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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2019 and 2018, long-term debt consisted of the following:
| December 31, 2019 |  | December 31, 2018
| (in thousands)
Long-term Debt |  |  |
3.800% senior notes due April 1, 2021 | $ | 760,996 |  |  | $ | — |
3.750% senior notes due June 1, 2023 | 567,330 |  |  | — |
4.000% senior notes due June 1, 2023 | 572,522 |  |  | — |
2.650% senior notes due February 15, 2025 | 991,423 |  |  | — |
4.800% senior notes due April 1, 2026 | 820,623 |  |  | — |
4.450% senior notes due June 1, 2028 | 486,982 |  |  | — |
3.200% senior notes due August 15, 2029 | 1,234,843 |  |  | — |
4.150% senior notes due August 15, 2049 | 739,431 |  |  | — |
Unsecured term loan facility | 1,981,758 |  |  | — |
Unsecured revolving credit facility | 903,000 |  |  | — |
Secured term loans | — |  |  | 4,426,243 |
Secured revolving credit facility | — |  |  | 704,000 |
Finance lease liabilities | 32,996 |  |  | — |
Other borrowings | 33,597 |  |  | — |
Total long-term debt | 9,125,501 |  |  | 5,130,243 |
Less current portion | 35,137 |  |  | 115,075 |
Long-term debt, excluding current portion | $ | 9,090,364 |  |  | $ | 5,015,168 |
Schedule of Maturities of Long-Term Debt | At December 31, 2019, maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands):
Years ending December 31, |
2020 | $ | 28,512 |
2021 | 754,906 |
2022 | 50,038 |
2023 | 1,300,000 |
2024 | 2,653,000 |
2025 and thereafter | 4,200,000 |
Total | $ | 8,986,456 |
Schedule of Derivative Instruments | The table below presents information about our derivative financial instruments as of December 31, 2019 and 2018:
|  |  |  | Weighted-Average Fixed Rate of Interest at |  | Range of Maturity Dates at |  | Fair Values at December 31,
Derivative Financial Instruments |  | Balance Sheet Location |  | December 31, 2019 |  | December 31, 2019 |  | 2019 |  | 2018
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $250 million at December 31, 2019 and $750 million at December 31, 2018) |  | Prepaid expenses and other current assets |  | 1.34% |  | July 31, 2020 |  | $ | 472 |  |  | $ | 3,200 |
Interest rate swaps (Notional of $550 million at December 31, 2018) |  | Other noncurrent assets |  | N/A |  | N/A |  | $ | — |  |  | $ | 8,256 |
Interest rate swaps (Notional of $1,550 million at December 31, 2019 and $950 million at December 31, 2018) |  | Other noncurrent liabilities |  | 2.57% |  | March 31, 2021 - December 31, 2022 |  | $ | 45,604 |  |  | $ | 14,601 |
Schedule of Derivative Instruments, 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 years ended December 31, 2019, 2018 and 2017:
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (in thousands)
Net unrealized gains (losses) recognized in other comprehensive loss | $ | (90,238 | ) |  | $ | (7,553 | ) |  | $ | 4,549 |
Net unrealized losses (gains) reclassified out of other comprehensive loss to interest expense | $ | 2,257 |  |  | $ | (4,792 | ) |  | $ | 5,673 |

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