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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of short-term debt Borrowings consist of the following:
 December 31, 2021December 31, 2020
Short-term:
Short-term borrowings$702 $— 
Commercial paper105,000 — 
Notes payable$105,702 $— 
Borrowings
Carrying amount (1)
 PrincipalDecember 31, 2021December 31, 2020
Long-term:
3.15% 10-year notes due November 15, 2025
$400,000 $397,389 $396,716 
1.25% 10-year notes due November 9, 2026 (euro-denominated)
€600,000 674,217 724,310 
0.750% 8-year notes due November 4, 2027 (euro denominated)
€500,000 561,293 603,107 
6.65% 30-year debentures due June 1, 2028
$200,000 199,356 199,255 
2.950% 10-year notes due November 4, 2029
$300,000 297,029 296,650 
5.375% 30-year debentures due October 15, 2035
$300,000 296,559 296,309 
6.60% 30-year notes due March 15, 2038
$250,000 248,166 248,053 
5.375% 30-year notes due March 1, 2041
$350,000 344,705 344,429 
Total long-term debt$3,018,714 $3,108,829 
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $15.1 million and $17.6 million as of December 31, 2021 and 2020, respectively. Total deferred debt issuance costs were $12.5 million and $14.4 million as of December 31, 2021 and 2020, respectively.
Scheduled maturities
As of December 31, 2021, the future maturities of long-term debt were as follows:
Future Maturities
2022$— 
2023— 
2024— 
2025400,000 
2026679,810 
2027 and thereafter1,966,508 
Total$3,046,318