Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Long-term debt consists of the following at December 31, 2025 and 2024:


	December 31, 2025
	Debt		Deferred financing costs		Debt, net of deferred financing costs
Senior Credit Facility	$	698,332	$	9,691	$	688,641
Accounts Receivable Securitization Program	250,000		396		249,604
3 3/4% Senior Notes	600,000		2,636		597,364
3 5/8% Senior Notes	550,000		4,624		545,376
4% Senior Notes	549,674		3,994		545,680
4 7/8% Senior Notes	400,000		2,405		397,595
5 3/8% Senior Notes	400,000		6,167		393,833
Other notes with various rates and terms	814		—		814
	3,448,820		29,913		3,418,907
Less current maturities	(250,440)		(396)		(250,044)
Long-term debt, excluding current maturities	$	3,198,380	$	29,517	$	3,168,863


	December 31, 2024
	Debt		Deferred financing costs		Debt, net of deferred financing costs
Senior Credit Facility	$	883,474	$	5,623	$	877,851
Accounts Receivable Securitization Program	250,000		611		249,389
3 3/4% Senior Notes	600,000		3,802		596,198
3 5/8% Senior Notes	550,000		5,440		544,560
4% Senior Notes	549,595		4,854		544,741
4 7/8% Senior Notes	400,000		3,107		396,893
Other notes with various rates and terms	1,232		—		1,232
	3,234,301		23,437		3,210,864
Less current maturities	(250,417)		(611)		(249,806)
Long-term debt, excluding current maturities	$	2,983,884	$	22,826	$	2,961,058

Summary of Long-Term Debt Contractual Maturities

Long-term debt contractual maturities are as follows:


	Debt		Deferred financing costs		Debt, net of deferred financing costs
2026	$	439	$	—	$	439
2027	250,346		396		249,950
2028	600,000		4,936		595,064
2029	400,000		2,405		397,595
2030	549,674		3,994		545,680
Thereafter	1,648,361		18,182		1,630,179

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

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