XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.1
DEBT DEBT (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
USD ($)
Rate
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]    
Total debt $ 13,834,709 $ 13,756,709
Unamortized portion of terminated swaps 11,166 11,596
Unamortized debt issuance costs and discounts (121,576) (124,855)
Current maturities of long-term debt (895,814) (895,814)
Short-term borrowings (78,000) 0
Long-term debt 12,750,485 12,747,636
$2.5 Billion Credit Agreement [Member]    
Debt Instrument [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity $ 2,500,000  
Debt Instrument, Covenant Description Among other things, these covenants include maintaining a ratio of indebtedness to adjusted EBITDA (EBITDA, as defined in our $2.5 Billion Credit Agreement, adjusted for all noncash charges and increased for projected EBITDA from certain lender-approved capital expansion projects). In the first quarter 2022, we acquired assets for $30 million, which allowed us to elect an acquisition adjustment period under our $2.5 Billion Credit Agreement and, as a result, increased our leverage ratio covenant to 5.5 to 1 for the first quarter 2022 and the two following quarters. Thereafter, the covenant will decrease to 5.0 to 1.  
Line of Credit Facility, Amount Outstanding $ 0  
Indebtedness To Adjusted EBITDA Current 4.0  
Indebtedness To Adjusted EBITDA Maximum 5.0  
Indebtedness To Adjusted EBITDA From Acquisitions Maximum 5.5  
Asset Acquisition, Consideration Transferred $ 30,000  
Subsidiary Issuer [Member] | 3.375% Notes Payable due 2022 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 900,000  
Interest Rate (in hundredths) | Rate 3.375%  
Total debt $ 895,814 895,814
Subsidiary Issuer [Member] | 5.0% Notes Payable due 2023 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 425,000  
Interest Rate (in hundredths) | Rate 5.00%  
Total debt $ 425,000 425,000
Subsidiary Issuer [Member] | 4.9% Notes Payable due 2025 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500,000  
Interest Rate (in hundredths) | Rate 4.90%  
Total debt $ 500,000 500,000
Subsidiary Issuer [Member] | 6.65% Notes Payable due 2036 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600,000  
Interest Rate (in hundredths) | Rate 6.65%  
Total debt $ 600,000 600,000
Subsidiary Issuer [Member] | 6.85% Notes Payable due 2037 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600,000  
Interest Rate (in hundredths) | Rate 6.85%  
Total debt $ 600,000 600,000
Subsidiary Issuer [Member] | 6.125% Notes Payable due 2041 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 650,000  
Interest Rate (in hundredths) | Rate 6.125%  
Total debt $ 650,000 650,000
Subsidiary Issuer [Member] | 6.2% Notes Payable due 2043 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 400,000  
Interest Rate (in hundredths) | Rate 6.20%  
Total debt $ 400,000 400,000
Parent Company    
Debt Instrument [Line Items]    
Commercial Paper $ 78,000 0
Short-term Debt, Weighted Average Interest Rate, at Point in Time | Rate 0.94%  
Parent Company | 7.5% Notes Payable due 2023 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500,000  
Interest Rate (in hundredths) | Rate 7.50%  
Total debt $ 500,000 500,000
Parent Company | 2.75% Notes Payable due 2024 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500,000  
Interest Rate (in hundredths) | Rate 2.75%  
Total debt $ 500,000 500,000
Parent Company | 2.2% Notes Payable due 2025 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 400,000  
Interest Rate (in hundredths) | Rate 2.20%  
Total debt $ 387,000 387,000
Parent Company | 5.85% Notes Payable due 2026 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600,000  
Interest Rate (in hundredths) | Rate 5.85%  
Total debt $ 600,000 600,000
Parent Company | 4.0% Notes Payable due 2027 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500,000  
Interest Rate (in hundredths) | Rate 4.00%  
Total debt $ 500,000 500,000
Parent Company | 4.55% Notes Payable due 2028 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 800,000  
Interest Rate (in hundredths) | Rate 4.55%  
Total debt $ 800,000 800,000
Parent Company | 6.875% Notes Payable due 2028 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 100,000  
Interest Rate (in hundredths) | Rate 6.875%  
Total debt $ 100,000 100,000
Parent Company | 4.35% Notes Payable due 2029 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 700,000  
Interest Rate (in hundredths) | Rate 4.35%  
Total debt $ 700,000 700,000
Parent Company | 3.4% Notes Payable due 2029 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750,000  
Interest Rate (in hundredths) | Rate 3.40%  
Total debt $ 714,251 714,251
Parent Company | 3.1% Notes Payable due 2030 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 850,000  
Interest Rate (in hundredths) | Rate 3.10%  
Total debt $ 780,093 780,093
Parent Company | 6.35% Notes Payable due 2031 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600,000  
Interest Rate (in hundredths) | Rate 6.35%  
Total debt $ 600,000 600,000
Parent Company | 6.0% Notes Payable due 2035 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 400,000  
Interest Rate (in hundredths) | Rate 6.00%  
Total debt $ 400,000 400,000
Parent Company | 4.95% Notes Payable due 2047 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 700,000  
Interest Rate (in hundredths) | Rate 4.95%  
Total debt $ 689,006 689,006
Parent Company | 5.2% Notes Payable due 2048 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000,000  
Interest Rate (in hundredths) | Rate 5.20%  
Total debt $ 1,000,000 1,000,000
Parent Company | 4.45% Notes Payable due 2049 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750,000  
Interest Rate (in hundredths) | Rate 4.45%  
Total debt $ 672,530 672,530
Parent Company | 4.5% Notes Payable due 2050 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500,000  
Interest Rate (in hundredths) | Rate 4.50%  
Total debt $ 443,015 443,015
Parent Company | 7.15% Notes Payable due 2051 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 300,000  
Interest Rate (in hundredths) | Rate 7.15%  
Total debt $ 300,000 $ 300,000