v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-Term Debt

The Company's debt, net of unamortized discounts, premiums, and debt issuance costs totaling $26.5 million and $28.0 million at March 31, 2026 and December 31, 2025, respectively, consists of the following.

 

In thousands

 

March 31, 2026

 

 

December 31, 2025

 

2.268% Senior Notes due 2026 (1)

 

$

799,003

 

 

$

798,609

 

4.375% Senior Notes due 2028

 

 

997,357

 

 

 

997,005

 

5.75% Senior Notes due 2031

 

 

1,489,467

 

 

 

1,488,995

 

2.875% Senior Notes due 2032

 

 

794,725

 

 

 

794,525

 

4.9% Senior Notes due 2044

 

 

692,972

 

 

 

692,912

 

Note Payable

 

 

142,265

 

 

 

—

 

Total debt

 

$

4,915,789

 

 

$

4,772,046

 

Less: Current portion of long-term debt

 

 

799,003

 

 

 

798,609

 

Long-term debt, net of current portion

 

$

4,116,786

 

 

$

3,973,437

 

 

 

(1) The Company’s 2026 Notes, which have a face value of $800 million at March 31, 2026, are scheduled to mature on November 15, 2026 and, accordingly, are included as a current liability in the caption “Current portion of long-term debt” in the condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025.
Summary of Maturity Dates, Semi-Annual Interest Payment Dates, and Optional Redemption Periods of Outstanding Senior Note Obligations

The following table summarizes the face values, maturity dates, semi-annual interest payment dates, and optional redemption periods related to the Company’s outstanding senior note obligations at March 31, 2026.

 

 

2026 Notes

 

 

2028 Notes

 

 

2031 Notes

 

 

2032 Notes

 

 

2044 Notes

 

Face value (in thousands)

 

$

800,000

 

 

$

1,000,000

 

 

$

1,500,000

 

 

$

800,000

 

 

$

700,000

 

Maturity date

 

November 15, 2026

 

 

January 15, 2028

 

 

January 15, 2031

 

 

April 1, 2032

 

 

June 1, 2044

 

Interest payment dates

 

May 15, Nov 15

 

 

Jan 15, July 15

 

 

Jan 15, Jul 15

 

 

April 1, Oct 1

 

 

June 1, Dec 1

 

Make-whole redemption period (1)

 

Nov 15, 2023

 

 

Oct 15, 2027

 

 

Jul 15, 2030

 

 

January 1. 2032

 

 

Dec 1, 2043

 

 

(1)
At any time prior to the indicated dates, the Company has the option to redeem all or a portion of its senior notes of the applicable series at the “make-whole” redemption amounts specified in the respective senior note indentures plus any accrued and unpaid interest to the date of redemption. On or after the indicated dates, the Company may redeem all or a portion of its senior notes at a redemption amount equal to 100% of the principal amount of the senior notes being redeemed plus any accrued and unpaid interest to the date of redemption.