XML 47 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Carrying Amount and Fair Value of Long-Term Debt Instruments
Long-term debt is as follows:
 JUNE 30, 2025DECEMBER 31, 2024
 
DEBT
(INCLUSIVE OF
DISCOUNT)
UNAMORTIZED
DEFERRED
FINANCING
COSTS
CARRYING
AMOUNT
FAIR
VALUE
DEBT
(INCLUSIVE OF
DISCOUNT)
UNAMORTIZED
DEFERRED
FINANCING
COSTS
CARRYING
AMOUNT
FAIR
VALUE
Revolving Credit Facility(1)
$1,086,500 $(9,171)$1,077,329 $1,086,500 $121,000 $(9,253)$111,747 $121,000 
Term Loan A(1)
500,000 — 500,000 500,000 216,016 — 216,016 216,016 
Term Loan B(1)
1,831,699 (13,461)1,818,238 1,841,351 1,840,181 (14,690)1,825,491 1,850,698 
Virginia 3 Term Loans(2)
271,079 (2,145)268,934 271,079 271,079 (3,013)268,066 271,079 
Virginia 4/5 Term Loans(2)
195,547 (1,087)194,460 195,547 76,535 (2,752)73,783 76,535 
Virginia 6 Term Loans(2)
202,125 (3,619)198,506 202,125 137,495 (4,605)132,890 137,495 
Virginia 7 Term Loans(2)
207,920 (6,453)201,467 207,920 32,074 (7,591)24,483 32,074 
Australian Dollar Term Loan(2)
260,150 (1,984)258,166 262,053 175,813 (265)175,548 176,655 
UK Bilateral Revolving Credit Facility(2)(3)
191,997 (984)191,013 191,997 175,503 (1,034)174,469 175,503 
GBP Notes(2)
548,564 (345)548,219 542,393 501,437 (789)500,648 490,155 
47/8% Notes due 2027(2)
1,000,000 (3,199)996,801 991,250 1,000,000 (3,910)996,090 972,500 
51/4% Notes due 2028(2)
825,000 (3,247)821,753 818,813 825,000 (3,838)821,162 804,375 
5% Notes due 2028(2)
500,000 (2,231)497,769 494,375 500,000 (2,592)497,408 481,250 
7% Notes due 2029(2)
1,000,000 (7,623)992,377 1,032,500 1,000,000 (8,686)991,314 1,020,000 
47/8% Notes due 2029(2)
1,000,000 (6,148)993,852 978,750 1,000,000 (6,871)993,129 945,000 
51/4% Notes due 2030(2)
1,300,000 (7,647)1,292,353 1,278,875 1,300,000 (8,399)1,291,601 1,235,000 
41/2% Notes(2)
1,100,000 (7,052)1,092,948 1,043,625 1,100,000 (7,674)1,092,326 1,001,000 
5% Notes due 2032(2)
750,000 (9,247)740,753 716,250 750,000 (9,900)740,100 688,125 
55/8% Notes(2)
600,000 (4,114)595,886 592,500 600,000 (4,404)595,596 570,000 
61/4% Notes(2)
1,200,000 (13,653)1,186,347 1,230,000 1,200,000 (14,517)1,185,483 1,194,000 
Real Estate Mortgages, Financing Lease Liabilities and Other731,216 (1,795)729,421 731,216 614,231 (1,825)612,406 614,231 
Accounts Receivable Securitization Program400,000 (536)399,464 400,000 400,000 (670)399,330 400,000 
Total Long-term Debt15,701,797 (105,741)15,596,056  13,836,364 (117,278)13,719,086 
Less Current Portion(777,881)— (777,881) (715,109)— (715,109) 
Long-term Debt, Net of Current Portion$14,923,916 $(105,741)$14,818,175  $13,121,255 $(117,278)$13,003,977  
(1)Collectively, the “Credit Agreement”. The Credit Agreement consists of a revolving credit facility (the “Revolving Credit Facility”), a term loan A facility (the “Term Loan A”) and a term loan B facility (the "Term Loan B"). The remaining amount available for borrowing under the Revolving Credit Facility as of June 30, 2025 was $1,645,572 (which represents the maximum availability as of such date). The weighted average interest rate in effect under the Revolving Credit Facility was 6.2% as of June 30, 2025.
(2)Each as defined in Note 7 to Notes to Consolidated Financial Statements included in our Annual Report.
(3)On July 11, 2025, we amended the UK Bilateral Revolving Credit Facility to extend the maturity date from September 24, 2026 to September 24, 2028. All other material terms remain the same as disclosed in Note 7 to Notes to Consolidated Financial Statements included in our Annual Report.