Debt as of June 30, 2026 and December 31, 2025 is summarized as follows. | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Short-term borrowings | $ | — | | | $ | — | | | Long-term debt: | | | | | | | | | | | | | | | | | | | | 5.197% Senior Notes, due June 2027(1)(2) | $ | 700.0 | | | $ | 700.0 | | 5.400% Senior Notes, due August 2028(1) | 499.2 | | | 499.0 | | 5.176% Senior Notes, due June 2029(1) | 750.0 | | | 750.0 | | 5.314% Senior Notes, due June 2031(1) | 500.0 | | | 500.0 | | 5.700% Senior Notes, due August 2033(1) | 994.5 | | | 994.1 | | 5.450% Senior Notes, due June 2034(1) | 749.6 | | | 749.6 | | 5.700% Senior Notes, due June 2054(1) | 597.7 | | | 597.7 | | | Finance leases and other long-term debt | 12.0 | | | 13.2 | | | Swap valuation adjustments | 0.1 | | | 19.8 | | | Unamortized debt issuance costs | (34.6) | | | (38.7) | | | Total long-term debt, net, including current maturities | 4,768.5 | | | 4,784.7 | | Current maturities of long-term debt(2) | 699.8 | | | 1.4 | | | Total long-term debt, net | $ | 4,068.7 | | | $ | 4,783.3 | |
(1)This amount is net of unamortized discounts. Total unamortized discounts aggregated to $9.0 million and $9.7 million as of June 30, 2026 and December 31, 2025, respectively. (2)The 5.197% Senior Notes, due June 2027, were reclassified to “Short-term borrowings and current maturities of long-term debt” in our Condensed Consolidated Balance Sheet as of June 30, 2026.
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