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Debt Facilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2022 and 2021, our mortgage and loans payable consisted of the following (in thousands):
| 2022 |  | 2021
Term loans | $ | 619,090 |  |  | $ | 549,697 |
Mortgage payable and loans payable | 34,527 |  |  | 68,691 |
| 653,617 |  |  | 618,388 |
Less amount representing unamortized debt discount and debt issuance cost | (1,062) |  |  | (354) |
Add amount representing unamortized mortgage premium | — |  |  | 1,630 |
| 652,555 |  |  | 619,664 |
Less current portion | (9,847) |  |  | (33,087) |
| $ | 642,708 |  |  | $ | 586,577 |
Our senior notes consisted of the following as of December 31 (in thousands):
|  |  |  |  |  | 2022 |  | 2021
Senior Notes |  | Issuance Date |  | Maturity Date |  | Amount |  | Effective Rate |  | Amount |  | Effective Rate
2.625% Senior Notes due 2024 |  | November 2019 |  | November 2024 |  | $ | 1,000,000 |  |  | 2.79 | % |  | $ | 1,000,000 |  |  | 2.79 | %
1.250% Senior Notes due 2025 |  | June 2020 |  | July 2025 |  | 500,000 |  |  | 1.46 | % |  | 500,000 |  |  | 1.46 | %
1.000% Senior Notes due 2025 |  | October 2020 |  | September 2025 |  | 700,000 |  |  | 1.18 | % |  | 700,000 |  |  | 1.18 | %
2.900% Senior Notes due 2026 |  | November 2019 |  | November 2026 |  | 600,000 |  |  | 3.04 | % |  | 600,000 |  |  | 3.04 | %
1.450% Senior Notes due 2026 |  | May 2021 |  | May 2026 |  | 700,000 |  |  | 1.64 | % |  | 700,000 |  |  | 1.64 | %
0.250% Euro Senior Notes due 2027 |  | March 2021 |  | March 2027 |  | 534,950 |  |  | 0.45 | % |  | 569,150 |  |  | 0.45 | %
1.800% Senior Notes due 2027 |  | June 2020 |  | July 2027 |  | 500,000 |  |  | 1.96 | % |  | 500,000 |  |  | 1.96 | %
1.550% Senior Notes due 2028 |  | October 2020 |  | March 2028 |  | 650,000 |  |  | 1.67 | % |  | 650,000 |  |  | 1.67 | %
2.000% Senior Notes due 2028 |  | May 2021 |  | May 2028 |  | 400,000 |  |  | 2.21 | % |  | 400,000 |  |  | 2.21 | %
3.200% Senior Notes due 2029 |  | November 2019 |  | November 2029 |  | 1,200,000 |  |  | 3.30 | % |  | 1,200,000 |  |  | 3.30 | %
2.150% Senior Notes due 2030 |  | June 2020 |  | July 2030 |  | 1,100,000 |  |  | 2.27 | % |  | 1,100,000 |  |  | 2.27 | %
2.500% Senior Notes due 2031 |  | May 2021 |  | May 2031 |  | 1,000,000 |  |  | 2.65 | % |  | 1,000,000 |  |  | 2.65 | %
3.900% Senior Notes due 2032 |  | April 2022 |  | April 2032 |  | 1,200,000 |  |  | 4.07 | % |  | — |  |  | — | %
1.000% Euro Senior Notes due 2033 |  | March 2021 |  | March 2033 |  | 641,940 |  |  | 1.18 | % |  | 682,980 |  |  | 1.18 | %
3.000% Senior Notes due 2050 |  | June 2020 |  | July 2050 |  | 500,000 |  |  | 3.09 | % |  | 500,000 |  |  | 3.09 | %
2.950% Senior Notes due 2051 |  | October 2020 |  | September 2051 |  | 500,000 |  |  | 3.00 | % |  | 500,000 |  |  | 3.00 | %
3.400% Senior Notes due 2052 |  | May 2021 |  | February 2052 |  | 500,000 |  |  | 3.50 | % |  | 500,000 |  |  | 3.50 | %
|  |  |  |  |  | 12,226,890 |  |  |  |  | 11,102,130 |  |  |
Less amount representing unamortized debt discount and debt issuance cost |  | (117,351) |  |  |  |  | (117,986) |  |  |
|  |  |  |  |  | 12,109,539 |  |  |  |  | 10,984,144 |  |  |
Less current portion |  |  |  |  |  | — |  |  |  |  | — |  |  |
|  |  |  |  |  | $ | 12,109,539 |  |  |  |  | $ | 10,984,144 |  |  |
Schedule of Optional Redemption | With respect to the rest of the Notes listed below, we may redeem at our election, at any time or from time to time, some or all of the notes of any series before they mature. The redemption price will equal the sum of (1) an amount equal to one hundred percent (100%) of the principal amount of the notes being redeemed plus accrued and unpaid interest up to, but not including, the redemption date and (2) a make-whole premium. If the Notes are redeemed on or after the First Par Call Date listed in the table below, the redemption price will not include a make-whole premium for the applicable notes.
Senior Notes Description | First Par Call Date |  |
2.625% Senior Notes due 2024 | October 18, 2024 |  |
1.250% Senior Notes due 2025 | June 15, 2025 |  |
1.000% Senior Notes due 2025 | August 15, 2025 |  |
1.450% Senior Notes due 2026 | April 15, 2026 |  |
2.900% Senior Notes due 2026 | September 18, 2026 |  |
0.250% Euro Senior Notes due 2027 | January 15, 2027 |  |
1.800% Senior Notes due 2027 | May 15, 2027 |  |
1.550% Senior Notes due 2028 | January 15, 2028 |  |
2.000% Senior Notes due 2028 | March 15, 2028 |  |
3.200% Senior Notes due 2029 | August 18, 2029 |  |
2.150% Senior Notes due 2030 | April 15, 2030 |  |
2.500% Senior Notes due 2031 | February 15, 2031 |  |
3.900% Senior Notes due 2032 | January 15, 2032 |  |
1.000% Euro Senior Notes due 2033 | December 15, 2032 |  |
3.000% Senior Notes due 2050 | January 15, 2050 |  |
2.950% Senior Notes due 2051 | March 15, 2051 |  |
3.400% Senior Notes due 2052 | August 15, 2051 |  |
Schedule of Maturities of Debt Instruments | The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of December 31, 2022 (in thousands):
Years ending: |
2023 | $ | 9,847 |
2024 | 1,009,469 |
2025 | 1,208,077 |
2026 | 1,307,656 |
2027 | 1,644,202 |
Thereafter | 7,701,256 |
| $ | 12,880,507 |
Schedule of Fair Value of Debt Instruments | The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of December 31 (in thousands):
| 2022 |  | 2021
Mortgage and loans payable | $ | 666,387 |  |  | $ | 621,051 |
Senior notes | 10,196,933 |  |  | 11,049,834 |
Schedule of Interest Charges Incurred | The following table sets forth total interest costs incurred, and total interest costs capitalized for the years ended December 31 (in thousands):
| 2022 |  | 2021 |  | 2020
Interest expense | $ | 356,337 |  |  | $ | 336,082 |  |  | $ | 406,466 |
Interest capitalized | 18,152 |  |  | 24,505 |  |  | 26,750 |
Interest charges incurred | $ | 374,489 |  |  | $ | 360,587 |  |  | $ | 433,216 |

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