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Debt Facilities (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Summary of debt | As of June 30, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands):
| June 30, 2020 |  | December 31, 2019
| Amount |  | Effective Rate |  | Amount |  | Effective Rate
5.000% Infomart Senior Notes (1) | $ | 300,000 |  |  | 4.49 | % |  | $ | 450,000 |  |  | 4.46 | %
5.375% Senior Notes due 2022 | — |  |  | — | % |  | 343,711 |  |  | 5.56 | %
2.625% Senior Notes due 2024 | 1,000,000 |  |  | 2.79 | % |  | 1,000,000 |  |  | 2.79 | %
2.875% Euro Senior Notes due 2024 | 842,775 |  |  | 3.08 | % |  | 841,500 |  |  | 3.08 | %
2.875% Euro Senior Notes due 2025 | 1,123,700 |  |  | 3.04 | % |  | 1,122,000 |  |  | 3.04 | %
2.900% Senior Notes due 2026 | 600,000 |  |  | 3.04 | % |  | 600,000 |  |  | 3.04 | %
5.875% Senior Notes due 2026 | 1,100,000 |  |  | 6.03 | % |  | 1,100,000 |  |  | 6.03 | %
2.875% Euro Senior Notes due 2026 | 1,123,700 |  |  | 3.04 | % |  | 1,122,000 |  |  | 3.04 | %
5.375% Senior Notes due 2027 | 1,250,000 |  |  | 5.51 | % |  | 1,250,000 |  |  | 5.51 | %
3.200% Senior Notes due 2029 | 1,200,000 |  |  | 3.30 | % |  | 1,200,000 |  |  | 3.30 | %
1.250% Senior Notes due 2025 | 500,000 |  |  | 1.46 | % |  | — |  |  | — | %
1.800% Senior Notes due 2027 | 500,000 |  |  | 1.96 | % |  | — |  |  | — | %
2.150% Senior Notes due 2030 | 1,100,000 |  |  | 2.27 | % |  | — |  |  | — | %
3.000% Senior Notes due 2050 | 500,000 |  |  | 3.09 | % |  | — |  |  | — | %
| 11,140,175 |  |  |  |  | 9,029,211 |  |  |
Less amount representing unamortized debt issuance cost | (108,519 | ) |  |  |  | (78,030 | ) |  |
Add amount representing unamortized debt premium | 745 |  |  |  |  | 1,716 |  |  |
| 11,032,401 |  |  |  |  | 8,952,897 |  |  |
Less current portion | (2,227,768 | ) |  |  |  | (643,224 | ) |  |
Total | $ | 8,804,633 |  |  |  |  | $ | 8,309,673 |  |  |
(1) 5.000% Infomart Senior Notes consist of two tranches outstanding due in each of October 2020 and April 2021. The effective rate represents the weighted-average effective interest rates of the tranches outstanding at the periods presented in the table above. As of June 30, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands):
| June 30, 2020 |  | December 31, 2019
Term loans | $ | 1,218,259 |  |  | $ | 1,287,151 |
Mortgage payable and loans payable | 77,574 |  |  | 82,967 |
| 1,295,833 |  |  | 1,370,118 |
Less amount representing unamortized debt discount and debt issuance cost | (3,927 | ) |  | (4,849 | )
Add amount representing unamortized mortgage premium | 1,732 |  |  | 1,768 |
| 1,293,638 |  |  | 1,367,037 |
Less current portion | (75,589 | ) |  | (77,603 | )
Total | $ | 1,218,049 |  |  | $ | 1,289,434 |
Summary of maturities of debt instruments | The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2020 (in thousands):
Years ending: |
2020 (6 months remaining) | $ | 2,130,697 |
2021 | 225,580 |
2022 | 1,148,837 |
2023 | 6,510 |
2024 | 1,006,031 |
Thereafter | 7,920,085 |
Total | $ | 12,437,740 |
Fair value of debt instruments | The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes, including current maturities, as of (in thousands):
| June 30, 2020 |  | December 31, 2019
Mortgage and loans payable | $ | 1,304,463 |  |  | $ | 1,378,429 |
Senior notes | 11,580,351 |  |  | 9,339,497 |
Schedule of interest charges incurred | The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Interest expense | $ | 108,480 |  |  | $ | 120,547 |  |  | $ | 215,818 |  |  | $ | 243,393 |
Interest capitalized | 6,880 |  |  | 5,910 |  |  | 12,911 |  |  | 15,764 |
Interest charges incurred | $ | 115,360 |  |  | $ | 126,457 |  |  | $ | 228,729 |  |  | $ | 259,157 |

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