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LONG-TERM DEBT, NET (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of:
June 30, 2024December 31, 2023
(In thousands)
Credit Facility due March 20, 2029(a)
$— $— 
Term Loan due February 13, 2027
425,000 425,000 
5.00% Senior Notes due December 15, 2027 (the “5.00% Senior Notes”); interest payable each June 15 and December 15
450,000 450,000 
4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”); interest payable each June 1 and December 1
500,000 500,000 
5.625% Senior Notes due February 15, 2029 (the “5.625% Senior Notes”); interest payable each February 15 and August 15
350,000 350,000 
4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”); interest payable each February 1 and August 1
500,000 500,000 
3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”); interest payable each April 1 and October 1
500,000 500,000 
0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026 Exchangeable Notes”); interest payable each June 15 and December 15
575,000 575,000 
2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030 Exchangeable Notes”); interest payable each January 15 and July 15
575,000 575,000 
Total debt3,875,000 3,875,000 
Less: Unamortized original issue discount
3,023 3,479 
Less: Unamortized debt issuance costs26,406 29,279 
Total long-term debt, net$3,845,571 $3,842,242 
______________________
(a)Subject to springing maturity, described below.
The following table presents details of the exchangeable features:
Number of shares of the Company’s Common Stock into which each $1,000 of Principal of the Exchangeable Notes is Exchangeable(a)
Approximate Equivalent Exchange Price per Share(a)
Exchangeable Date
2026 Exchangeable Notes11.4259$87.52 March 15, 2026
2030 Exchangeable Notes11.8739$84.22 October 15, 2029
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Exchangeable Notes Hedges and Warrants
The following table sets forth the components of the outstanding Exchangeable Notes as of June 30, 2024 and December 31, 2023:
June 30, 2024December 31, 2023
2026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Principal$575,000 $575,000 $575,000 $575,000 
Less: Unamortized debt issuance costs3,180 6,114 3,976 6,630 
Net carrying value included in long-term debt, net$571,820 $568,886 $571,024 $568,370 
The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding at June 30, 2024:
Number of Shares(a)
Approximate Equivalent Exchange Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Hedge6.6$87.52 
2030 Exchangeable Notes Hedge6.8$84.22 
Number of Shares(a)
Weighted Average Strike Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Warrants6.6$134.76 
2030 Exchangeable Notes Warrants6.8$134.82 
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Interest Expense, Exchangeable Notes
The following table sets forth interest expense recognized related to the Exchangeable Notes:
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
2026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Contractual interest expense$1,258 $2,875 $1,258 $2,875 
Amortization of debt issuance costs398 258 395 254 
Total interest expense recognized$1,656 $3,133 $1,653 $3,129 
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
2026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Contractual interest expense$2,516 $5,750 $2,516 $5,750 
Amortization of debt issuance costs796 516 786 504 
Total interest expense recognized$3,312 $6,266 $3,302 $6,254