
	June 30, 2026		June 30, 2025		Dec. 31, 2025
	(Dollars in thousands)
Bank debt
Bank revolving loans	$	1,075,902	$	1,361,887	$	—
U.S. term loans	799,000		850,000		841,500

Euro term loans	1,018,681		1,056,421		1,046,390
Other foreign bank revolving and term loans	60,921		67,224		46,165
Total bank debt	2,954,504		3,335,532		1,934,055




4⅛% Senior Notes	600,000		600,000		600,000
2¼% Senior Notes	571,650		586,900		587,200
4¼% Senior Notes	685,980		—		704,640
1.4% Senior Secured Notes	—		500,000		500,000
Finance leases	36,821		40,943		38,783
Total debt - principal	4,848,955		5,063,375		4,364,678
Less unamortized debt issuance costs and debt discount	15,201		11,298		17,830
Total debt	4,833,754		5,052,077		4,346,848
Less current portion	1,178,197		1,937,384		631,632
	$	3,655,557	$	3,114,693	$	3,715,216

At June 30, 2026, the current portion of long-term debt consisted of $590.0 million of U.S. revolving loans, $485.9 million of Euro revolving loans and $51.4 million of Euro term loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $47.5 million of other foreign bank revolving and term loans and $3.4 million of finance leases.

On March 6, 2026, we entered into the Sixth Amendment to Amended and Restated Credit Agreement, or the Sixth Amendment, with the lenders party to the Credit Agreement and Wells Fargo Bank, National Association, as administrative agent. The Sixth Amendment amended the Credit Agreement to improve the interest rate margin grid for term loans and eliminate the credit spread adjustments effective March 6, 2026 for Term SOFR Loans, Daily Simple RFR Loans and Term CORRA Loans (each as defined in the Credit Agreement). In accordance with the Credit Agreement, the applicable margin for term loans is reset quarterly using the interest rate margin grid for term loans based on our Total Net Leverage Ratio (as defined in the Credit Agreement), and the range for the applicable margin for term loans is 0.00 percent to 0.50 percent for Base Rate Loans and 1.00 percent to 1.50 percent for Eurocurrency Rate Loans and RFR Loans (each as defined in the Credit Agreement).

On March 31, 2026, we repaid all $500.0 million aggregate principal amount of our outstanding 1.4% Senior Secured Notes due 2026, or the 1.4% Notes, at 100 percent of their principal amount plus accrued and unpaid interest to the repayment date. We funded this repayment with revolving loan borrowings under the Credit Agreement and cash on hand. As a result of such redemption and satisfaction and discharge of the indenture for the 1.4% Notes (including the discharge of the guarantees therein of the 1.4% Notes by our U.S. subsidiaries that also guarantee our obligations under the Credit Agreement), the guarantees of the 4⅛% Senior Notes, the 2¼% Senior Notes and the 4¼% Senior Notes by our U.S. subsidiaries that also guarantee our obligations under the Credit Agreement were automatically released and discharged on March 31, 2026.