Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Borrowings consist of the following:

			Carrying amount (1)
	Principal		March 31, 2026		December 31, 2025
Long-term
1.25% 10-year notes due November 9, 2026 (euro-denominated)	€	600,000	692,848		706,677
0.750% 8-year notes due November 4, 2027 (euro-denominated)	€	500,000	576,532		588,082
6.65% 30-year debentures due June 1, 2028	$	200,000	199,782		199,757
2.950% 10-year notes due November 4, 2029	$	300,000	298,639		298,544
3.50% 8-year notes due November 12, 2033 (euro-denominated)	€	550,000	630,167		642,927
5.375% 30-year debentures due October 15, 2035	$	300,000	297,619		297,557
6.60% 30-year notes due March 15, 2038	$	250,000	248,647		248,618
5.375% 30-year notes due March 1, 2041	$	350,000	345,879		345,810
Total long-term debt			3,290,113		3,327,972
Less long-term debt current portion			(692,848)		(706,677)
Net long-term debt			$	2,597,265	$	2,621,295

(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts on total long-term debt were $8.0 million and $8.6 million as of March 31, 2026 and December 31, 2025, respectively. Total deferred debt issuance costs on total long-term debt were $9.2 million and $9.7 million as of March 31, 2026 and December 31, 2025, respectively.