Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Debt Instruments

Details of the Company's debt at December 31 were as follows:

	2021		2020
Commercial paper, average rate of 0.16% in 2021 and 0.75% in 2020	$	349,000	$	—
1.00% Euro loan due May 2021	—		183,662
9.2% debentures due August 2021	—		4,320
4.375% debentures due November 2021	—		249,741
3.125% debentures due May 2030	595,342		594,687
5.75% debentures due November 2040	536,182		599,279
Other foreign denominated debt, average rate of 3.0% in 2021 and 2.2% in 2020	55,432		15,522
Finance lease obligations	60,282		37,943
Other notes	14,424		15,070
Total debt	$	1,610,662	$	1,700,224
Less current portion and short-term notes	411,557		455,784
Long-term debt	$	1,199,106	$	1,244,440

On January 21, 2022, the Company completed a registered public offering of unsecured notes (the "Notes") with an aggregate principal amount of $1,200,000. The Notes consisted of the following:

	Principal Amount		Interest Rate	Maturity
2025 Notes	$	400,000	1.800%	February 1, 2025
2027 Notes	300,000		2.250%	February 1, 2027
2032 Notes	500,000		2.850%	February 1, 2032
Total	$	1,200,000