Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT (Tables)

v3.25.4
DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Outstanding
Debt outstanding at December 31, 2025 and 2024 was as follows:
  December 31,
  2025 2024
  (In millions)
Commercial paper (“CP”) $ 762.0  $ 286.5 
Notes, 2.60%, due December 2025
 —  400.0 
Notes, 3.25%, due June 2026
 275.0  275.0 
Notes, 5.10%, due December 2027
 750.0  750.0 
Notes, 5.10%, due June 2028
 700.0  700.0 
Debentures, 6.90%, due July 2028
 125.0  125.0 
Notes, 4.80%, due September 2029
 650.0  650.0 
Notes, 3.10%, due May 2030
 600.0  600.0 
Notes, 2.35%, due September 2031
 1,000.0  1,000.0 
Notes, 7.00%, due July 2037
 250.0  250.0 
Other 2.2  1.2 
Total debt 5,114.2  5,037.7 
Less short-term debt and current maturities (1,038.0) (687.7)
Less unamortized discounts and debt issuance costs (20.9) (27.2)
Total long-term debt, net $ 4,055.3  $ 4,322.8 
Scheduled Future Maturities of Debt
Scheduled future maturities of debt at December 31, 2025 are as follows:
Years ending December 31, Amount
  (In millions)
2026 $ 1,038.0 
2027 750.3 
2028 825.3 
2029 650.3 
2030 600.3 
Thereafter 1,250.0 
Total debt $ 5,114.2