| Schedule of Short-Term Debt |
Short-term debt consisted of the following: | | | | | | | | | | | | | | September 27, 2026 | | December 31, 2025 | | | Short-term foreign bank borrowings against lines of credit | $ | 166,896 | | $ | 218,546 | | | U.S. commercial paper | 269,116 | | — | | | Total short-term debt | $ | 436,012 | | $ | 218,546 | | | Weighted average interest rate on outstanding commercial paper | 4.0 | % | | — | % | | | | | | |
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| Schedule of Long-term Debt Instruments |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | | | | | | | Debt Type and Rate | | Maturity Date | | September 27, 2026 | | December 31, 2025 | 2.300% Notes (1) | | August 15, 2026 | | — | | | 500,000 | | 7.200% Debentures | | August 15, 2027 | | 193,639 | | | 193,639 | | 4.550% Notes | | February 24, 2028 | | 500,000 | | | 500,000 | | 4.250% Notes | | May 4, 2028 | | 350,000 | | | 350,000 | | 2.450% Notes | | November 15, 2029 | | 300,000 | | | 300,000 | | 4.750% Notes | | February 24, 2030 | | 500,000 | | | 500,000 | | 1.700% Notes | | June 1, 2030 | | 350,000 | | | 350,000 | | 4.950% Notes | | February 24, 2032 | | 500,000 | | | 500,000 | | 4.500% Notes | | May 4, 2033 | | 400,000 | | | 400,000 | | 5.100% Notes | | February 24, 2035 | | 500,000 | | | 500,000 | | 3.375% Notes | | August 15, 2046 | | 300,000 | | | 300,000 | | 3.125% Notes | | November 15, 2049 | | 400,000 | | 400,000 | 2.650% Notes | | June 1, 2050 | | 350,000 | | 350,000 | Finance lease obligations (see Note 7) | | | | 75,646 | | 73,510 | | Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts | | | | (28,808) | | (32,628) | | Total long-term debt | | | | 4,690,477 | | | 5,184,521 | | | Less—current portion | | | | 197,843 | | 503,327 | | Long-term portion | | | | $ | 4,492,634 | | | $ | 4,681,194 | |
(1) In August 2026, we repaid $500,000 of 2.300% Notes due upon their maturity.
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| Schedule of Net Interest Expense |
Net interest expense consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 27, 2026 | | September 28, 2025 | | September 27, 2026 | | September 28, 2025 | | Interest expense | | $ | 56,060 | | | $ | 61,456 | | | $ | 170,749 | | | $ | 176,817 | | | Capitalized interest | | (2,870) | | | (2,257) | | | (7,055) | | | (9,732) | | Interest expense | | 53,190 | | | 59,199 | | | 163,694 | | | 167,085 | | | Interest income | | (4,515) | | | (7,725) | | | (15,238) | | | (24,954) | | Interest expense, net | | $ | 48,675 | | | $ | 51,474 | | | $ | 148,456 | | | $ | 142,131 | |
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