Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Summary of Debt

As of September 30, 2017 and December 31, 2016, the Company's mortgage and loans payable consisted of the following (in thousands):

	September 30, 2017			December 31, 2016
Term loans	$	2,619,646		$	1,413,582
Mortgage payable and loans payable	46,159			44,382
	2,665,805			1,457,964
Less amount representing unamortized debt discount and debt issuance cost	(31,876		)	(22,811		)
Add amount representing unamortized mortgage premium	2,036			1,862
	2,635,965			1,437,015
Less current portion	(84,455		)	(67,928		)
Total	$	2,551,510		$	1,369,087

As of September 30, 2017 and December 31, 2016, the Company's senior notes consisted of the following (in thousands):

	September 30, 2017			December 31, 2016
2.875% Euro Senior Notes due 2025 (1)	$	1,181,500		$	—
4.875% Senior Notes due 2020	—			500,000
5.375% Senior Notes due 2022	750,000			750,000
5.375% Senior Notes due 2023	1,000,000			1,000,000
5.750% Senior Notes due 2025	500,000			500,000
5.875% Senior Notes due 2026	1,100,000			1,100,000
5.375% Senior Notes due 2027	1,250,000			—
	5,781,500			3,850,000
Less amount representing unamortized debt issuance cost	(64,224		)	(39,230		)
Total	$	5,717,276		$	3,810,770

⁽¹⁾  The 2.875% Euro Senior Notes are denominated in Euros with €1,000.0 million outstanding as of September 30, 2017.

Summary of Senior Notes Redemption Price Percentage

Optional Redemption Schedule
Senior Notes Description	Early Equity Redemption Price	First Scheduled Redemption Date	First Year Redemption Price	Second Year Redemption Price	Third Year Redemption Price	Fourth Year Redemption Price
5.375% Notes due 2027	105.375%	May 15, 2022	102.688%	101.792%	100.896%	100.000%
2.875% Euro Notes due 2025	102.875%	October 1, 2020	101.438%	100.719%	100.000%	—

Summary of Maturities of Debt Facilities

The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs and debt discounts, as of September 30, 2017 (in thousands):

Years ending:
2017 (3 months remaining)	$	21,105
2018	84,478
2019	389,409
2020	44,027
2021	355,279
Thereafter	7,555,043
Total	$	8,449,341

Fair Value of Debt Facilities

The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes (gross of debt discount, premium and deferred issuance costs), including current maturities, as of (in thousands):

	September 30, 2017		December 31, 2016
Mortgage and loans payable	$	2,668,249	$	1,461,954
Senior notes	6,106,055		4,033,985

Schedule of Interest Charges Incurred

The following table sets forth total interest costs incurred and total interest costs capitalized for the periods presented (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Interest expense	$	121,828	$	92,200	$	352,554	$	293,395
Interest capitalized	6,174		3,234		20,573		9,479
Interest charges incurred	$	128,002	$	95,434	$	373,127	$	302,874