| Long-Term Debt |
The following table presents the Company’s long-term debt at June 30, 2026 and December 31, 2025: | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | Revolving Credit Agreement, bearing interest ranging from 3.44% to 4.52% (a) | | $ | 2,274,994 | | $ | 2,381,646 | 4.25% Senior Notes due 2028 | | | 500,000 | | | 500,000 | 3.50% Senior Notes due 2029 | | | 500,000 | | | 500,000 | 4.50% Senior Notes due 2029 | | | 351,850 | | | 364,800 | 2.60% Senior Notes due 2030 | | | 600,000 | | | 600,000 | 2.20% Senior Notes due 2032 | | | 650,000 | | | 650,000 | 3.20% Senior Notes due 2032 | | | 500,000 | | | 500,000 | 4.20% Senior Notes due 2033 | | | 750,000 | | | 750,000 | 5.00% Senior Notes due 2034 | | | 750,000 | | | 750,000 | 5.25% Senior Notes due 2035 | | | 500,000 | | | 500,000 | 4.80% Senior Notes due 2036 | | | 600,000 | | | — | 3.05% Senior Notes due 2050 | | | 500,000 | | | 500,000 | 2.95% Senior Notes due 2052 | | | 850,000 | | | 850,000 | Notes payable to sellers and other third parties, bearing interest ranging from 2.42% to 10.35%, principal and interest payments due periodically with due dates ranging from 2028 to 2044 (a) | | | 22,566 | | | 26,420 | Finance leases, bearing interest ranging from 1.89% to 5.35%, with lease expiration dates ranging from 2026 to 2035 (a) | | | 14,874 | | | 15,973 | | | | 9,364,284 | | | 8,888,839 | Less – current portion | | | (8,094) | | | (8,667) | Less – unamortized debt discount and issuance costs | | | (72,380) | | | (69,068) | Long-term portion of debt and notes payable | | $ | 9,283,810 | | $ | 8,811,104 |
| (a) | Interest rates represent the interest rates at June 30, 2026. |
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| Details of the Company's Credit Agreement |
| | | | | | | | | | June 30, | | December 31, | | | | 2026 | | 2025 | | Revolver | | | | | | | | Available | | $ | 687,303 | | $ | 581,059 | | Letters of credit outstanding | | $ | 37,703 | | $ | 37,295 | | Total amount drawn, as follows: | | $ | 2,274,994 | | $ | 2,381,646 | | Amount drawn – U.S. term SOFR loan | | $ | 745,000 | | $ | 965,000 | | Interest rate applicable – U.S. term SOFR loan | | | 4.50 | % | | 4.75 | % | Amount drawn – U.S. term SOFR loan | | $ | 390,000 | | $ | 150,000 | | Interest rate applicable – U.S. term SOFR loan | | | 4.52 | % | | 4.59 | % | Amount drawn – U.S. base rate loan | | $ | — | | $ | 38,000 | | Interest rate applicable – U.S. base rate loan | | | — | % | | 6.75 | % | Amount drawn – Canadian term CORRA loan | | $ | 1,125,920 | | $ | 1,163,712 | | Interest rate applicable - Canadian term CORRA loan | | | 3.44 | % | | 3.41 | % | Amount drawn – Canadian term CORRA loan | | $ | 14,074 | | $ | 51,072 | | Interest rate applicable - Canadian term CORRA loan | | | 3.45 | % | | 3.44 | % | Amount drawn – Canadian prime rate loan | | $ | — | | $ | 13,862 | | Interest rate applicable - Canadian prime rate loan | | | — | % | | 4.45 | % | Commitment – rate applicable | | | 0.08 | % | | 0.08 | % |
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