XML 72 R62.htm IDEA: XBRL DOCUMENT v3.24.2
Debt Obligations, net - Narrative (Details)
1 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2024
USD ($)
Option
Feb. 29, 2024
USD ($)
Jan. 31, 2023
USD ($)
May 31, 2022
USD ($)
Jan. 31, 2022
USD ($)
Nov. 30, 2021
USD ($)
May 31, 2021
USD ($)
Mar. 31, 2021
USD ($)
Option
Jun. 30, 2024
USD ($)
Dec. 31, 2023
Dec. 31, 2021
USD ($)
Three month term SOFR | Trust Preferred Securities                      
Line of Credit Facility [Line Items]                      
Basis point spread on variable interest rate (percent)                 1.50%    
Secured Debt | Mortgages                      
Line of Credit Facility [Line Items]                      
Weighted average interest rate                 3.99% 3.99%  
Unsecured Debt | 2.80% Senior Notes                      
Line of Credit Facility [Line Items]                      
Aggregate principal amount             $ 400,000,000.0        
Stated interest rate             2.80%   2.80% 2.80%  
Percent of par value at which the notes were issued             99.127%        
Percentage of principal amount of debt at which debt can be redeemed             100.00%        
Unsecured Debt | 2.85% Senior Notes                      
Line of Credit Facility [Line Items]                      
Aggregate principal amount           $ 350,000,000.0          
Stated interest rate           2.85%     2.85% 2.85%  
Percent of par value at which the notes were issued           99.123%          
Percentage of principal amount of debt at which debt can be redeemed           100.00%          
Unsecured Debt | 6.10% Senior Notes                      
Line of Credit Facility [Line Items]                      
Aggregate principal amount   $ 300,000,000.0                  
Stated interest rate   6.10%             6.10%    
Percent of par value at which the notes were issued   98.957%                  
Percentage of principal amount of debt at which debt can be redeemed   100.00%                  
Unsecured Debt | 3.98% Senior Notes                      
Line of Credit Facility [Line Items]                      
Aggregate principal amount         $ 475,000,000.0            
Stated interest rate         3.98%       3.98% 3.98%  
Minimum percentage of aggregate principal amount that can be repaid at any time at the Company's discretion         5.00%            
Percentage of principal amount of debt at which debt can be redeemed         100.00%            
Unsecured Debt | 5.15% Senior Notes                      
Line of Credit Facility [Line Items]                      
Aggregate principal amount       $ 150,000,000.0              
Stated interest rate       5.15%         5.15% 5.15%  
Stairstep interest rate, Years 1 through 10       2.50%              
Stairstep interest rate, Years 11 through 20       3.75%              
Stairstep interest rate, Years 21 through 30       5.15%              
Minimum percentage of aggregate principal amount that can be repaid at any time at the Company's discretion       5.00%              
Percentage of principal amount of debt at which debt can be redeemed       100.00%              
Unsecured Debt | Commercial Paper Notes                      
Line of Credit Facility [Line Items]                      
Commercial paper notes available for issue                 $ 750,000,000.0    
Commercial paper notes outstanding balance                 0    
Unsecured Debt | 2021 Unsecured Revolver maturing in 2026                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity               $ 1,000,000,000.0     $ 1,350,000,000
Number of extension options available | Option               2      
Debt extension term               12 months      
Repayment of outstanding balance at termination $ 916,000,000                    
Unsecured Debt | 2023 Unsecured Revolver maturing in 2025                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity     $ 500,000,000                
Unsecured Debt | 2024 Unsecured Revolver maturing in 2029                      
Line of Credit Facility [Line Items]                      
Maximum borrowing capacity $ 2,000,000,000.0                    
Number of extension options available | Option 2                    
Debt extension term 6 months                    
Line of credit facility fee, percent 0.10%                    
Remaining borrowing capacity                 $ 1,000,000,000.0    
Unsecured Debt | SOFR | Trust Preferred Securities                      
Line of Credit Facility [Line Items]                      
Basis point spread on variable interest rate (percent)                 1.50% 1.50%  
Unsecured Debt | SOFR | 2021 Unsecured Revolver maturing in 2026                      
Line of Credit Facility [Line Items]                      
Basis point spread on variable interest rate (percent)               0.90%   0.90%  
Unsecured Debt | SOFR | 2023 Unsecured Revolver maturing in 2025                      
Line of Credit Facility [Line Items]                      
Basis point spread on variable interest rate (percent)     0.90%                
Unsecured Debt | SOFR | 2024 Unsecured Revolver maturing in 2029                      
Line of Credit Facility [Line Items]                      
Basis point spread on variable interest rate (percent) 0.85%               0.85%    
Minimum | Unsecured Debt | Unsecured Senior Notes                      
Line of Credit Facility [Line Items]                      
Unencumbered assets to unsecured debt ration                 1.25    
Minimum | Unsecured Debt | Unsecured Revolvers                      
Line of Credit Facility [Line Items]                      
Unencumbered assets to unsecured debt ration                 1.33    
Debt instrument covenant multiple of minimum fixed charges on outstanding borrowings                 1.15    
Maximum | Unsecured Debt | 6.10% Senior Notes                      
Line of Credit Facility [Line Items]                      
Covenant description secured recourse debt ratio maximum                 50.00%