Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s total outstanding borrowings are summarized in the table below (in thousands).

	March 31,		December 31,
Description	2026		2025
2024 Credit Agreement - Revolving credit facility (1)	$	—	$	—
4.50% Senior Notes due 2028 (“2028 Notes”)	800,000		800,000
3.63% Senior Notes due 2029 (“2029 Notes”)	600,000		600,000
3.75% Senior Notes due 2030 (“2030 Notes”)	800,000		800,000
4.95% Senior Notes due 2031 (“2031 Notes”)	350,000		350,000
5.60% Senior Notes due 2035 (“2035 Notes”)	450,000		450,000
Other (2)	5,000		5,000
Principal amount outstanding (3)	3,005,000		3,005,000
Less: Deferred financing fees and unamortized discounts (4)	(22,029)		(23,326)
Net balance sheet carrying amount	$	2,982,971	$	2,981,674

(1)The Company had approximately $1.0 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of March 31, 2026.

(2)Consists of a State of Connecticut economic development loan originated in 2019 with a 10-year maturity and bears interest at a fixed rate of 1.75%. The Company repaid the loan in April 2026.

(3)The weighted average annual effective rate on the Company’s outstanding debt for the three months ended March 31, 2026, was 4.34%.

(4)Deferred financing fees and unamortized discounts are being amortized to Interest expense, net over the term of the related debt obligation.