XML 63 R48.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value Measurements and Derivative Instruments - Estimated Fair Value (Details) - Nonrecurring - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Level 1    
Assets:    
Cash and cash equivalents [1],[2] $ 1,226,871 $ 1,935,005
Total Assets [2] 1,226,871 1,935,005
Liabilities:    
Long-term debt (including current portion of 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 debt) [3],[4] 21,909,938 22,856,306
Total Liabilities [4] 21,909,938 22,856,306
Level 3    
Assets:    
Cash and cash equivalents [1],[5] 0 0
Total Assets [5] 0 0
Liabilities:    
Long-term debt (including current portion of debt) [3],[5] 0 0
Total Liabilities [5] 0 0
Total Carrying Amount    
Assets:    
Cash and cash equivalents [1] 1,226,871 1,935,005
Total Assets 1,226,871 1,935,005
Liabilities:    
Long-term debt (including current portion of debt) [3] 21,123,218 23,039,859
Total Liabilities 21,123,218 23,039,859
Total Fair Value    
Assets:    
Cash and cash equivalents [1] 1,226,871 1,935,005
Total Assets 1,226,871 1,935,005
Liabilities:    
Long-term debt (including current portion of debt) [3] 21,909,938 22,856,306
Total Liabilities $ 21,909,938 $ 22,856,306
[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 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, term loans and convertible notes. These amounts do not include our finance lease obligations.
[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, 2023 and December 31, 2022.