v3.25.1
Fair Value Measures (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair values of our assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 are shown in the below table.
 March 31,
2025		December 31,
2024
Assets
Cash equivalents (Level 1)$333,484 $243,640 
Foreign currency forward contracts (Level 2)6,544 19,110 
Commodity forward contracts (Level 2)3,803 1,486 
Total$343,831 $264,236 
Liabilities
Foreign currency forward contracts (Level 2)$19,714 $27,648 
Commodity forward contracts (Level 2)256 1,262 
Total$19,970 $28,910 
Schedule of Information about Carrying Values and Fair Values of Financial Instruments not Recorded at Fair Value
The following table presents the carrying values and fair values of financial instruments not recorded at fair value in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024. All fair value measures presented are categorized in Level 2 of the fair value hierarchy.
 March 31, 2025December 31, 2024
 
Carrying Value(1)
Fair Value
Carrying Value(1)
Fair Value
Liabilities
4.0% Senior Notes
$1,000,000 $915,000 $1,000,000 $915,000 
4.375% Senior Notes
$450,000 $412,875 $450,000 $410,625 
5.875% Senior Notes
$500,000 $483,750 $500,000 $485,000 
3.75% Senior Notes
$750,000 $652,500 $750,000 $652,500 
6.625% Senior Notes
$500,000 $495,625 $500,000 $497,500 
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(1)    Excluding any related debt discounts, premiums, and deferred financing costs.