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Borrowings (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Borrowings consist of the following:
 June 30, 2025December 31, 2024
Short-term
Current portion of long-term debt
$399,747 $399,411 
Other730 645 
Short-term borrowings and current portion of long-term debt
$400,477 $400,056 
Schedule of Long-term Debt
 
Carrying amount (1)
PrincipalJune 30, 2025December 31, 2024
Long-term
3.15% 10-year notes due November 15, 2025
$400,000 $399,747 $399,411 
1.25% 10-year notes due November 9, 2026 (euro-denominated)
600,000 698,038 622,313 
0.750% 8-year notes due November 4, 2027 (euro-denominated)
500,000 580,900 517,863 
6.65% 30-year debentures due June 1, 2028
$200,000 199,707 199,657 
2.950% 10-year notes due November 4, 2029
$300,000 298,355 298,166 
5.375% 30-year debentures due October 15, 2035
$300,000 297,432 297,308 
6.60% 30-year notes due March 15, 2038
$250,000 248,562 248,505 
5.375% 30-year notes due March 1, 2041
$350,000 345,672 345,534 
Total long-term debt3,068,413 2,928,757 
Less long-term debt current portion(399,747)(399,411)
Net long-term debt
$2,668,666 $2,529,346 
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts on net long-term debt were $8.0 million and $8.5 million as of June 30, 2025 and December 31, 2024, respectively. Total deferred debt issuance costs on net long-term debt were $6.0 million and $6.8 million as of June 30, 2025 and December 31, 2024, respectively.