XML 115 R94.htm IDEA: XBRL DOCUMENT
v3.22.4

Financial Instruments and Fair Value Measurements - Summary of Derivative Financial Instruments (Details) € in Millions, £ in Millions, $ in Millions | 1 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jun. 30, 2022 derivative | Jun. 30, 2020 USD ($) derivative | Dec. 31, 2022 USD ($) derivative Rate | Oct. 31, 2022 GBP (£) derivative | Oct. 31, 2022 USD ($) derivative | Oct. 31, 2022 EUR (€) derivative | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) derivative | Feb. 29, 2020 USD ($) derivative | May 31, 2019 GBP (£) derivative | May 31, 2019 USD ($) derivative
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 3,463.2 |  |  |  |  | $ 2,731.9 |  |  |
Fair Value - asset (liability) |  |  | 17.7 |  |  |  |  | (41.1) |  |  |
Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional Amount |  |  | 755.5 |  |  |  |  | 1,092.4 |  |  |
Fair Value - asset (liability) |  |  | $ (11.6) |  |  |  |  | (26.4) |  |  |
Interest rate swap | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 1 |  |  |  |  |  |  |  |
Interest rate swap | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 1 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 250.0 |  |  |  |  | 250.0 |  |  |
Weighted Average Strike Rate |  |  | 2.88% |  |  |  |  |  |  |  |
Fair Value - asset (liability) |  |  | $ 5.6 |  |  |  |  | (11.9) |  |  |
Cross-currency swaps |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of derivative instruments terminated | derivative | 4 |  |  |  |  |  |  |  |  |  |
Cross-currency swaps | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  |  | 6 | 6 | 6 |  |  |  | 4 | 4
Notional Amount |  |  |  | £ 612 | $ 600.0 |  |  |  |  | £ 130 | $ 166.0
Cross-currency swaps | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 3 | 6 | 6 | 6 |  |  |  |  |
Notional Amount |  |  | $ 320.0 |  | $ 600.0 | € 612.0 | $ 166.3 | 166.3 |  |  |
Weighted Average Strike Rate |  |  |  | 4.697% | 4.697% | 4.697% |  |  |  |  |
Fair Value - asset (liability) |  |  | $ (33.3) |  |  |  |  | (13.8) |  |  |
Number of derivative instruments terminated | derivative | 4 |  |  |  |  |  |  |  |  |  |
Fixed strike rate |  |  |  | 5.625% | 5.625% | 5.625% |  |  |  |  |
Cross-currency swaps | Not designated as hedging instrument |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 3 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 280.0 |  |  |  |  | 0.0 |  |  |
Fair Value - asset (liability) |  |  | $ (29.5) |  |  |  |  | 0.0 |  |  |
Foreign currency forwards | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 30 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 185.5 |  |  |  |  | 176.1 |  |  |
Fair Value - asset (liability) |  |  | $ 16.1 |  |  |  |  | $ 7.6 |  |  |
Weighted average forward exchange rate | Rate |  |  | 1.34% |  |  |  |  |  |  |  |
Forward-starting swaps | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  | 6 |  |  |  |  |  | 6 |  |  |
Notional Amount |  | $ 500.0 |  |  |  |  |  |  |  |  |
Forward-starting swaps | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 6 |  |  |  |  |  |  |  |
Forward-starting swap, derivative | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 0 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 0.0 |  |  |  |  | $ 300.0 |  |  |
Weighted Average Strike Rate |  |  | 0.00% |  |  |  |  |  |  |  |
Fair Value - asset (liability) |  |  | $ 0.0 |  |  |  |  | (3.2) |  |  |
Forward-starting swaps, hybrid debt | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 0 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 0.0 |  |  |  |  | 200.0 |  |  |
Weighted Average Strike Rate |  |  | 0.00% |  |  |  |  |  |  |  |
Fair Value - asset (liability) |  |  | $ 0.0 |  |  |  |  | (5.1) |  |  |
Currency exchange swaps | Not designated as hedging instrument |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 4 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 2,427.7 |  |  |  |  | 1,639.5 |  |  |
Fair Value - asset (liability) |  |  | $ 58.8 |  |  |  |  | (14.7) |  |  |
GBP currency exchange swap | Not designated as hedging instrument |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 1 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 836.4 |  |  |  |  |  |  |  |
Weighted average forward exchange rate | Rate |  |  | 0.86% |  |  |  |  |  |  |  |
EUR currency exchange swap | Not designated as hedging instrument |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  | 3 |  |  |  |  |  |  |  |
Notional Amount |  |  | $ 1,600.0 |  |  |  |  |  |  |  |
Weighted average forward exchange rate | Rate |  |  | 1.05% |  |  |  |  |  |  |  |
Treasury rate locks | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional Amount |  |  |  |  |  |  |  | $ 500.0 | $ 500.0 |  |
Number of derivative instruments terminated | derivative |  | 5 |  |  |  |  |  |  |  |  |
Treasury rate locks | Designated as hedging instrument | Cash flow hedge |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Number of Instruments | derivative |  |  |  |  |  |  |  |  | 5 |  |

X
- Definition Derivative, Number of Instruments Terminated + References No definition available. + Details
Name: | o_DerivativeNumberOfInstrumentsTerminated
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126966630&loc=d3e41228-113958 + Details
Name: | us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Average contractual rate at which a foreign currency can be purchased or sold. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageForwardExchangeRate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Average fixed interest rate that will be received or paid upon exercise of a group of interest rate swaption contracts. + References No definition available. + Details
Name: | us-gaap_DerivativeAverageSwaptionInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of derivative instruments of a particular group held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 + Details
Name: | us-gaap_DerivativeNumberOfInstrumentsHeld
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fixed interest rate that will be received or paid upon exercise of the interest rate swaption contract. + References No definition available. + Details
Name: | us-gaap_DerivativeSwaptionInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CurrencySwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=o_ForwardStartingSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=o_ForwardStartingSwapDerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=o_ForwardStartingSwapHybridDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=o_ForeignExchangeContractGBPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=o_ForeignExchangeContractEURMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_TreasuryLockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |