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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2020 and 2019, long-term debt consisted of the following:
| December 31, 2020 |  | December 31, 2019
| (in thousands)
Long-term Debt |  |  |
3.800% senior notes due April 1, 2021 | $ | 752,199 |  |  | $ | 760,996 |
3.750% senior notes due June 1, 2023 | 562,258 |  |  | 567,330 |
4.000% senior notes due June 1, 2023 | 565,930 |  |  | 572,522 |
2.650% senior notes due February 15, 2025 | 993,110 |  |  | 991,423 |
4.800% senior notes due April 1, 2026 | 809,324 |  |  | 820,623 |
4.450% senior notes due June 1, 2028 | 482,588 |  |  | 486,982 |
3.200% senior notes due August 15, 2029 | 1,236,424 |  |  | 1,234,843 |
2.900% senior notes due May 15, 2030 | 989,025 |  |  | — |
4.150% senior notes due August 15, 2049 | 739,789 |  |  | 739,431 |
Unsecured term loan facility | 1,985,776 |  |  | 1,981,758 |
Unsecured revolving credit facility | 36,000 |  |  | 903,000 |
Finance lease liabilities | 75,989 |  |  | 32,996 |
Other borrowings | 65,352 |  |  | 33,597 |
Total long-term debt | 9,293,764 |  |  | 9,125,501 |
Less current portion | 827,357 |  |  | 35,137 |
Long-term debt, excluding current portion | $ | 8,466,407 |  |  | $ | 9,090,364 |
Schedule of Maturities of Long-Term Debt | At December 31, 2020, maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands):
Year ending December 31, |
2021 | $ | 806,834 |
2022 | 58,403 |
2023 | 1,300,000 |
2024 | 1,786,000 |
2025 | 1,000,000 |
2026 and thereafter | 4,200,000 |
Total | $ | 9,151,237 |
Schedule of Derivative Instruments | The table below presents information about our derivative financial instruments as of December 31, 2020 and 2019:
|  |  |  | Weighted-Average Fixed Rate of Interest at |  | Range of Maturity Dates at |  | Fair Value
Derivative Financial Instruments |  | Balance Sheet Location |  | December 31, 2020 |  | December 31, 2020 |  | December 31, 2020 |  | December 31, 2019
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $250 million a t December 31, 2019) |  | Prepaid expenses and other current assets |  | N/A |  | N/A |  | $ | — |  |  | $ | 472 |
Interest rate swaps (Notional of $300 million at December 31, 2020) |  | AP & accrued liabilities |  | 1.91% |  | March 31, 2021 |  | $ | 1,330 |  |  | $ | — |
Interest rate swaps (Notional of $1,250 million at December 31, 2020 and $1,550 million at December 31, 2019) |  | Other noncurrent liabilities |  | 2.73% |  | December 31, 2022 |  | $ | 65,490 |  |  | $ | 45,604 |
Schedule of Effects of Derivatives on Consolidated Statements of Income and Comprehensive Income | 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, 2020, 2019 and 2018:
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
| (in thousands)
Net unrealized losses recognized in other comprehensive loss | $ | (52,742) |  |  | $ | (90,238) |  |  | $ | (7,553) |
Net unrealized losses (gains) reclassified out of other comprehensive loss to interest expense | $ | 36,510 |  |  | $ | 2,257 |  |  | $ | (4,792) |

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