Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt

Schedule of short-term borrowings, including current portion of long-term debt

(thousands)	2025		2024
4.00% notes, due April 2025	$	—	$	349,808
Other short-term borrowings		341		170
	$	341	$	349,978

Schedule of long-term debt

(thousands)	2025		2024
Revolving credit facility	$	—	$	30,000
North American asset securitization program		970,000		633,000
7.50% senior debentures, due 2027		110,348		110,266
3.875% notes, due 2028		498,480		497,775
5.15% notes, due 2029		496,142		495,209
2.95% notes, due 2032		496,131		495,576
5.875% notes, due 2034		495,430		494,986
Other obligations with various interest rates and due dates		18,184		16,971
	$	3,084,715	$	2,773,783

Schedule of estimated fair market value of long-term debt, using quoted market prices

(thousands)	2025		2024
7.50% senior debentures, due 2027	$	114,000	$	115,000
3.875% notes, due 2028		496,500		481,500
5.15% notes, due 2029		511,500		498,000
2.95% notes, due 2032		447,500		426,000
5.875% notes, due 2034		522,500		502,500

Schedule of expected annual payments of borrowings

Expected annual payments of borrowings at December 31 are as follows:

(thousands)
2026	$	341
2027		1,087,775
2028		506,133
2029		503,488
2030		1,221
Thereafter		1,000,000