XML 81 R71.htm IDEA: XBRL DOCUMENT
v3.23.2

Derivative Instruments - Summary of Derivative Financial Instruments (Details) $ in Millions | Jun. 30, 2023 USD ($) derivative Rate | Dec. 31, 2022 USD ($)
--- | --- | ---
Derivative [Line Items] |  |
Notional amount | $ 3,588.9 | $ 3,463.2
Fair Value - asset (liability) | (60.3) | 17.7
Designated as hedging instrument |  |
Derivative [Line Items] |  |
Notional amount | 3,094.0 | 755.5
Fair Value - asset (liability) | (23.5) | (11.6)
Not designated as hedging instrument |  |
Derivative [Line Items] |  |
Notional amount | 494.9 | 2,707.7
Fair Value - asset (liability) | $ (36.8) | 29.3
Interest rate swaps | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 9 |
Notional amount | $ 1,630.0 | 250.0
Weighted Average Strike Rate | 4.26% |
Fair Value - asset (liability) | $ 6.4 | 5.6
Interest rate swaptions | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 6 |
Notional amount | $ 1,000.0 | 0.0
Weighted Average Strike Rate | 5.625% |
Fair Value - asset (liability) | $ 8.8 | 0.0
Cross-currency swaps | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 3 |
Notional amount | $ 320.0 | 320.0
Weighted Average Strike Rate | 4.697% |
Fair Value - asset (liability) | $ (45.6) | (33.3)
Cross-currency swaps | Not designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 3 |
Notional amount | $ 280.0 | 280.0
Fair Value - asset (liability) | $ (40.3) | (29.5)
Foreign currency forwards | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 24 |
Notional amount | $ 144.0 | 185.5
Fair Value - asset (liability) | $ 6.9 | 16.1
Weighted average forward exchange rate | Rate | 1.34% |
Currency exchange swaps | Not designated as hedging instrument |  |
Derivative [Line Items] |  |
Number of swaps executed | derivative | 1 |
Notional amount | $ 214.9 | 2,427.7
Fair Value - asset (liability) | $ 3.5 | $ 58.8
USD currency exchange swap | Not designated as hedging instrument |  |
Derivative [Line Items] |  |
Weighted average forward exchange rate | Rate | 1.07% |
Interest Rate Swaption, Purchased | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Fixed strike rate | 3.75% |
Interest Rate Swaption, Sold | Designated as hedging instrument |  |
Derivative [Line Items] |  |
Fixed strike rate | 4.25% |

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 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480463/815-10-45-5 + 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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5 + 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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + 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://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480524/946-210-50-6 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 55 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480493/946-210-55-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column A)(Footnote 3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column C)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5A -Subparagraph (SX 210.12-13A(Column B)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + 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_HedgingDesignationAxis=us-gaap_NondesignatedMember
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_InterestRateSwaptionMember
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_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember
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_ForeignExchangeContractUSDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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