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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2024

Long-Term Debt [Abstract]

Long-Term Debt

The following table presents the Company’s long-term debt at September 30, 2024 and December 31, 2023:

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2024			2023
Revolving Credit Agreement, bearing interest ranging from 5.54% to 8.00% (a)	​	$	2,234,322	​	$	—
Revolver under 2021 Revolving and Term Credit Agreement, bearing interest ranging from 6.40% to 8.50% (b)	​	​	—	​	​	453,245
Term loan under 2021 Revolving and Term Credit Agreement, bearing interest at 6.50% (b)	​		—	​		650,000
Term loan under 2022 Term Loan Agreement, bearing interest at 6.44% (b)	​	​	—	​	​	800,000
4.25% Senior Notes due 2028	​	​	500,000	​	​	500,000
3.50% Senior Notes due 2029	​	​	500,000	​	​	500,000
4.50% Senior Notes due 2029	​	​	370,400	​	​	—
2.60% Senior Notes due 2030	​	​	600,000	​	​	600,000
2.20% Senior Notes due 2032	​	​	650,000	​	​	650,000
3.20% Senior Notes due 2032	​	​	500,000	​	​	500,000
4.20% Senior Notes due 2033	​	​	750,000	​	​	750,000
5.00% Senior Notes due 2034	​	​	750,000	​	​	—
3.05% Senior Notes due 2050	​	​	500,000	​	​	500,000
2.95% Senior Notes due 2052	​	​	850,000	​	​	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)	​		26,249	​		48,774
Finance leases, bearing interest ranging from 1.89% to 5.07%, with lease expiration dates ranging from 2026 to 2029 (a)	​	​	10,144	​	​	10,034
​	​		8,241,115	​		6,812,053
Less – current portion	​		(7,873)	​		(26,462)
Less – unamortized debt discount and issuance costs	​		(72,704)	​		(60,820)
Long-term portion of debt and notes payable	​	$	8,160,538	​	$	6,724,771

____________________

(a) Interest rates represent the interest rates at September 30, 2024.

(b) Interest rates represent the interest rates at December 31, 2023.

Details of the Company's Credit Agreement

Details of the Revolving Credit Agreement at September 30, 2024 and details of the 2021 Revolving and Term Credit Agreement at December 31, 2023 are as follows:

​

​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2024			2023
Revolver		​			​		​
Available	​	$	707,942	​	$	1,357,013	​
Letters of credit outstanding	​	$	57,736	​	$	39,742	​
Total amount drawn, as follows:	​	$	2,234,322	​	$	453,245	​
Amount drawn – U.S. Term SOFR rate loan	​	$	1,360,000	​	$	90,000	​
Interest rate applicable – U.S. Term SOFR rate loan	​	​	6.30	%	​	6.46	%
Amount drawn – U.S. Term SOFR rate loan	​	$	70,000	​	$	150,000	​
Interest rate applicable – U.S. Term SOFR rate loan	​	​	5.96	%	​	6.50	%
Amount drawn – U.S. base rate loan	​	$	25,000	​	$	28,000	​
Interest rate applicable – U.S. base rate loan	​	​	8.00	%	​	8.50	%
Amount drawn – Canadian Term CORRA loan	​	$	744,504	​	$	—	​
Interest rate applicable - Canadian term CORRA loan	​	​	5.58	%	​	—	%
Amount drawn – Canadian Term CORRA loan	​	$	29,632	​	$	—	​
Interest rate applicable - Canadian term CORRA loan	​	​	5.54	%	​	—	%
Amount drawn – Canadian prime rate loan	​	$	5,186	​	$	15,122	​
Interest rate applicable - Canadian prime rate loan	​		6.45	%		7.20	%
Amount drawn – Canadian bankers’ acceptance	​	$	—	​	$	153,111	​
Interest rate applicable – Canadian bankers’ acceptance	​		—	%		6.46	%
Amount drawn – Canadian bankers’ acceptance	​	$	—	​	$	17,012	​
Interest rate applicable – Canadian bankers’ acceptance	​		—	%		6.40	%
Commitment – rate applicable	​		0.09	%		0.09	%
Term loan	​		​	​		​	​
Amount drawn – U.S. Term SOFR rate loan	​	$	—	​	$	650,000	​
Interest rate applicable – U.S. Term SOFR rate loan	​	​	—	%	​	6.50	%

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to 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.

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