| Schedule of Long-term Debt |
Borrowings consist of the following: | | | | | | | | | | | | | | | | | | | | | Carrying amount (1) | | Principal | | September 30, 2026 | | December 31, 2025 | | Long-term | | | | | | | | | | | | 1.25% 10-year notes due November 9, 2026 (euro-denominated) | € | 600,000 | | | 683,403 | | | 706,677 | | 0.750% 8-year notes due November 4, 2027 (euro-denominated) | € | 500,000 | | | 568,628 | | | 588,082 | | 6.65% 30-year debentures due June 1, 2028 | $ | 200,000 | | | 199,833 | | | 199,757 | | 2.950% 10-year notes due November 4, 2029 | $ | 300,000 | | | 298,829 | | | 298,544 | | 3.50% 8-year notes due November 12, 2033 (euro-denominated) | € | 550,000 | | | 621,432 | | | 642,927 | | 5.375% 30-year debentures due October 15, 2035 | $ | 300,000 | | | 297,744 | | | 297,557 | | 6.60% 30-year notes due March 15, 2038 | $ | 250,000 | | | 248,703 | | | 248,618 | | 5.375% 30-year notes due March 1, 2041 | $ | 350,000 | | | 346,018 | | | 345,810 | | | | | | | | | Total long-term debt | | | 3,264,590 | | | 3,327,972 | | | Less long-term debt current portion | | | (683,403) | | | (706,677) | | Net long-term debt | | | $ | 2,581,187 | | | $ | 2,621,295 | |
(1) Carrying amount is net of unamortized debt discount and deferred debt issuance costs. Total unamortized debt discounts on total long-term debt were $7.0 million and $8.6 million as of September 30, 2026 and December 31, 2025, respectively. Total deferred debt issuance costs on total long-term debt were $8.1 million and $9.7 million as of September 30, 2026 and December 31, 2025, respectively.
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