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Borrowings (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt
Borrowings consist of the following:
 December 31, 2025December 31, 2024
Short-term
Current portion of long-term debt
$706,677 $399,411 
Other— 645 
Short-term borrowings and current portion of long-term debt
$706,677 $400,056 
Schedule of Long-Term Debt
Carrying amount (1)
 PrincipalDecember 31, 2025December 31, 2024
Long-term
3.15% 10-year notes due November 15, 2025
$400,000 $— $399,411 
1.25% 10-year notes due November 9, 2026 (euro-denominated)
600,000 706,677 622,313 
0.750% 8-year notes due November 4, 2027 (euro-denominated)
500,000 588,082 517,863 
6.65% 30-year debentures due June 1, 2028
$200,000 199,757 199,657 
2.950% 10-year notes due November 4, 2029
$300,000 298,544 298,166 
3.50% 8-year notes due November 12, 2033 (euro-denominated)
550,000 642,927 — 
5.375% 30-year debentures due October 15, 2035
$300,000 297,557 297,308 
6.60% 30-year notes due March 15, 2038
$250,000 248,618 248,505 
5.375% 30-year notes due March 1, 2041
$350,000 345,810 345,534 
Total long-term debt$3,327,972 $2,928,757 
Less current portion of long-term debt
(706,677)(399,411)
Net long-term debt$2,621,295 $2,529,346 
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts were $8.6 million and $8.5 million as of December 31, 2025 and December 31, 2024, respectively. Total deferred debt issuance costs were $9.7 million and $6.8 million as of December 31, 2025 and December 31, 2024, respectively.
Schedule of Future Maturities of Long-Term Debt
As of December 31, 2025, the future maturities of long-term debt were as follows:
Future Maturities
2026$707,714 
2027589,762 
2028200,000 
2029300,000 
2030— 
2031 and thereafter1,548,738 
Total$3,346,214