XML 53 R36.htm IDEA: XBRL DOCUMENT v3.22.4
LONG-TERM DEBT AND LINES OF CREDIT (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
As of December 31, 2022 and 2021, long-term debt consisted of the following:

December 31, 2022December 31, 2021
(in thousands)
Long-term Debt
3.750% senior notes due June 1, 2023
$552,113 $557,186 
4.000% senior notes due June 1, 2023
552,747 559,338 
1.500% senior notes due November 15, 2024
498,164 497,185 
2.650% senior notes due February 15, 2025
996,485 994,797 
1.200% senior notes due March 1, 2026
1,093,932 1,092,016 
4.800% senior notes due April 1, 2026
786,724 798,024 
2.150% senior notes due January 15, 2027
744,945 743,695 
4.950% senior notes due August 15, 2027
495,463 — 
4.450% senior notes due June 1, 2028
473,800 478,194 
3.200% senior notes due August 15, 2029
1,239,588 1,238,006 
5.300% senior notes due August 15, 2029
495,362 — 
2.900% senior notes due May 15, 2030
991,367 990,196 
2.900% senior notes due November 15, 2031
742,555 741,716 
5.400% senior notes due August 15, 2032
742,085 — 
4.150% senior notes due August 15, 2049
740,503 740,146 
5.950% senior notes due August 15, 2052
738,177 — 
1.000% convertible notes due August 15, 2029
1,445,225 — 
Unsecured term loan facility (outstanding under our Prior Credit Facility)— 1,989,793 
Unsecured revolving credit facility— — 
Finance lease liabilities32,435 64,421 
Other borrowings96,908 8,601 
Total long-term debt13,458,578 11,493,314 
Less current portion1,169,330 78,505 
Long-term debt, excluding current portion$12,289,248 $11,414,809 
Schedule of Maturities of Long-Term Debt
At December 31, 2022, future maturities of long-term debt (excluding finance lease liabilities) are as follows by year (in thousands):

Year ending December 31,
2023$1,151,564 
2024545,321 
20251,000,000 
20261,850,000 
20271,250,000 
2028 and thereafter7,700,000 
Total$13,496,885 
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 years ended December 31, 2022, 2021 and 2020:

Years Ended December 31,
202220212020
(in thousands)
Net unrealized gains (losses) recognized in other comprehensive loss$12,915 $3,425 $(52,742)
Net unrealized losses reclassified out of other comprehensive loss to interest expense$21,327 $40,094 $36,510