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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Long-Term Debt [Abstract]

Long-Term Debt

The following table presents the Company’s long-term debt as of December 31, 2021 and 2020:

​

​	​	​	​	​	​	​
​	​	December 31,
​		2021			2020
Revolver under Credit Agreement, bearing interest ranging from 1.10% to 3.25% (a)	​	$	803,944	​	$	203,927
Term loan under Credit Agreement, bearing interest at 1.10% (a)	​		650,000	​	​	650,000
4.64% Senior Notes due 2021	​		—	​	​	100,000
2.39% Senior Notes due 2021	​		—	​	​	150,000
3.09% Senior Notes due 2022	​		—	​	​	125,000
2.75% Senior Notes due 2023	​		—	​	​	200,000
3.24% Senior Notes due 2024	​		—	​	​	150,000
3.41% Senior Notes due 2025	​		—	​	​	375,000
3.03% Senior Notes due 2026	​		—	​	​	400,000
3.49% Senior Notes due 2027	​		—	​	​	250,000
4.25% Senior Notes due 2028	​	​	500,000	​	​	500,000
3.50% Senior Notes due 2029	​	​	500,000	​	​	500,000
2.60% Senior Notes due 2030	​	​	600,000	​	​	600,000
2.20% Senior Notes due 2032	​	​	650,000	​	​	—
3.05% Senior Notes due 2050	​	​	500,000	​	​	500,000
2.95% Senior Notes due 2052	​	​	850,000	​	​	—
Notes payable to sellers and other third parties, bearing interest ranging from 2.42% to 10.35%, principal and interest payments due periodically with due dates ranging from 2028 to 2036 (a)	​		37,508	​	​	43,131
Finance leases, bearing interest at 1.89% with a lease expiration date of 2027 (a)	​	​	10,519	​	​	3,754
​	​		5,101,971	​		4,750,812
Less – current portion	​		(6,020)	​	​	(8,268)
Less – unamortized debt discount and issuance costs	​		(55,451)	​	​	(33,866)
​	​	$	5,040,500	​	$	4,708,678

(a) Interest rates represent the interest rates incurred at December 31, 2021.

Details of the Company's Credit Agreement

Details of the Credit Agreement are as follows:

​

​	​	​	​	​	​	​
​	December 31,
​	2021			2020
Revolver under Credit Agreement	​			​		​
Available	$	933,775	​	$	1,238,937	​
Letters of credit outstanding	$	112,281	​	$	119,636	​
Total amount drawn, as follows:	$	803,944	​	$	203,927	​
Amount drawn - U.S. LIBOR rate loan	$	631,000	​	$	200,000	​
Interest rate applicable - U.S. LIBOR rate loan	​	1.10	%	​	1.35	%
Interest rate margin - U.S. LIBOR rate loan	​	1.00	%	​	1.20	%
Amount drawn - U.S. base rate loan	$	158,000	​	$	—	​
Interest rate applicable - U.S. base rate loan	​	3.25	%	​	—	%
Interest rate margin - U.S. base rate loan	​	0.00	%	​	—	%
Amount drawn - U.S. swingline loan	$	11,000	​	$	—	​
Interest rate applicable - U.S. swingline loan	​	3.25	%	​	—	%
Interest rate margin - U.S. swingline loan	​	0.00	%	​	—	%
Amount drawn – Canadian bankers’ acceptance	$	3,944	​	$	3,927	​
Interest rate applicable – Canadian bankers’ acceptance		1.45	%		1.66	%
Interest rate acceptance fee – Canadian bankers’ acceptance		1.00	%		1.20	%
Commitment – rate applicable		0.09	%		0.15	%
Term loan under Credit Agreement		​	​		​	​
Amount drawn – U.S. based LIBOR loan	$	650,000	​	$	650,000	​
Interest rate applicable – U.S. based LIBOR loan		1.10	%		1.35	%
Interest rate margin – U.S. based LIBOR loan		1.00	%		1.20	%

Aggregate Contractual Future Principal Payments by Calendar Year on Long-Term Debt

As of December 31, 2021, aggregate contractual future principal payments by calendar year on long-term debt are due as follows:

​

​	​	​	​
2022		$	6,020
2023	​		6,090
2024	​		6,239
2025	​		6,391
2026	​		1,460,243
Thereafter	​		3,616,988
​	​	$	5,101,971

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