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Debt (Schedule of Long-Term Debt) (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 | Dec. 31, 2021
Long-Term Debt |  |  |
Total debt | [1] | $ 23,822,314,000 | $ 21,453,872,000
Less: unamortized debt issuance costs |  | (431,123,000) | (363,532,000)
Total debt, net of unamortized debt issuance costs |  | 23,391,191,000 | 21,090,340,000
Less—current portion |  | (2,087,711,000) | (2,243,131,000)
Long-term portion |  | $ 21,303,480,000 | $ 18,847,209,000
Weighted average interest rate |  | 6.23% | 5.47%
Fixed rate debt: |  |  |
Long-Term Debt |  |  |
Long-term debt |  | $ 15,856,315,000 | $ 12,377,882,000
Unsecured senior notes |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 7,199,331,000 | 5,604,498,000
Secured senior notes |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 2,370,855,000 | 2,354,037,000
Unsecured term loans |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 4,561,129,000 | 2,860,567,000
Convertible notes |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 1,725,000,000 | 1,558,780,000
Total variable rate debt |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 7,614,667,000 | 8,603,715,000
Unsecured revolving credit facilities |  |  |
Long-Term Debt |  |  |
Long-term debt | [2] | 2,744,105,000 | 2,899,342,000
Maximum borrowing capacity |  | 3,000,000,000 |
Undrawn capacity |  | $ 300,000,000 |
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024, $1.9 billion |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) |  | 5.72% |
Maximum borrowing capacity |  | $ 1,900,000,000 |
Long term debt, facility fee (as a percent) |  | 0.20% |
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility due 2024, $1.3 billion |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) |  | 6.12% |
Maximum borrowing capacity |  | $ 1,100,000,000 |
USD unsecured term loans |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 4,335,973,000 | 5,018,740,000
Euro unsecured term loans |  |  |
Long-Term Debt |  |  |
Long-term debt |  | 534,589,000 | 685,633,000
Finance lease liabilities |  |  |
Long-Term Debt |  |  |
Long-term debt |  | $ 351,332,000 | $ 472,275,000
LIBOR | Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024, $1.9 billion |  |  |
Long-Term Debt |  |  |
Margin on floating rate base (as a percent) |  | 1.30% |
Minimum | Unsecured senior notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 3.70% |
Minimum | Secured senior notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 8.25% |
Minimum | Unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 1.28% |
Minimum | Convertible notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 2.88% |
Minimum | Unsecured revolving credit facilities |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [2],[3] | 5.72% |
Minimum | USD unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [3] | 5.54% |
Minimum | Euro unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [3] | 6.29% |
Maximum | Unsecured senior notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 11.63% |
Maximum | Secured senior notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 11.50% |
Maximum | Unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 5.89% |
Maximum | Convertible notes |  |  |
Long-Term Debt |  |  |
Long term debt, stated interest rate (as a percent) | [3] | 6.00% |
Maximum | Unsecured revolving credit facilities |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [2],[3] | 6.12% |
Maximum | Unsecured revolving credit facilities | Unsecured Revolving Credit Facility due 2024, $1.3 billion |  |  |
Long-Term Debt |  |  |
Long term debt, facility fee (as a percent) |  | 0.30% |
Maximum | USD unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [3] | 9.27% |
Maximum | Euro unsecured term loans |  |  |
Long-Term Debt |  |  |
Long term debt, current interest rate (as a percent) | [3] | 6.92% |
Maximum | LIBOR | Unsecured revolving credit facilities | Unsecured Revolving Credit Facility due 2024, $1.3 billion |  |  |
Long-Term Debt |  |  |
Margin on floating rate base (as a percent) |  | 1.70% |
[1] | At December 31, 2022 and 2021, the weighted average interest rate for total debt was 6.23% and 5.47%, respectively.
[2] | Total capacity of $3.0 billion, with $0.3 billion of undrawn capacity as of December 31, 2022. Includes $1.9 billion facility and $1.1 billion facility, which are due April 2024 as of December 31, 2022. Our $1.9 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.30%, which interest rate was 5.72%, as of December 31, 2022 and is subject to a facility fee of a maximum of 0.20%. Our $1.1 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.70%, which interest was 6.12% as of December 31, 2022 and is subject to a facility fee of a maximum of 0.30%.
[3] | Interest rates based on outstanding loan balance as of December 31, 2022 and, for variable rate debt, includes either LIBOR, EURIBOR or Term SOFR plus the applicable margin.

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