Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Borrowings consisted of the following:

	June 30, 2020		December 31, 2019
Short-term
Commercial paper	$	505,000	$	84,700
Notes payable	$	505,000	$	84,700

Schedule of Long-term Debt Instruments

			Carrying amount (1)
	Principal		June 30, 2020		December 31, 2019
Long-term
3.15% 10-year notes due November 15, 2025	$	400,000	$	396,379	$	396,042
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	665,896		658,089
0.750% 8-year notes due November 4, 2027 (euro denominated)	€	500,000	554,458		548,008
6.65% 30-year debentures due June 1, 2028	$	200,000	199,205		199,155
2.950% 10-year notes due November 4, 2029	$	300,000	296,460		296,270
5.375% 30-year debentures due October 15, 2035	$	300,000	296,185		296,060
6.60% 30-year notes due March 15, 2038	$	250,000	247,996		247,939
5.375% 30-year notes due March 1, 2041	$	350,000	344,291		344,153
Total long-term debt			$	3,000,870	$	2,985,716

⁽¹⁾ Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were

$18.0 million and $18.9 million as of June 30, 2020 and December 31, 2019, respectively. Total deferred debt issuance costs were $15.3 million and $16.2 million as of June 30, 2020 and December 31, 2019, respectively.