 2032
Total			$	1,200,000					$	(10,141)					$	1,189,859

Schedule of extinguishment of debt

Upon expiration of the tender on May 25, 2021, the Company repurchased 10.53% of its outstanding 5.75% notes for a total cash cost of $81,961, as shown below:

						Principal Amount Tendered			Premium and Other Amounts Paid			Total Cash Paid
5.75% notes due November 2040						$	63,206		$	18,755		$	81,961

Schedule of debt maturities

The principal requirements of debt maturing in the next five years are:

			2023						2024						2025						2026						2027
Debt maturities by year			$	502,440					$	14,966					$	715,332					$	14,595					$	301,960

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