Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:

(in thousands)	2025		2024
Deferred tax assets related to:
Expenses not yet deducted for tax purposes	$	416,375	$	344,858
Operating lease liabilities	467,765		622,732
Pension liability not yet deducted for tax purposes	—		201,971
Employee and retiree benefits	58,591		—
Net operating loss	95,273		59,154
	1,038,004		1,228,715
Deferred tax liabilities related to:
Employee and retiree benefits	—		257,640
Inventory	68,930		67,437
Operating lease assets	489,096		635,041
Other intangible assets	513,773		495,227
Property, plant and equipment	129,986		135,073
Other	177,344		52,330
	1,379,129		1,642,748
Net deferred tax liability before valuation allowance	(341,125)		(414,033)
Valuation allowance	(28,092)		(25,758)
Total net deferred tax liability	$	(369,217)	$	(439,791)

Schedule of Components of Income before Income Taxes

The components of income before income taxes are as follows:

(in thousands)	2025		2024		2023
United States	$	(248,918)	$	761,230	$	1,164,914
Foreign	301,086		414,738		577,434
Income before income taxes	$	52,168	$	1,175,968	$	1,742,348

Schedule of Components of Income Tax Expense

The components of income tax expense are as follows:

(in thousands)	2025		2024		2023
Current:
Federal	$	81,244	$	129,542	$	201,929
State	36,534		41,344		51,244
Foreign	125,396		123,048		130,538
Deferred:
Federal	(165,112)		(3,774)		26,166
State	(58,834)		(1,477)		10,241
Foreign	(33,005)		(16,791)		5,706
	$	(13,777)	$	271,892	$	425,824

Schedule of Difference Between Total Tax Expense and Amount Computed by Applying Statutory Federal Income Tax Rate

The reasons for the difference between total tax expense and the amount computed by applying the statutory Federal income tax rate to income before income taxes are as follows:

	2025				2024				2023
(in thousands)	Amount		Percent		Amount		Percent		Amount		Percent
Pre-Tax Book Income	$	52,168			$	1,175,968			$	1,742,348
U.S. Federal Statutory Tax Rate	$	10,955	21.00	%	$	246,953	21.00	%	$	365,893	21.00	%
State and Local Income Taxes, Net of Federal Income Tax Effect (1)(2)(3)	(17,618)		(33.77)	%	31,495		2.68	%	48,573		2.79	%
Foreign Tax Effects:
Australia	7,001		13.42	%	9,023		0.77	%	12,585		0.72	%
Canada	6,417		12.30	%	8,933		0.76	%	13,304		0.76	%
United Kingdom	—		—	%	3,767		0.32	%	1,592		0.09	%
Other Foreign Jurisdictions	(14,492)		(27.78)	%	(15,162)		(1.30)	%	(6,372)		(0.36)	%
Tax Credits	(15,568)		(29.84)	%	—		—	%	—		—	%
Other Adjustments	9,528		18.26	%	(13,117)		(1.11)	%	(9,751)		(0.56)	%
Effective Tax Rate	$	(13,777)	(26.41)	%	$	271,892	23.12	%	$	425,824	24.44	%

(1)State Taxes in the following states make up more than 50% of the tax effect in this category for 2025: Alabama, California, Florida, Illinois, Louisiana, Minnesota, New York, and Texas.

(2)State Taxes in the following states make up more than 50% of the tax effect in this category for 2024: Alabama, California, Florida, Illinois, Louisiana, Minnesota, New York, Pennsylvania and Wisconsin

(3)State Taxes in the following states make up more than 50% of the tax effect in this category for 2023: California, Florida, Illinois, Indiana, Michigan, Minnesota, New Jersey, New York, Pennsylvania and Wisconsin.

The components of income taxes paid globally are as follows:

(in thousands)	2025		2024		2023
Federal Taxes Paid	$	43,364	$	88,744	$	190,305
State Taxes Paid	40,832		36,789		63,724
Foreign Taxes Paid	136,867		139,092		112,241
Australia	49,874		33,749		31,473
Canada	33,858		44,340		35,181
United Kingdom	22,618		15,489		17,347
Other Foreign Jurisdictions	30,517		45,514		28,240
Total Income Taxes Paid (Net of Refunds Received)	$	221,063	$	264,625	$	366,270

Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

(in thousands)	2025		2024		2023
Balance at beginning of year	$	36,190	$	20,527	$	19,621
Additions based on tax positions related to the current year	19,369		15,493		2,584
Additions for tax positions of prior years	9,957		3,462		1,752
Reductions for tax positions for prior years	(327)		(542)		(70)
Reduction for lapse in statute of limitations	(1,244)		(2,203)		(2,713)
Settlements	(8,423)		(547)		(647)
Balance at end of year	$	55,522	$	36,190	$	20,527