v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Commercial Paper Borrowings Information with respect to our outstanding commercial paper borrowings is as follows:
(in thousands)March 31, 2026December 31, 2025
Outstanding borrowings (1)
$163,926 $114,430 
Weighted average annual interest rate4.12 %3.94 %
Weighted average remaining term4.9 days6.3 days
(1) Outstanding commercial paper borrowings are net of unamortized discount and are presented under the short-term debt caption of our condensed consolidated statements of financial position.
Schedule of Components of Long-term Debt
Components of long-term debt were as follows:
(in thousands)March 31, 2026December 31, 2025
2035 Senior Notes$500,000 $500,000 
Revolving Credit Facility— — 
Total long-term debt$500,000 $500,000 
Less: unamortized debt discount(6,931)(7,125)
Less: unamortized debt issuance costs(6,442)(6,728)
Total long-term debt, net$486,627 $486,147