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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt [Abstract] |
Schedule of Principal Values, Fair Values, and Carrying Values of Debt |
|  |  |  | As of |  | As of
|  |  |  | March 31, 2021 |  | December 31, 2020
|  | Maturity Date |  | Principal ‎Balance |  | Fair Value |  | Carrying ‎Value |  | Principal ‎Balance |  | Fair Value |  | Carrying ‎Value
Revolving Credit Facility |  | Apr. 11, 2023 |  | $ | 590,000 |  | $ | 590,000 |  | $ | 590,000 |  | $ | 380,000 |  | $ | 380,000 |  | $ | 380,000
2018 Term Loan |  | Apr. 11, 2025 |  |  | 2,334,000 |  |  | 2,301,908 |  |  | 2,320,200 |  |  | 2,340,000 |  |  | 2,310,750 |  |  | 2,325,391
2013-2C Tower Securities (1) |  | Apr. 11, 2023 |  |  | 575,000 |  |  | 590,841 |  |  | 572,370 |  |  | 575,000 |  |  | 599,662 |  |  | 572,063
2014-2C Tower Securities (1) |  | Oct. 8, 2024 |  |  | 620,000 |  |  | 655,185 |  |  | 616,368 |  |  | 620,000 |  |  | 670,003 |  |  | 616,131
2017-1C Tower Securities (1) |  | Apr. 11, 2022 |  |  | 760,000 |  |  | 767,532 |  |  | 757,703 |  |  | 760,000 |  |  | 774,410 |  |  | 757,165
2018-1C Tower Securities (1) |  | Mar. 9, 2023 |  |  | 640,000 |  |  | 660,928 |  |  | 636,481 |  |  | 640,000 |  |  | 671,341 |  |  | 636,045
2019-1C Tower Securities (1) |  | Jan. 12, 2025 |  |  | 1,165,000 |  |  | 1,192,249 |  |  | 1,155,684 |  |  | 1,165,000 |  |  | 1,218,613 |  |  | 1,155,106
2020-1C Tower Securities (1) |  | Jan. 9, 2026 |  |  | 750,000 |  |  | 734,505 |  |  | 743,050 |  |  | 750,000 |  |  | 752,910 |  |  | 742,782
2020-2C Tower Securities (1) |  | Jan. 11, 2028 |  |  | 600,000 |  |  | 571,254 |  |  | 594,215 |  |  | 600,000 |  |  | 597,840 |  |  | 594,081
2016 Senior Notes |  | Sep. 1, 2024 |  |  | 1,100,000 |  |  | 1,124,871 |  |  | 1,089,616 |  |  | 1,100,000 |  |  | 1,127,500 |  |  | 1,088,924
2017 Senior Notes |  | Oct. 1, 2022 |  |  | — |  |  | — |  |  | — |  |  | 750,000 |  |  | 757,500 |  |  | 746,642
2020 Senior Notes |  | Feb. 15, 2027 |  |  | 1,500,000 |  |  | 1,533,975 |  |  | 1,482,131 |  |  | 1,500,000 |  |  | 1,567,500 |  |  | 1,481,466
2021 Senior Notes |  | Feb. 1, 2029 |  |  | 1,500,000 |  |  | 1,445,625 |  |  | 1,485,939 |  |  | — |  |  | — |  |  | —
Total debt |  |  |  | $ | 12,134,000 |  | $ | 12,168,873 |  | $ | 12,043,757 |  | $ | 11,180,000 |  | $ | 11,428,029 |  | $ | 11,095,796
Less: current maturities of long-term debt |  |  |  |  |  | (24,000) |  |  |  |  |  |  |  |  | (24,000)
Total long-term debt, net of current maturities |  |  |  |  | $ | 12,019,757 |  |  |  |  |  |  |  | $ | 11,071,796
(1)The maturity date represents the anticipated repayment date for each issuance.
Schedule of Cash and Non-Cash Interest Expense |
|  | Interest |  | For the three months ended March 31,
|  | Rates as of |  | 2021 |  | 2020
|  | March 31, |  | Cash |  | Non-cash |  | Cash |  | Non-cash
|  | 2021 |  | Interest |  | Interest |  | Interest |  | Interest
Revolving Credit Facility |  | 1.590% |  | $ | 2,148 |  | $ | — |  | $ | 2,714 |  | $ | —
2018 Term Loan (1) |  | 1.872% |  |  | 10,997 |  |  | 11,434 |  |  | 22,203 |  |  | 2,022
2013-2C Tower Securities |  | 3.722% |  |  | 5,396 |  |  | — |  |  | 5,396 |  |  | —
2014-2C Tower Securities |  | 3.869% |  |  | 6,046 |  |  | — |  |  | 6,046 |  |  | —
2015-1C Tower Securities |  | 3.156% |  |  | — |  |  | — |  |  | 3,985 |  |  | —
2016-1C Tower Securities |  | 2.877% |  |  | — |  |  | — |  |  | 5,090 |  |  | —
2017-1C Tower Securities |  | 3.168% |  |  | 6,085 |  |  | — |  |  | 6,085 |  |  | —
2018-1C Tower Securities |  | 3.448% |  |  | 5,570 |  |  | — |  |  | 5,570 |  |  | —
2019-1C Tower Securities |  | 2.836% |  |  | 8,357 |  |  | — |  |  | 8,357 |  |  | —
2020-1C Tower Securities |  | 1.884% |  |  | 3,598 |  |  | — |  |  | — |  |  | —
2020-2C Tower Securities |  | 2.328% |  |  | 3,540 |  |  | — |  |  | — |  |  | —
2014 Senior Notes |  | 4.875% |  |  | — |  |  | — |  |  | 3,352 |  |  | 112
2016 Senior Notes |  | 4.875% |  |  | 13,406 |  |  | 286 |  |  | 13,406 |  |  | 272
2017 Senior Notes |  | 4.000% |  |  | 2,333 |  |  | — |  |  | 7,500 |  |  | —
2020 Senior Notes |  | 3.875% |  |  | 14,531 |  |  | 84 |  |  | 6,135 |  |  | —
2021 Senior Notes |  | 3.125% |  |  | 8,073 |  |  | — |  |  | — |  |  | —
Other |  |  |  |  | 15 |  |  | — |  |  | 12 |  |  | —
Total |  |  |  | $ | 90,095 |  | $ | 11,804 |  | $ | 95,851 |  | $ | 2,406
(1)The 2018 Term Loan has a blended rate of 1.872%, which includes the impact of the interest rate swap entered into on August 4, 2020, which swapped $1.95 billion of notional value accruing interest at one month LIBOR plus 175 basis points for a fixed rate of 1.874% per annum through the maturity date of the 2018 Term Loan. Excluding the impact of the interest rate swap, the 2018 Term Loan was accruing interest at 1.860% as of March 31, 2021. Refer to Note 17 for more information on the Company’s interest rate swap.

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