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Borrowings (Tables)
3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Borrowings consist of the following:
 March 31, 2025December 31, 2024
Short-term
Current portion of long-term debt
$399,579 $399,411 
Other683 645 
Short-term borrowings and current portion of long-term debt
$400,262 $400,056 
Schedule of Long-term Debt
 
Carrying amount (1)
PrincipalMarch 31, 2025December 31, 2024
Long-term
3.15% 10-year notes due November 15, 2025
$400,000 $399,579 $399,411 
1.25% 10-year notes due November 9, 2026 (euro-denominated)
600,000 645,730 622,313 
0.750% 8-year notes due November 4, 2027 (euro-denominated)
500,000 537,351 517,863 
6.65% 30-year debentures due June 1, 2028
$200,000 199,682 199,657 
2.950% 10-year notes due November 4, 2029
$300,000 298,260 298,166 
5.375% 30-year debentures due October 15, 2035
$300,000 297,370 297,308 
6.60% 30-year notes due March 15, 2038
$250,000 248,534 248,505 
5.375% 30-year notes due March 1, 2041
$350,000 345,603 345,534 
Other10 — 
Total long-term debt2,972,119 2,928,757 
Less long-term debt current portion(399,579)(399,411)
Net long-term debt
$2,572,540 $2,529,346 
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $8.2 million and $8.5 million as of March 31, 2025 and December 31, 2024, respectively. Total deferred debt issuance costs were $6.4 million and $6.8 million as of March 31, 2025 and December 31, 2024, respectively.