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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

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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.

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