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v3.23.1

Debt - Summary of Debt (Details) - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 | Dec. 31, 2022
Debt Instrument [Line Items] |  |  |
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] |  | Long-term portion | Long-term portion
Finance lease liabilities |  | $ 336,892,000 | $ 351,332,000
Total debt | [1] | 21,888,796,000 | 23,822,314,000
Less: unamortized debt issuance costs |  | (428,685,000) | (431,123,000)
Total debt, net of unamortized debt issuance costs |  | 21,460,111,000 | 23,391,191,000
Less—current portion |  | (2,055,307,000) | (2,087,711,000)
Long-term portion |  | $ 19,404,804,000 | $ 21,303,480,000
Weighted average interest rate |  | 6.35% | 6.23%
Total fixed rate debt |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 16,437,184,000 | $ 15,856,315,000
Unsecured senior notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 7,898,504,000 | 7,199,331,000
Unsecured senior notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 3.70% |
Unsecured senior notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 11.63% |
Secured senior notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 2,373,981,000 | 2,370,855,000
Secured senior notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 8.25% |
Secured senior notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 11.50% |
Unsecured term loans |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 4,439,699,000 | 4,561,129,000
Unsecured term loans | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 1.28% |
Unsecured term loans | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 5.89% |
Convertible notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 1,725,000,000 | 1,725,000,000
Convertible notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 2.88% |
Convertible notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 6.00% |
Total variable rate debt |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 5,114,720,000 | 7,614,667,000
Unsecured revolving credit facilities |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross | [3] | $ 371,971,000 | 2,744,105,000
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate |  | 6.20% |
Maximum borrowing capacity |  | $ 1,900,000,000 |
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate |  | 6.95% |
Maximum borrowing capacity |  | $ 1,100,000,000 |
Unsecured revolving credit facilities | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2],[3] | 6.20% |
Unsecured revolving credit facilities | Minimum | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Facility fee |  | 0.20% |
Unsecured revolving credit facilities | Minimum | Unsecured Revolving Credit Facility Due 2024 | SOFR |  |  |
Debt Instrument [Line Items] |  |  |
Margin on floating rate base (as a percent) |  | 1.40% |
Unsecured revolving credit facilities | Minimum | Unsecured Revolving Credit Facility Due 2024 | SOFR |  |  |
Debt Instrument [Line Items] |  |  |
Margin on floating rate base (as a percent) |  | 1.80% |
Unsecured revolving credit facilities | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2],[3] | 6.95% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 | SOFR |  |  |
Debt Instrument [Line Items] |  |  |
Margin on floating rate base (as a percent) |  | 2.15% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Facility fee |  | 0.30% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 | SOFR |  |  |
Debt Instrument [Line Items] |  |  |
Margin on floating rate base (as a percent) |  | 2.15% |
USD unsecured term loan |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 4,198,261,000 | 4,335,973,000
USD unsecured term loan | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 5.71% |
USD unsecured term loan | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 9.69% |
Euro unsecured term loan |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 544,488,000 | $ 534,589,000
Euro unsecured term loan | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 6.46% |
Euro unsecured term loan | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 7.09% |
[1] | At March 31, 2023 and December 31, 2022, the weighted average interest rate for total debt was 6.35% and 6.23%, respectively
[2] | Interest rates based on outstanding loans as of March 31, 2023, and for variable rate debt include either LIBOR, EURIBOR or Term SOFR plus the applicable margin.
[3] | Advances under our $1.9 billion facility accrue interest at Term SOFR plus an interest rate margin ranging from 1.40% to 2.15%. Advances under our $1.1 billion facility accrue interest at Term SOFR plus an interest rate margin ranging from 1.80% to 2.15%. Based on applicable Term SOFR rates, as of March 31, 2023, the interest rates under the $1.9 billion facility and the $1.1 billion facility were 6.20% and 6.95%, respectively. We also pay a facility fee for each facility ranging from 0.20% to 0.30% of the total commitments under such facility.

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