XML 85 R70.htm IDEA: XBRL DOCUMENT
v3.19.1

Debt - Bank Line of Credit and Term Loan (Details) £ in Millions |  | 1 Months Ended | 3 Months Ended |  |
--- | --- | --- | --- | --- | ---
Jul. 03, 2018 USD ($) | Jul. 03, 2018 GBP (£) | Nov. 30, 2018 USD ($) | Mar. 31, 2019 USD ($) renewal_option | Mar. 31, 2018 USD ($) | Mar. 31, 2019 GBP (£) renewal_option | Dec. 31, 2018 USD ($)
Debt Instrument |  |  |  |  |  |  |
Bank line of credit |  |  |  | $ 276,500,000 |  |  | $ 80,103,000
Repayment under bank line of credit |  |  |  | $ 125,000,000 | $ 170,000,000 |  |
Term loan |  |  |  |  |  |  | $ 0
2015 Term Loan |  |  |  |  |  |  |
Debt Instrument |  |  |  |  |  |  |
Repayment under bank line of credit | £ |  | £ 169 |  |  |  |  |
Repayments of debt |  |  | $ 224,000,000 |  |  |  |
2018 term loan |  |  |  |  |  |  |
Debt Instrument |  |  |  |  |  |  |
Issuance and borrowings of debt, excluding bank line of credit | $ 224,000,000 |  |  |  |  |  |
Line of Credit and Term Loan |  |  |  |  |  |  |
Debt Instrument |  |  |  |  |  |  |
Debt instrument, covenant debt to assets (as a percent) |  |  |  | 60.00% |  | 60.00% |
Debt instrument, covenant secured debt to assets (as a percent) |  |  |  | 30.00% |  | 30.00% |
Debt instrument, covenant unsecured debt to unencumbered assets (as a percent) |  |  |  | 60.00% |  | 60.00% |
Debt instrument, covenant minimum fixed charge coverage ratio |  |  |  | 1.5 |  | 1.5 |
Debt instrument, covenant net worth |  |  |  | $ 6,500,000,000 |  |  |
Bank Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | $ 2,000,000,000.0 |  |  |
Number of extensions | renewal_option |  |  |  | 2 |  | 2 |
Length of debt instrument extension period |  |  |  | 6 months |  |  |
Debt instrument, facility fee (as a percent) |  |  |  | 0.15% |  |  |
Line of credit facility additional aggregate amount, maximum |  |  |  | $ 750,000,000 |  |  |
Bank line of credit |  |  |  | 277,000,000 |  |  |
Debt denominated in foreign currency outstanding |  |  |  | $ 72,000,000 |  | £ 55 |
Weighted-average interest rate (as a percent) |  |  |  | 3.20% |  | 3.20% |
Bank Line of Credit | Revolving Credit Facility | LIBOR |  |  |  |  |  |  |
Debt Instrument |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate (as a percent) |  |  |  | 0.875% |  |  |

X
- Definition The limit of the ratio of Consolidated Total Indebtedness to Consolidated Total Asset Value contained in the debt covenants. + References No definition available. + Details
Name: | hcp_DebtInstrumentCovenantDebtToAssets
Namespace Prefix: | hcp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The required minimum Fixed Charge Coverage ratio contained in the debt covenants. + References No definition available. + Details
Name: | hcp_DebtInstrumentCovenantFixedChargeRatioMinimum
Namespace Prefix: | hcp_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition The required Minimum Consolidated Tangible Net Worth contained in the debt covenants. + References No definition available. + Details
Name: | hcp_DebtInstrumentCovenantNetWorth
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The limit of the ratio of Secured Debt to Consolidated Total Asset Value contained in the debt covenants. + References No definition available. + Details
Name: | hcp_DebtInstrumentCovenantSecuredDebtToAssets
Namespace Prefix: | hcp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The limit of the ratio of Unsecured Debt to Consolidated Unencumbered Asset Value contained in the debt covenants. + References No definition available. + Details
Name: | hcp_DebtInstrumentCovenantUnsecuredDebtToUnencumberedAssets
Namespace Prefix: | hcp_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Number of Extensions + References No definition available. + Details
Name: | hcp_DebtInstrumentNumberofExtensions
Namespace Prefix: | hcp_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the length of the debt instrument extension period. + References No definition available. + Details
Name: | hcp_DebtInstrumentPeriodOfExtension
Namespace Prefix: | hcp_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The portion of the outstanding balance of the debt that is denominated in a foreign currency. + References No definition available. + Details
Name: | hcp_DebtInstrumentPortionDenominatedInForeignCurrency
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This element represents the maximum additional borrowing capacity available under the credit facility, subject to customary conditions. + References No definition available. + Details
Name: | hcp_LineOfCreditFacilityAdditionalAvailableBorrowingCapacityMaximum
Namespace Prefix: | hcp_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
Name: | us-gaap_DebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of loans from a bank with maturities initially due after one year or beyond the normal operating cycle if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)(a)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_LoansPayableToBank
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash inflow from bank borrowing during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromBankDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_RepaymentsOfLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hcp_TermLoan2015Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hcp_TermLoan2018Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hcp_LineOfCreditAndTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |