XML 65 R55.htm IDEA: XBRL DOCUMENT
v3.23.2

Revolving Credit Facility and Commercial Paper Programs (Details) € in Millions, £ in Millions | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2023 USD ($) extension currency | Jun. 30, 2022 | Jun. 30, 2023 GBP (£) extension | Jun. 30, 2023 EUR (€) extension | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2022 EUR (€)
Credit facility |  |  |  |  |  |  |
Credit facility origination costs | $ 14,730,000 |  |  |  | $ 17,196,000 |  |
Commercial paper borrowings outstanding | $ 122,700,000 |  |  |  | 701,800,000 |  | € 361.0
Weighted average interest rate at the end of the period (as a percent) | 5.40% |  | 5.40% | 5.40% |  |  |
Unsecured debt | U.S. Dollar-Denominated Unsecured Commercial Paper Program |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum aggregate capacity of commercial paper program | $ 1,500,000,000 |  |  |  |  |  |
Unsecured debt | Euro-Denominated Unsecured Commercial Paper Program |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum aggregate capacity of commercial paper program | 1,500,000,000 |  |  |  |  |  |
Revolving credit facility | Unsecured debt |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Current borrowing capacity | 3,400,000,000 |  |  |  |  |  |
Outstanding balance | $ 867,500,000 |  |  |  | 2,000,000,000 | £ 70.0 | € 1,800.0
Weighted average borrowing rate during the period (as a percent) | 4.60% | 1.50% |  |  |  |  |
Weighted average interest rate at the end of the period (as a percent) | 5.60% |  | 5.60% | 5.60% |  |  |
Credit facility origination costs | $ 14,700,000 |  |  |  | $ 17,200,000 |  |
Revolving credit facility | Unsecured debt | GBP |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Outstanding balance |  |  | £ 644.0 | € 45.0 |  |  |
Revolving credit facility | Unsecured debt | Multicurrency Credit Facility |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum borrowing capacity | $ 4,250,000,000 |  |  |  |  |  |
Number of extensions | extension | 2 |  | 2 | 2 |  |  |
Term of extension option | 6 months |  |  |  |  |  |
Number of currencies allowable per facility | currency | 14 |  |  |  |  |  |
Credit facility expansion option | $ 1,000,000,000 |  |  |  |  |  |
Revolving credit facility | Unsecured debt | Secured Overnight Financing Rate (SOFR) | Multicurrency Credit Facility |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 0.725% |  |  |  |  |  |
Basis spread on variable rate, adjustment chare (as a percent) | 0.10% |  |  |  |  |  |
Commitment fee (as a percent) | 0.125% |  |  |  |  |  |
All-in drawn variable interest rate (as a percent) | 0.95% |  |  |  |  |  |
Revolving credit facility | Unsecured debt | Sterling Overnight Indexed Average (SONIA) | Multicurrency Credit Facility |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 0.725% |  |  |  |  |  |
Basis spread on variable rate, adjustment chare (as a percent) | 0.0326% |  |  |  |  |  |
Commitment fee (as a percent) | 0.125% |  |  |  |  |  |
All-in drawn variable interest rate (as a percent) | 0.8826% |  |  |  |  |  |
Revolving credit facility | Unsecured debt | Euro Interbank Offered Rate (EURIBOR) | Multicurrency Credit Facility |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 0.725% |  |  |  |  |  |
Commitment fee (as a percent) | 0.125% |  |  |  |  |  |
All-in drawn variable interest rate (as a percent) | 0.85% |  |  |  |  |  |
Commercial paper |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Weighted average borrowing rate during the period (as a percent) | 4.50% | 0.80% |  |  |  |  |

X
- Definition Commercial Paper Program, Maximum Aggregate Capacity + References No definition available. + Details
Name: | o_CommercialPaperProgramMaximumAggregateCapacity
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Basis Spread on Variable Rate, Adjustment Charge + References No definition available. + Details
Name: | o_DebtInstrumentBasisSpreadOnVariableRateAdjustmentCharge
Namespace Prefix: | o_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total of all fees that are fixed as a percentage of the amount of the debt facility as a percentage over LIBOR. + References No definition available. + Details
Name: | o_LineOfCreditFacilityBasisSpreadAndCommitmentFeeTotal
Namespace Prefix: | o_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Contingent Expansion Option, Additional Borrowing Capacity + References No definition available. + Details
Name: | o_LineOfCreditFacilityContingentExpansionOptionAdditionalBorrowingCapacity
Namespace Prefix: | o_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the period of time for which extensions are available under a line of credit agreement. + References No definition available. + Details
Name: | o_LineOfCreditFacilityExtensionPeriod
Namespace Prefix: | o_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Number Of Currencies Allowable + References No definition available. + Details
Name: | o_LineOfCreditFacilityNumberOfCurrenciesAllowable
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of extensions available at the option of the Company. + References No definition available. + Details
Name: | o_LineOfCreditFacilityNumberOfExtensions
Namespace Prefix: | o_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_CommercialPaper
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt issuance costs related to line of credit arrangements. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S45 -Paragraph 1 -SubTopic 30 -Topic 835 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479359/835-30-S45-1 + Details
Name: | us-gaap_DebtIssuanceCostsLineOfCreditArrangementsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The effective interest rate at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The effective interest rate during the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

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/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Weighted average interest rate of short-term debt outstanding calculated at point in time. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ShortTermDebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Weighted average interest rate of short-term debt outstanding calculated over time. + References No definition available. + Details
Name: | us-gaap_ShortTermDebtWeightedAverageInterestRateOverTime
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_USDollarDenominatedUnsecuredCommercialPaperProgramMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_EuroDenominatedUnsecuredCommercialPaperProgramMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_GBP
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=o_MulticurrencyCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=o_SecuredOvernightFinancingRateSOFRMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=o_SterlingOvernightIndexedAverageSONIAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=o_EuroInterbankOfferedRateEURIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_CommercialPaperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |