v3.26.3
Debt
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Debt Debt
Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands):
September 30,
2026		December 31,
2025		September 30,
2025
Unsecured commercial paper$470,420 $497,776 $684,741 
Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): 
September 30,
2026		December 31,
2025		September 30,
2025
Secured debt:
Asset-backed Canadian commercial paper conduit facility$— $— $49,642 
Asset-backed U.S. commercial paper conduit facility242,575 — 399,502 
Asset-backed securitization debt— — 63,107 
Unamortized discounts and debt issuance costs— — (472)
242,575 — 511,779 
September 30,
2026		December 31,
2025		September 30,
2025
Unsecured notes (at par value):
Medium-term notes:
Due in 2026, issued April 2023(a)
6.36 %— 821,814 821,583 
Due in 2027, issued February 20223.05 %500,000 500,000 500,000 
Due in 2028, issued March 20236.50 %— — 700,000 
Due in 2029, issued June 20245.95 %144,903 144,903 500,000 
Due in 2030, issued March 2025(b)
5.61 %692,173 716,152 715,951 
Unamortized discounts and debt issuance costs(8,010)(10,906)(17,741)
1,329,066 2,171,963 3,219,793 
Term loan:
Due in 2027, issued July 2025— — 450,000 
Unamortized debt issuance costs
— — (1,739)
— — 448,261 
Senior notes:
Due in 2045, issued July 20154.625 %300,000 300,000 300,000 
Unamortized discounts and debt issuance costs(2,626)(2,722)(2,753)
297,374 297,278 297,247 
1,626,440 2,469,241 3,965,301 
Long-term debt1,869,015 2,469,241 4,477,080 
Current portion of long-term debt, net(543,740)(819,629)(1,329,244)
Long-term debt, net$1,325,275 $1,649,612 $3,147,836 

(a)€700.0 million par value remeasured to U.S. dollar at December 31, 2025 and September 30, 2025, respectively
(b)€610.0 million par value remeasured to U.S. dollar at September 30, 2026, December 31, 2025, and September 30, 2025, respectively

Future principal payments of the Company's debt obligations as of September 30, 2026 were as follows (in thousands):
2026$478,795 
2027536,499 
202841,822 
2029192,824 
2030750,043 
Thereafter350,088 
Future principal payments2,350,071 
Unamortized discounts and debt issuance costs(10,636)
$2,339,435