v3.22.1

Debt and Interest Expense (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt Instruments [Abstract] |
Debt Outstanding and Debt Activity Tables | The following table presents the outstanding debt:
|  | March 31, 2022 |  | December 31, 2021
thousands |  | Principal |  | Carrying Value |  | Fair Value (1) |  | Principal |  | Carrying Value |  | Fair Value (1)
Short-term debt |  |  |  |  |  |  |  |  |  |  |  |
4.000% Senior Notes due 2022 |  | $ | 502,246 |  |  | $ | 502,192 |  |  | $ | 502,250 |  |  | $ | 502,246 |  |  | $ | 502,138 |  |  | $ | 505,153 |
Floating-Rate Senior Notes due 2023 |  | 213,138 |  |  | 212,760 |  |  | 212,425 |  |  | — |  |  | — |  |  | — |
Finance lease liabilities |  | 3,201 |  |  | 3,201 |  |  | 3,201 |  |  | 3,794 |  |  | 3,794 |  |  | 3,794 |
Total short-term debt |  | $ | 718,585 |  |  | $ | 718,153 |  |  | $ | 717,876 |  |  | $ | 506,040 |  |  | $ | 505,932 |  |  | $ | 508,947 |
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |
Floating-Rate Senior Notes due 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 213,138 |  |  | $ | 212,642 |  |  | $ | 213,072 |
3.100% Senior Notes due 2025 |  | 732,106 |  |  | 728,404 |  |  | 728,061 |  |  | 732,106 |  |  | 728,096 |  |  | 764,815 |
3.950% Senior Notes due 2025 |  | 399,163 |  |  | 396,149 |  |  | 402,063 |  |  | 399,163 |  |  | 395,928 |  |  | 418,506 |
4.650% Senior Notes due 2026 |  | 474,242 |  |  | 471,761 |  |  | 485,982 |  |  | 474,242 |  |  | 471,629 |  |  | 516,473 |
4.500% Senior Notes due 2028 |  | 400,000 |  |  | 396,281 |  |  | 407,380 |  |  | 400,000 |  |  | 396,145 |  |  | 437,673 |
4.750% Senior Notes due 2028 |  | 400,000 |  |  | 397,037 |  |  | 413,219 |  |  | 400,000 |  |  | 396,938 |  |  | 444,550 |
4.050% Senior Notes due 2030 |  | 1,200,000 |  |  | 1,190,584 |  |  | 1,201,380 |  |  | 1,200,000 |  |  | 1,190,339 |  |  | 1,323,595 |
5.450% Senior Notes due 2044 |  | 600,000 |  |  | 593,769 |  |  | 609,529 |  |  | 600,000 |  |  | 593,733 |  |  | 717,804 |
5.300% Senior Notes due 2048 |  | 700,000 |  |  | 687,321 |  |  | 694,990 |  |  | 700,000 |  |  | 687,265 |  |  | 844,223 |
5.500% Senior Notes due 2048 |  | 350,000 |  |  | 342,689 |  |  | 347,087 |  |  | 350,000 |  |  | 342,659 |  |  | 418,907 |
5.250% Senior Notes due 2050 |  | 1,000,000 |  |  | 983,765 |  |  | 982,278 |  |  | 1,000,000 |  |  | 983,709 |  |  | 1,183,514 |
Finance lease liabilities |  | 990 |  |  | 990 |  |  | 990 |  |  | 1,533 |  |  | 1,533 |  |  | 1,533 |
Total long-term debt |  | $ | 6,256,501 |  |  | $ | 6,188,750 |  |  | $ | 6,272,959 |  |  | $ | 6,470,182 |  |  | $ | 6,400,616 |  |  | $ | 7,284,665 |
_________________________________________________________________________________________ (1)Fair value is measured using the market approach and Level-2 fair value inputs. 9. DEBT AND INTEREST EXPENSE Debt activity. The following table presents the debt activity for the three months ended March 31, 2022:
thousands |  | Carrying Value
Balance at December 31, 2021 |  | $ | 6,906,548 |
Finance lease liabilities |  | (1,135) |
Other |  | 1,490 |
Balance at March 31, 2022 |  | $ | 6,906,903 |
Interest Expense Table | The following table summarizes the amounts included in interest expense:
|  |  |  | Three Months Ended March 31, |  |
thousands |  |  |  |  |  | 2022 |  | 2021 |  |
Long-term and short-term debt |  |  |  |  |  | $ | (83,428) |  |  | $ | (95,722) |  |  |
Finance lease liabilities |  |  |  |  |  | (42) |  |  | (298) |  |  |
Commitment fees and amortization of debt-related costs |  |  |  |  |  | (3,032) |  |  | (3,338) |  |  |
Capitalized interest |  |  |  |  |  | 1,047 |  |  | 865 |  |  |
Interest expense |  |  |  |  |  | $ | (85,455) |  |  | $ | (98,493) |  |  |

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- 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
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