
	March 31,		December 31,
	2026		2025

1.625% notes due 2028	$	576,350	$	588,600

3.45% Senior notes due 2029	109,240		171,612

4.65% Senior notes due 2027	—		650,000
5.05% Senior notes due 2032	415,726		600,000
5.45% Senior notes due 2044	200,966		350,000
5.65% Senior notes due 2052	195,680		450,000




Interest-free loan	300,000		300,000
Variable-rate foreign bank loans	17,528		17,892

Finance lease obligations	105,823		106,796
Other	10,500		20,500
Unamortized discount and debt issuance costs	(49,982)		(61,859)
Total long-term debt	1,881,831		3,193,541
Less amounts due within one year	74,628		74,077
Long-term debt, less current portion	$	1,807,203	$	3,119,464

In the three-month period ended March 31, 2026, using proceeds from the sale of our Refining Solutions business and cash on hand, we redeemed the 4.65% Senior notes in full, and repurchased $62.4 million of the 3.45% Senior notes, $184.3 million of the 5.05% Senior notes, $149.0 million of the 5.45% Senior notes, and $254.3 million of the 5.65% Senior notes. As a result, included in Interest and financing expenses for the three-month period ended March 31, 2026 is a gain on early extinguishment of debt of $12.6 million, representing the repurchase of these notes at a discount, partially offset by tender premiums and redemption fees.

We are party to master receivables purchase agreements, under which we may sell available and eligible outstanding customer accounts receivable generated by sales to certain customers of up to approximately $247 million at any one time. The agreements are uncommitted and can be terminated by us or the purchaser upon notice in accordance with the terms of the

agreements. Transactions under these agreements are accounted for as sales of accounts receivable, and the receivables sold are removed from the consolidated balance sheets as of the effective time of the sales transaction. During the three-month period ended March 31, 2026, the Company sold and removed approximately $235.3 million of accounts receivable under the master receivables purchase agreements. The Company incurred approximately $1.6 million of fees associated with the master receivables purchase agreements during the three-month period ended March 31, 2026. Costs associated with the sales of receivables are reflected in the consolidated statements of income for the period in which the sales occur.