Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of short-term debt

Borrowings consist of the following:

	December 31, 2022		December 31, 2021
Short-term:
Commercial paper	$	734,936	$	105,000
Other	836		702
Short-term borrowings	$	735,772	$	105,702

Borrowings

			Carrying amount (1)
	Principal		December 31, 2022		December 31, 2021
Long-term:
3.15% 10-year notes due November 15, 2025	$	400,000	$	398,063	$	397,389
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	631,522		674,217
0.750% 8-year notes due November 4, 2027 (euro denominated)	€	500,000	525,654		561,293
6.65% 30-year debentures due June 1, 2028	$	200,000	199,456		199,356
2.950% 10-year notes due November 4, 2029	$	300,000	297,408		297,029
5.375% 30-year debentures due October 15, 2035	$	300,000	296,808		296,559
6.60% 30-year notes due March 15, 2038	$	250,000	248,279		248,166
5.375% 30-year notes due March 1, 2041	$	350,000	344,982		344,705
Other			341		—
Total long-term debt			$	2,942,513	$	3,018,714

(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $12.7 million and $15.1 million as of December 31, 2022 and 2021, respectively. Total deferred debt issuance costs were $10.7 million and $12.5 million as of December 31, 2022 and 2021, respectively.

Scheduled maturities

As of December 31, 2022, the future maturities of long-term debt were as follows:

	Future Maturities
2024	$	118
2025	400,103
2026	635,915
2027	529,829
2028 and thereafter	1,400,000
Total	$	2,965,965