General (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Reconciliation of Prepaid Expenses And Other Current Assets

The following table provides a detail of prepaid expenses and other current assets reported within the Condensed Consolidated Balance Sheets as of:

(in thousands)	March 31, 2025		December 31, 2024
Prepaid expenses	$	173,925	$	118,401
Consideration receivable from vendors	959,843		972,842
Other current assets	520,010		584,067
Total prepaid expenses and other current assets	$	1,653,778	$	1,675,310

Schedule of Derivative Instruments

The following table summarizes the classification and carrying amounts of the derivative instruments and the foreign currency denominated debt, a non-derivative financial instrument, that are designated and qualify as part of hedging relationships (in thousands):

		March 31, 2025				December 31, 2024
Instrument	Balance Sheet Location	Notional		Balance		Notional		Balance
Net investment hedges:
Forward contracts	Prepaid expenses and other current assets	$	838,046	$	26,735	$	1,867,966	$	85,834
Forward contract	Other current liabilities	$	574,300	$	1,557	$	—	$	—
Foreign currency debt	Long-term debt	€	475,000	$	514,473	€	475,000	$	494,285

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The tables below presents gains and losses related to designated net investment hedges:

	Gain (Loss) Recognized in AOCL before Reclassifications				Gain Recognized in Interest Expense for Excluded Components
(in thousands)	2025		2024		2025		2024
Three Months Ended March 31,
Net investment hedges:
Forward contracts	$	(43,081)	$	13,262	$	5,759	$	4,369
Foreign currency debt	(20,188)		17,080		—		—
Total	$	(63,269)	$	30,342	$	5,759	$	4,369

Schedule of Supplier Finance Program

(in thousands)	March 31, 2025
Obligations outstanding at the beginning of the period	$	3,341,333
Invoices confirmed during the year	1,033,405
Confirmed invoices paid during the year	(1,102,527)
Confirmed obligations outstanding at the end of the period	$	3,272,211

Schedule of Earnings per Share, Basic and Diluted

The following table summarizes basic and diluted shares outstanding:

	Three Months Ended March 31,
(in thousands, except per share data)	2025		2024
Net income	$	194,392	$	248,894
Weighted average common shares outstanding	138,783		139,429
Dilutive effect of stock options and non-vested restricted stock awards	417		667
Weighted average common shares outstanding – assuming dilution	139,200		140,096
Basic earnings per share	$	1.40	$	1.79
Diluted earnings per share	$	1.40	$	1.78