XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.21.1

Borrowings (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of March 31, 2021 (dollars in thousands):
|  | Balance |  |  | Weighted Average Effective Rate |  |  | Weighted Average Contract Maturity
Unsecured debt |  |  |  |  |  |  |  |  |  |
Variable rate commercial paper program |  | $ | 385,000 |  |  |  | 0.2 | % |  | 4/6/2021
Fixed rate senior notes |  |  | 3,922,000 |  |  |  | 3.6 | % |  | 1/27/2027
Debt issuance costs, discounts, premiums and fair market value adjustments |  |  | (15,668 | ) |  |  |  |  |  |
Total unsecured debt |  | $ | 4,291,332 |  |  |  | 3.3 | % |  |
Secured debt |  |  |  |  |  |  |  |  |  |
Fixed rate property mortgages |  | $ | 369,556 |  |  |  | 4.4 | % |  | 9/1/2048
Debt issuance costs |  |  | (3,303 | ) |  |  |  |  |  |
Total secured debt |  | $ | 366,253 |  |  |  | 4.4 | % |  |
Total outstanding debt |  | $ | 4,657,585 |  |  |  | 3.4 | % |  |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration