XML 66 R45.htm IDEA: XBRL DOCUMENT v3.23.2
Debt - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
May 02, 2023
$ / shares
Jul. 26, 2023
USD ($)
May 31, 2023
USD ($)
$ / shares
Oct. 31, 2021
May 31, 2020
USD ($)
$ / shares
Nov. 30, 2018
USD ($)
purchaser
d
$ / shares
shares
Jun. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
d
Jun. 30, 2022
USD ($)
shares
Dec. 31, 2022
USD ($)
shares
Debt Instrument [Line Items]                    
Proceeds from Convertible Debt               $ 1,230,600,000 $ 0  
Number of Initial purchasers | purchaser           2        
Purchases of capped call transactions               101,300,000 $ 0  
Deposit assets             $ 5,500,000 5,500,000    
Common Stock                    
Debt Instrument [Line Items]                    
Repurchase and conversions of notes (in shares) | shares                 400,000  
Shares received from Note Hedge | shares                 300,000  
Senior Notes                    
Debt Instrument [Line Items]                    
Total principal amount             3,232,300,000 3,232,300,000   $ 1,982,300,000
Senior Notes | Senior Convertible Notes due 2023                    
Debt Instrument [Line Items]                    
Interest rate on convertible notes (as a percent)           0.75%        
Total principal amount           $ 850,000,000 774,800,000 $ 774,800,000   774,800,000
Proceeds from Convertible Debt           $ 836,600,000        
Conversion price of convertible notes (USD per share) | $ / shares           $ 41.07        
Debt instrument convertible principal amount exercised             $ 532,200,000     $ 17,500,000
Shares received from Note Hedge | shares                   287,492
Holder's repurchase price percentage in event of fundamental change (as a percent)             100.00% 100.00%    
Number of trading days | d           60        
Proportion of conversion price (as a percent)               130.00%    
Redemption price (as a percent)               100.00%    
Stock counterparties to acquire with warrants purchased (in shares) | shares           20,700,000        
Proceeds from sale of warrants           $ 183,800,000        
Exercise price of warrants or rights (USD per share) | $ / shares           $ 49.60        
Conversion ratio           0.0243476        
Senior Notes | Senior Convertible Notes due 2023 | Designated as hedging instrument                    
Debt Instrument [Line Items]                    
Stock issued upon conversion of senior notes (shares) | shares           20,700,000        
Equity component of 2025 Notes issuance, net of issuance costs           $ 218,900,000        
Senior Notes | Senior Convertible Notes due 2023 | Term one | Minimum                    
Debt Instrument [Line Items]                    
Number of trading days | d               20    
Proportion of applicable conversion price (as a percent)               130.00%    
Senior Notes | Senior Convertible Notes due 2023 | Term one | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               30    
Senior Notes | Senior Convertible Notes due 2023 | Term two                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Senior Notes | Senior Convertible Notes due 2023 | Term two | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Proportion of applicable conversion price (as a percent)               98.00%    
Senior Notes | Senior Convertible Notes due 2023 | Subsequent Event                    
Debt Instrument [Line Items]                    
Debt instrument convertible principal amount exercised   $ 7,800,000                
Senior Notes | Senior Convertible Notes due 2023 | Common Stock                    
Debt Instrument [Line Items]                    
Repurchase and conversions of notes (in shares) | shares                   425,552
Senior Notes | Senior Convertible Notes due 2025                    
Debt Instrument [Line Items]                    
Interest rate on convertible notes (as a percent)         0.25%          
Total principal amount         $ 1,210,000,000   $ 1,207,500,000 $ 1,207,500,000   $ 1,207,500,000
Proceeds from Convertible Debt         $ 1,190,000,000          
Conversion price of convertible notes (USD per share) | $ / shares         $ 150.11          
Proportion of conversion price (as a percent)               130.00%    
Conversion ratio         0.006662          
Senior Notes | Senior Convertible Notes due 2025 | Term one | Minimum                    
Debt Instrument [Line Items]                    
Number of trading days | d               20    
Proportion of applicable conversion price (as a percent)               130.00%    
Senior Notes | Senior Convertible Notes due 2025 | Term one | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               30    
Senior Notes | Senior Convertible Notes due 2025 | Term two                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Senior Notes | Senior Convertible Notes due 2025 | Term two | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Proportion of applicable conversion price (as a percent)               98.00%    
Senior Notes | Senior Convertible Notes due 2028                    
Debt Instrument [Line Items]                    
Interest rate on convertible notes (as a percent)     0.375%              
Total principal amount     $ 1,250,000,000       1,250,000,000 $ 1,250,000,000   $ 0
Proceeds from Convertible Debt     $ 1,230,000,000              
Conversion price of convertible notes (USD per share) | $ / shares     $ 162.41              
Holder's repurchase price percentage in event of fundamental change (as a percent)     100.00%              
Proportion of conversion price (as a percent)               130.00%    
Redemption price (as a percent)               100.00%    
Conversion ratio     0.0061571              
Capped call, cap price (in dollars per share) | $ / shares $ 212.62                  
Sale of stock premium (Percentage) 80.00%                  
Closing stock price (USD per share) | $ / shares $ 118.12                  
Purchases of capped call transactions     $ 101,300,000              
Senior Notes | Senior Convertible Notes due 2028 | Term one | Minimum                    
Debt Instrument [Line Items]                    
Number of trading days | d               20    
Proportion of applicable conversion price (as a percent)               130.00%    
Senior Notes | Senior Convertible Notes due 2028 | Term one | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               30    
Senior Notes | Senior Convertible Notes due 2028 | Term two                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Senior Notes | Senior Convertible Notes due 2028 | Term two | Maximum                    
Debt Instrument [Line Items]                    
Number of trading days | d               5    
Proportion of applicable conversion price (as a percent)               98.00%    
Line of credit                    
Debt Instrument [Line Items]                    
Term of debt instrument       5 years            
Maximum borrowing capacity of revolving credit agreement             200,000,000 $ 200,000,000    
Option to increase revolving line of credit             $ 500,000,000 $ 500,000,000    
Line of credit | Minimum                    
Debt Instrument [Line Items]                    
Interest rate on convertible notes (as a percent)             0.375% 0.375%    
Unused capacity fee (as a percent)               0.175%    
Line of credit | Maximum                    
Debt Instrument [Line Items]                    
Interest rate on convertible notes (as a percent)             1.00% 1.00%    
Unused capacity fee (as a percent)               0.25%    
Line of credit | Federal Reserve Bank Of New York Rate (NYFRB)                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               0.50%    
Line of credit | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               1.00%    
Line of credit | Secured Overnight Financing Rate (SOFR) | Minimum                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               1.375%    
Line of credit | Secured Overnight Financing Rate (SOFR) | Maximum                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               2.00%    
Line of credit | Simple Risk Free Rate (RFR) | Minimum                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               0.0326%    
Line of credit | Simple Risk Free Rate (RFR) | Maximum                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)               0.10%