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Fair Value Measurements and Derivative Instruments - Estimated Fair Value (Details) - Nonrecurring - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Level 1 |  |  |
Assets: |  |  |
Cash and cash equivalents | [1],[2] | $ 3,890,811 | $ 243,738
Total Assets | [2] | 3,890,811 | 243,738
Liabilities: |  |  |
Long-term debt (including current portion of long-term debt) | [2],[3] | 0 | 0
Total Liabilities | [2] | 0 | 0
Level 2 |  |  |
Assets: |  |  |
Cash and cash equivalents | [1],[4] | 0 | 0
Total Assets | [4] | 0 | 0
Liabilities: |  |  |
Long-term debt (including current portion of long-term debt) | [3],[4] | 15,635,346 | 10,059,055
Total Liabilities | [4] | 15,635,346 | 10,059,055
Level 3 |  |  |
Assets: |  |  |
Cash and cash equivalents | [1],[5] | 0 | 0
Total Assets | [5] | 0 | 0
Liabilities: |  |  |
Long-term debt (including current portion of long-term debt) | [3],[5] | 0 | 0
Total Liabilities | [5] | 0 | 0
Total Carrying Amount |  |  |
Assets: |  |  |
Cash and cash equivalents | [1] | 3,890,811 | 243,738
Total Assets |  | 3,890,811 | 243,738
Liabilities: |  |  |
Long-term debt (including current portion of long-term debt) | [3] | 15,458,844 | 9,370,438
Total Liabilities |  | 15,458,844 | 9,370,438
Total Fair Value |  |  |
Assets: |  |  |
Cash and cash equivalents | [1] | 3,890,811 | 243,738
Total Assets |  | 3,890,811 | 243,738
Liabilities: |  |  |
Long-term debt (including current portion of long-term debt) | [3] | 15,635,346 | 10,059,055
Total Liabilities |  | $ 15,635,346 | $ 10,059,055
[1] | Consists of cash and marketable securities with original maturities of less than 90 days.
[2] | Inputs based on quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Valuation of these items does not entail a significant amount of judgment.
[3] | Consists of unsecured revolving credit facilities, senior notes, senior debentures and term loans. These amounts do not include our capital lease obligations or commercial paper.
[4] | Inputs other than quoted prices included within Level 1 that are observable for the liability, either directly or indirectly. For unsecured revolving credit facilities and unsecured term loans, fair value is determined utilizing the income valuation approach. This valuation model takes into account the contract terms of our debt such as the debt maturity and the interest rate on the debt. The valuation model also takes into account the creditworthiness of the Company.
[5] | Inputs that are unobservable. The Company did not use any Level 3 inputs as of March 31, 2020 and December 31, 2019.

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- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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