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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | As of March 31, 2022 and December 31, 2021, long-term debt consisted of the following:
| March 31, 2022 |  | December 31, 2021
| (in thousands)
3.750% senior notes due June 1, 2023 | $ | 555,918 |  |  | $ | 557,186 |
4.000% senior notes due June 1, 2023 | 557,690 |  |  | 559,338 |
1.500% senior notes due November 15, 2024 | 497,430 |  |  | 497,185 |
2.650% senior notes due February 15, 2025 | 995,219 |  |  | 994,797 |
1.200% senior notes due March 1, 2026 | 1,092,495 |  |  | 1,092,016 |
4.800% senior notes due April 1, 2026 | 795,199 |  |  | 798,024 |
2.150% senior notes due January 15, 2027 | 744,008 |  |  | 743,695 |
4.450% senior notes due June 1, 2028 | 477,096 |  |  | 478,194 |
3.200% senior notes due August 15, 2029 | 1,238,401 |  |  | 1,238,006 |
2.900% senior notes due May 15, 2030 | 990,489 |  |  | 990,196 |
2.900% senior notes due November 15, 2031 | 741,926 |  |  | 741,716 |
4.150% senior notes due August 15, 2049 | 740,235 |  |  | 740,146 |
Unsecured term loan facility | 1,990,797 |  |  | 1,989,793 |
Unsecured revolving credit facility | 370,000 |  |  | — |
Finance lease liabilities | 56,895 |  |  | 64,421 |
Other borrowings | 226 |  |  | 8,601 |
Total long-term debt | 11,844,024 |  |  | 11,493,314 |
Less current portion | 120,226 |  |  | 78,505 |
Long-term debt, excluding current portion | $ | 11,723,798 |  |  | $ | 11,414,809 |
Schedule of Maturities of Long-Term Debt | At March 31, 2022, future maturities of long-term debt (excluding finance lease liabilities) are as follows by year (in thousands):
Year Ending December 31, |
2022 | $ | 50,173 |
2023 | 1,300,000 |
2024 | 2,620,000 |
2025 | 1,000,000 |
2026 | 1,850,000 |
2027 | 750,000 |
2028 and thereafter | 4,200,000 |
Total | $ | 11,770,173 |
Schedule of Derivative Instruments | The table below presents information about 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 March 31, 2022 |  | Range of Maturity Dates at March 31, 2022 |  | March 31, 2022 |  | December 31, 2021
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $1,250 million at March 31, 2022 and December 31, 2021) |  | Accounts payable and accrued liabilities |  | 2.73% |  | December 31, 2022 |  | $ | 11,765 |  |  | $ | 28,777 |
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 statements of comprehensive income for the three months ended March 31, 2022 and 2021:
| Three Months Ended
| March 31, 2022 |  | March 31, 2021
| (in thousands)
Net unrealized gains recognized in other comprehensive income (loss) | $ | 8,934 |  |  | $ | 994 |
Net unrealized losses reclassified out of other comprehensive income (loss) to interest expense | $ | 9,445 |  |  | $ | 10,838 |

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