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v3.25.1

Revolving Credit Facility and Commercial Paper Programs (Details) $ in Thousands, € in Millions, £ in Millions | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2025 USD ($) currency extensionOption | Mar. 31, 2024 | Mar. 31, 2025 GBP (£) extensionOption | Mar. 31, 2025 EUR (€) extensionOption | Dec. 31, 2024 USD ($) | Dec. 31, 2024 GBP (£) | Dec. 31, 2024 EUR (€)
Credit facility |  |  |  |  |  |  |
Credit facility origination costs | $ 6,098 |  |  |  | $ 7,331 |  |
Commercial paper borrowings outstanding | $ 413,400 |  |  | € 382.0 | 67,300 |  | € 65.0
Commercial paper |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Weighted average borrowing rate during the period (as a percent) | 3.30% | 4.50% |  |  |  |  |
U.S. Dollar-Denominated Unsecured Commercial Paper Program | Unsecured Debt |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum aggregate capacity of commercial paper program | $ 1,500,000 |  |  |  |  |  |
Euro-Denominated Unsecured Commercial Paper Program | Unsecured Debt |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum aggregate capacity of commercial paper program | $ 1,500,000 |  |  |  |  |  |
Revolving credit facility |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Weighted average interest rate at the end of the period (as a percent) | 4.30% |  | 4.30% | 4.30% |  |  |
Revolving credit facility | Unsecured Debt |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Current borrowing capacity | $ 2,960,000 |  |  |  |  |  |
Outstanding balance | $ 1,300,000 |  | £ 577.0 | € 501.0 | 1,100,000 | £ 376.0 | € 572.0
Weighted average borrowing rate during the period (as a percent) | 4.50% | 6.20% |  |  |  |  |
Credit facility origination costs | $ 6,100 |  |  |  | $ 7,300 |  |
Revolving credit facility | Multicurrency Credit Facility | Unsecured Debt |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Maximum borrowing capacity | $ 4,250,000 |  |  |  |  |  |
Number of extensions | extensionOption | 2 |  | 2 | 2 |  |  |
Term of extension option | 6 months |  |  |  |  |  |
Number of currencies allowable per facility | currency | 14 |  |  |  |  |  |
Credit facility expansion option | $ 1,000,000 |  |  |  |  |  |
Revolving credit facility | Multicurrency Credit Facility | Unsecured Debt | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 0.725% |  |  |  |  |  |
Basis spread on variable rate, adjustment share (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 | Multicurrency Credit Facility | Unsecured Debt | Sterling Overnight Indexed Average (SONIA) |  |  |  |  |  |  |
Credit facility |  |  |  |  |  |  |
Basis spread on variable rate (as a percent) | 0.725% |  |  |  |  |  |
Basis spread on variable rate, adjustment share (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 | Multicurrency Credit Facility | Unsecured Debt | Euro Interbank Offered Rate (EURIBOR) |  |  |  |  |  |  |
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% |  |  |  |  |  |

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- 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
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- 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/1943274/2147478777/944-210-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/1943274/2147478546/942-210-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
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- 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://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479359/835-30-S45-1 + Details
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- 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://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/1943274/2147478546/942-210-S99-1 Reference 3: 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/1943274/2147478777/944-210-S99-1 + Details
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- 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 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 3: 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
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