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Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

(in millions)			June 30, 2024						December 31, 2023
Unsecured Credit Facilities			$	5,811					$	3,080
Unsecured Notes			1,686						1,708
Secured Debt			1,840						4,188
Other			26						33
Total debt			9,363						9,009
Less current portion long-term debt			(39)						(24)
Less deferred financing costs			(19)						(23)
Less below-market debt			(5)						(6)
Plus above-market debt			2						2
Total long-term debt, net			$	9,302					$	8,958

Summary of Credit Agreement

The following table provides the details of the Credit Agreement:

			June 30, 2024												December 31, 2023
(in millions)			Contractual Interest Rate (1)			Borrowing Currency			Carrying Amount (USD)						Contractual Interest Rate (1)			Borrowing Currency			Carrying Amount (USD)
Term Loan A
USD			SOFR+1.60%			1,000			$	1,000					SOFR+1.60%			1,875			$	1,875
Revolving Credit Facility
USD			SOFR+1.60%			1,475			1,475						SOFR+1.60%			315			315
CAD			CDOR+1.60%			442			323						CDOR+1.60%			448			338
EUR			EURIBOR+1.60%			227			243						EURIBOR+1.60%			349			238
AUD			BBSW+1.60%			363			242						BBSW+1.60%			175			193
DKK			CIBOR+1.60%			487			70						CIBOR+1.60%			498			74
NZD			BKBM+1.60%			85			52						BKBM+1.60%			62			39
NOK			NIBOR+1.60%			65			6						NIBOR+1.60%			86			8
Total Revolving Credit Facility									$	2,411											$	1,205
1SOFR = for purpose of the above instruments, the term “SOFR” refers to the Term Secured Overnight Financing Rate plus 0.1% (or “Adjusted Term SOFR”), CDOR = Canadian Dollar Offered Rate, BBSW = Bank Bill Swap Rate, EURIBOR = Euro Interbank Offered Rate, CIBOR = Copenhagen Interbank Offered Rate, NIBOR = Norwegian Interbank Offered Rate, BKBM = Bank Bill Reference Rate

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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