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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value [Abstract]  
Carrying Values and Fair Values of Debt Instruments

Carrying Value at

Fair Value (a) at

June 30, 

December 31, 

June 30, 

December 31, 

    

2022

    

2021

    

2022

    

2021

4.25% Senior Notes due 2028

$

500,000

$

500,000

$

505,500

$

561,350

3.50% Senior Notes due 2029

$

500,000

$

500,000

$

470,200

$

539,500

2.60% Senior Notes due 2030

$

600,000

$

600,000

$

524,820

$

610,440

2.20% Senior Notes due 2032

$

650,000

$

650,000

$

532,675

$

637,065

3.20% Senior Notes due 2032

$

500,000

$

$

444,200

$

3.05% Senior Notes due 2050

$

500,000

$

500,000

$

366,200

$

496,350

2.95% Senior Notes due 2052

$

850,000

$

850,000

$

608,855

$

828,580

____________________

*Senior Notes are classified as Level 2 within the fair value hierarchy. Fair value inputs include third-party calculations of the market interest rate of notes with similar ratings in similar industries over the remaining note terms.