XML 66 R42.htm IDEA: XBRL DOCUMENT v3.25.2
Debt Financing - Narrative (Details)
1 Months Ended 6 Months Ended
Jan. 21, 2025
USD ($)
Apr. 30, 2025
USD ($)
Jan. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
aircraft
Jun. 30, 2025
USD ($)
facility
aircraft
Jun. 30, 2024
USD ($)
Aug. 04, 2025
USD ($)
May 30, 2025
USD ($)
May 05, 2025
USD ($)
Debt Instrument [Line Items]                  
Composite interest rate       4.14% 4.28%        
Debt outstanding       $ 20,389,907,000 $ 20,478,032,000        
Proceeds from debt financings         433,074,000 $ 3,024,408,000      
Senior unsecured securities                  
Debt Instrument [Line Items]                  
Debt outstanding       16,046,662,000 14,718,630,000        
Proceeds from debt financings         0        
Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Debt outstanding       170,000,000 $ 0        
Maximum borrowing capacity                 $ 8,200,000,000
Interest margin         1.05%        
Facility fee         0.20%        
Increase in maximum borrowing capacity               $ 250,000,000  
Revolving Credit Facility | Subsequent Event                  
Debt Instrument [Line Items]                  
Line of credit, noncurrent             $ 8,400,000,000    
Revolving Credit Facility | Mature May 5, 2029 | Subsequent Event                  
Debt Instrument [Line Items]                  
Line of credit, noncurrent             8,000,000,000    
Revolving Credit Facility | Mature May 5, 2028 | Subsequent Event                  
Debt Instrument [Line Items]                  
Line of credit, noncurrent             125,000,000    
Revolving Credit Facility | Mature May 5, 2027 | Subsequent Event                  
Debt Instrument [Line Items]                  
Line of credit, noncurrent             25,000,000    
Revolving Credit Facility | Mature May 5, 2026 | Subsequent Event                  
Debt Instrument [Line Items]                  
Line of credit, noncurrent             $ 210,000,000    
Tranche B                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity   $ 250,000,000              
Other revolving credit facilities                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 0 $ 400,000,000        
Number of unsecured revolving credit facilities | facility         2        
Three-Month Term SOFR                  
Debt Instrument [Line Items]                  
Debt outstanding         $ 200,000,000        
Interest margin         1.25%        
Two-Month Term SOFR                  
Debt Instrument [Line Items]                  
Debt outstanding         $ 200,000,000        
Interest margin         1.05%        
Unsecured Term Loan Due 2026 | Total unsecured debt financing                  
Debt Instrument [Line Items]                  
Interest margin     1.15%            
Aggregate principal amount     $ 100,000,000            
Debt instrument, term     1 year            
Credit spread adjustment     0.10%            
Unsecured Term Loan Due 2027 | Total unsecured debt financing                  
Debt Instrument [Line Items]                  
Interest margin   1.03%              
Aggregate principal amount   $ 200,000,000              
Unsecured Term Loan Due December 2027 | Total unsecured debt financing                  
Debt Instrument [Line Items]                  
Interest margin       1.125%          
Aggregate principal amount       $ 966,500,000          
Debt instrument, term       3 years          
Additional commitments   $ 33,500,000              
Term financings                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 3,628,600,000 $ 3,893,200,000        
Secured Debt                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 544,645,000 $ 530,202,000        
Number of aircraft pledged as collateral | aircraft       10 10        
Net book value of aircraft pledged as collateral       $ 772,700,000 $ 743,800,000        
Commercial paper                  
Debt Instrument [Line Items]                  
Debt outstanding       $ 0 $ 936,000,000        
Maximum commercial paper amount outstanding $ 2,000,000,000                
Weighted average interest rate         4.91%        
Weighted average maturity         1 month