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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | As of September 30, 2019 and December 31, 2018, long-term debt consisted of the following:
| September 30, 2019 |  | December 31, 2018
| (in thousands)
Long-term Debt |  |  |
3.800% senior notes due April 1, 2021 | $ | 763,194 |  |  | $ | — |
3.750% senior notes due June 1, 2023 | 568,598 |  |  | — |
4.000% senior notes due June 1, 2023 | 574,170 |  |  | — |
2.650% senior notes due February 15, 2025 | 991,090 |  |  | — |
4.800% senior notes due April 1, 2026 | 823,448 |  |  | — |
4.450% senior notes due June 1, 2028 | 488,081 |  |  | — |
3.200% senior notes due August 15, 2029 | 1,234,560 |  |  | — |
4.150% senior notes due August 15, 2049 | 739,410 |  |  | — |
Unsecured term loan facility | 1,980,886 |  |  | — |
Unsecured revolving credit facility | 783,000 |  |  | — |
Secured term loans (outstanding under our Prior Credit Facility) | — |  |  | 4,426,243 |
Secured revolving credit facility (outstanding under our Prior Credit Facility) | — |  |  | 704,000 |
Finance lease liabilities | 34,266 |  |  | — |
Other borrowings | 40,374 |  |  | — |
Total long-term debt | 9,021,077 |  |  | 5,130,243 |
Less current portion | 33,373 |  |  | 115,075 |
Long-term debt, excluding current portion | $ | 8,987,704 |  |  | $ | 5,015,168 |
Schedule of Maturities of Long-Term Debt | At September 30, 2019, maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands):
Year ending December 31, |
Remainder of 2019 | $ | 11,536 |
2020 | 22,953 |
2021 | 754,906 |
2022 | 50,038 |
2023 | 1,300,000 |
2024 | 2,533,000 |
2025 and thereafter | 4,200,000 |
Total | $ | 8,872,433 |
See "Note 5—Leases" for more information about our finance lease liabilities, including maturities.
Schedule of Derivative Instruments | The table below presents the fair values of our derivative financial instruments, designated as cash flow hedges, included in the consolidated balance sheets:
|  |  |  |  |  |  |  | Fair Values
Derivative Financial Instruments |  | Balance Sheet Location |  | Weighted-Average Fixed Rate of Interest at September 30, 2019 |  | Range of Maturity Dates at September 30, 2019 |  | September 30, 2019 |  | December 31, 2018
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $500 million at September 30, 2019 and $750 million at December 31, 2018) |  | Prepaid expenses and other current assets |  | 1.46% |  | December 31, 2019 - July 31, 2020 |  | $ | 950 |  |  | $ | 3,200 |
Interest rate swaps (Notional of $550 million at December 31, 2018) |  | Other noncurrent assets |  | NA |  | NA |  | $ | — |  |  | $ | 8,256 |
Interest rate swaps (Notional of $1.5 billion at September 30, 2019 and $950 million at December 31, 2018) |  | Other noncurrent liabilities |  | 2.57% |  | March 31, 2021 - December 31, 2022 |  | $ | 55,238 |  |  | $ | 14,601 |
Schedule of Derivative Instrument Effect on Other Comprehensive Income (Loss) | The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income for the three and nine months ended September 30, 2019 and 2018:
| Three Months Ended |  | Nine Months Ended
| September 30, 2019 |  | September 30, 2018 |  | September 30, 2019 |  | September 30, 2018
| (in thousands)
Net unrealized (losses) gains recognized in other comprehensive loss | $ | (40,265 | ) |  | $ | 1,845 |  |  | $ | (96,997 | ) |  | $ | 12,353 |
Net unrealized losses (gains) reclassified out of other comprehensive loss to interest expense | $ | 1,193 |  |  | $ | (1,663 | ) |  | $ | (1,530 | ) |  | $ | (2,830 | )

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