XML 66 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Borrowings consist of the following:
 December 31, 2023December 31, 2022
Short-term
Commercial paper$467,600 $734,936 
Other682 836 
Short-term borrowings$468,282 $735,772 
Schedule of Long-term Debt
Carrying amount (1)
 PrincipalDecember 31, 2023December 31, 2022
Long-term
3.15% 10-year notes due November 15, 2025
$400,000 $398,737 $398,063 
1.25% 10-year notes due November 9, 2026 (euro-denominated)
€600,000 657,628 631,522 
0.750% 8-year notes due November 4, 2027 (euro denominated)
€500,000 547,342 525,654 
6.65% 30-year debentures due June 1, 2028
$200,000 199,557 199,456 
2.950% 10-year notes due November 4, 2029
$300,000 297,787 297,408 
5.375% 30-year debentures due October 15, 2035
$300,000 297,058 296,808 
6.60% 30-year notes due March 15, 2038
$250,000 248,392 248,279 
5.375% 30-year notes due March 1, 2041
$350,000 345,258 344,982 
Other— 341 
Total long-term debt$2,991,759 $2,942,513 
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $10.9 million and $12.7 million as of December 31, 2023 and December 31, 2022, respectively. Total deferred debt issuance costs were $8.9 million and $10.7 million as of December 31, 2023 and December 31, 2022, respectively.
Scheduled Maturities
As of December 31, 2023, the future maturities of long-term debt were as follows:
Future Maturities
2024$— 
2025400,000 
2026660,866 
2027550,721 
2028200,000 
2029 and thereafter1,200,000 
Total$3,011,587