Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt

Schedule of short-term borrowings, including current portion of long-term debt

	September 30,		December 31,
(thousands)	2023		2022
4.50% notes, due March 2023	$	—	$	299,895
3.25% notes, due September 2024		498,944		—
Uncommitted lines of credit		50,000		78,000
Commercial paper		903,223		173,407
Other short-term borrowings		136,495		38,581
	$	1,588,662	$	589,883

Schedule of long-term debt

	September 30,		December 31,
(thousands)	2023		2022
Revolving Credit Facility	$	54,000	$	—
North American asset securitization program		605,000		1,235,000
3.25% notes, due 2024		—		498,122
4.00% notes, due 2025		348,879		348,344
6.125% notes, due 2026		496,304		—
7.50% senior debentures, due 2027		110,164		110,103
3.875% notes, due 2028		496,933		496,448
2.95% notes, due 2032		494,908		494,522
Other obligations with various interest rates and due dates		8,813		425
	$	2,615,001	$	3,182,964

Schedule of estimated fair market value of long-term debt, using quoted market prices

	September 30,		December 31,
(thousands)	2023		2022
3.25% notes, due 2024	$	—	$	481,500
4.00% notes, due 2025		339,000		338,000
6.125% notes, due 2026		498,000		—
7.50% senior debentures, due 2027		114,000		116,500
3.875% notes, due 2028		457,000		456,000
2.95% notes, due 2032		390,500		395,500