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Long-Term Debt | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Long-term debt consisted of the following:
| June 30, 2025 |  | June 30, 2024 |  | Dec. 31, 2024
| (Dollars in thousands)
Bank debt |  |  |  |  |
Bank revolving loans | $ | 1,361,887 |  |  | $ | 665,000 |  |  | $ | — |
U.S. term loans | 850,000 |  |  | 850,000 |  |  | 850,000 |
Euro term loans | 1,056,421 |  |  | — |  |  | 931,950 |
Other foreign bank revolving and term loans | 67,224 |  |  | 54,277 |  |  | 35,725 |
Total bank debt | 3,335,532 |  |  | 1,569,277 |  |  | 1,817,675 |
3¼% Senior Notes | — |  |  | 696,605 |  |  | 673,075 |
4⅛% Senior Notes | 600,000 |  |  | 600,000 |  |  | 600,000 |
2¼% Senior Notes | 586,900 |  |  | 535,850 |  |  | 517,750 |
1.4% Senior Secured Notes | 500,000 |  |  | 500,000 |  |  | 500,000 |
Finance leases | 40,943 |  |  | 38,134 |  |  | 41,673 |
Total debt - principal | 5,063,375 |  |  | 3,939,866 |  |  | 4,150,173 |
Less unamortized debt issuance costs and debt discount | 11,298 |  |  | 10,902 |  |  | 13,320 |
Total debt | 5,052,077 |  |  | 3,928,964 |  |  | 4,136,853 |
Less current portion | 1,937,384 |  |  | 1,398,246 |  |  | 716,932 |
| $ | 3,114,693 |  |  | $ | 2,530,718 |  |  | $ | 3,419,921 |
At June 30, 2025, the current portion of long-term debt consisted of $640.0 million of U.S. revolving loans, $721.9 million of Euro revolving loans, $8.5 million of U.S. term loans and $10.6 million of Euro term loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $500.0 million of our 1.4% Senior Secured Notes, $52.3 million of other foreign bank revolving and term loans and $4.1 million of finance leases. On March 15, 2025, we repaid all €650.0 million aggregate principal amount of our outstanding 3¼% Senior Notes due 2025, or the 3¼% Notes, at 100 percent of their principal amount plus accrued and unpaid interest to the repayment date. We funded this repayment with Euro revolving loan borrowings under the Credit Agreement and cash on hand.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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