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LONG-TERM DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

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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