XML 59 R45.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
Debt instruments | Details of the Company’s debt at December 31 were as follows:
| 2024 |  | 2023
364-Day term loan due December 2025 | $ | 1,493,568 |  |  | $ | — |
Term loan due December 2026 | 698,167 |  |  | — |
Syndicated term loan due August 2028 | 497,674 |  |  | 572,025 |
1.80% notes due February 2025 | 399,933 |  |  | 399,149 |
4.450% notes due September 2026 | 496,869 |  |  | — |
2.25% notes due February 2027 | 298,930 |  |  | 298,421 |
4.600% notes due September 2029 | 594,519 |  |  | — |
3.125% notes due May 2030 | 596,958 |  |  | 596,480 |
2.85% notes due February 2032 | 496,302 |  |  | 495,785 |
5.000% notes due September 2034 | 689,802 |  |  | — |
5.75% notes due November 2040 | 536,282 |  |  | 536,246 |
Other foreign denominated debt, average rate of 6.0% in 2024 and 8.8% in 2023 | 155,048 |  |  | 49,418 |
Finance lease obligations | 67,628 |  |  | 72,609 |
Other debt | 18,341 |  |  | 16,803 |
Total debt | $ | 7,040,021 |  |  | $ | 3,036,936 |
Less: Notes payable and current portion of long-term debt | (2,054,525) |  |  | (38,934) |
Long-term debt | $ | 4,985,496 |  |  | $ | 2,998,002 |
The Notes consisted of the following:
| Principal Amount |  | Issuance Costs and Discounts |  | Net Proceeds |  | Interest Rate |  | Maturity
2026 Notes | $ | 500,000 |  |  | (3,697) |  |  | $ | 496,303 |  |  | 4.450 | % |  | September 1, 2026
2029 Notes | 600,000 |  |  | (5,851) |  |  | 594,149 |  |  | 4.600 | % |  | September 1, 2029
2034 Notes | 700,000 |  |  | (10,542) |  |  | 689,458 |  |  | 5.000 | % |  | September 1, 2034
Total | $ | 1,800,000 |  |  | $ | (20,090) |  |  | $ | 1,779,910 |  |  |  |  |
Schedule of debt maturities | The principal requirements of debt maturing in the next five years are:
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Debt maturities by year | $ | 2,054,525 |  |  | $ | 1,218,544 |  |  | $ | 310,533 |  |  | $ | 508,115 |  |  | $ | 598,367 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration