XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Debt consist of the following (in thousands):
|  | Interest Rate (1) |  | Maturities Through |  | Quarter Ended June 30, 2021 |  | Year Ended December 31, 2020
Fixed rate debt: |  |  |  |  |  |  |  |
Unsecured senior notes |  | 3.70% to 9.13% |  | 2022 - 2028 |  | $ | 4,610,341 |  |  | $ | 2,464,994 |
Secured senior notes |  | 10.88% to 11.50% |  | 2023 - 2025 |  | 3,252,702 |  |  | 3,895,166 |
Unsecured term loans |  | 2.53% to 5.41% |  | 2021 - 2033 |  | 3,017,735 |  |  | 3,210,161 |
Convertible notes |  | 2.88% to 4.25% |  | 2023 |  | 1,506,634 |  |  | 1,454,488 |
Total fixed rate debt |  |  |  |  |  | 12,387,412 |  |  | 11,024,809 |
Variable rate debt: |  |  |  |  |  |  |  |
Unsecured revolving credit facilities (2) |  | 1.38% to 1.78% |  | 2022 - 2024 |  | 2,999,342 |  |  | 3,289,000 |
Unsecured UK Commercial paper |  | — |  | 2021 |  | — |  |  | 409,319 |
USD unsecured term loan |  | 0.59% to 3.33% |  | 2021 - 2033 |  | 4,887,153 |  |  | 4,002,249 |
Euro unsecured term loan |  | 1.15% to 2.25% |  | 2021 - 2028 |  | 714,782 |  |  | 705,064 |
Total variable rate debt |  |  |  |  |  | 8,601,277 |  |  | 8,405,632 |
Finance lease liabilities |  |  |  |  |  | 427,755 |  |  | 213,365 |
Total debt (3) |  |  |  |  |  | 21,416,444 |  |  | 19,643,806 |
Less: unamortized debt issuance costs |  |  |  |  |  | (367,028) |  |  | (314,763) |
Total debt, net of unamortized debt issuance costs |  |  |  |  |  | 21,049,416 |  |  | 19,329,043 |
Less—current portion including commercial paper |  |  |  |  |  | (970,627) |  |  | (1,371,087) |
Long-term portion |  |  |  |  |  | $ | 20,078,789 |  |  | $ | 17,957,956 |
(1) Interest rates based on outstanding loan balance as of June 30, 2021 and, for variable rate debt, include either LIBOR or EURIBOR plus the applicable margin. (2) Includes $1.9 billion facility and $1.3 billion facility, the vast majority of which is due in 2024. Our $1.9 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.30%, which interest was 1.45% as of June 30, 2021 and is subject to a facility fee of a maximum of 0.20%. Our $1.3 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.70%, which interest was 1.85% as of June 30, 2021 and is subject to a facility fee of a maximum of 0.30%. (3) At June 30, 2021 and December 31, 2020, the weighted average interest rate for total debt was 5.98% and 6.02%, respectively.
Schedule of Maturities of Long-term Debt | The following is a schedule of annual maturities on our total debt net of debt issuance costs, and including finance leases, as of June 30, 2021 for each of the next five years (in thousands):
Year |
Remainder of 2021 | $ | 252,306 |
2022 | 2,216,489 |
2023 | 5,314,547 |
2024 | 4,090,590 |
2025 | 3,179,162 |
Thereafter | 5,996,322 |
| $ | 21,049,416 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration