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Debt Facilities (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Summary of debt
As of June 30, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands):
 
June 30, 2020
 
December 31, 2019
 
Amount
 
Effective Rate
 
Amount
 
Effective Rate
5.000% Infomart Senior Notes (1)
$
300,000

 
4.49
%
 
$
450,000

 
4.46
%
5.375% Senior Notes due 2022
—

 
—
%
 
343,711

 
5.56
%
2.625% Senior Notes due 2024
1,000,000

 
2.79
%
 
1,000,000

 
2.79
%
2.875% Euro Senior Notes due 2024
842,775

 
3.08
%
 
841,500

 
3.08
%
2.875% Euro Senior Notes due 2025
1,123,700

 
3.04
%
 
1,122,000

 
3.04
%
2.900% Senior Notes due 2026
600,000

 
3.04
%
 
600,000

 
3.04
%
5.875% Senior Notes due 2026
1,100,000

 
6.03
%
 
1,100,000

 
6.03
%
2.875% Euro Senior Notes due 2026
1,123,700

 
3.04
%
 
1,122,000

 
3.04
%
5.375% Senior Notes due 2027
1,250,000

 
5.51
%
 
1,250,000

 
5.51
%
3.200% Senior Notes due 2029
1,200,000

 
3.30
%
 
1,200,000

 
3.30
%
1.250% Senior Notes due 2025
500,000

 
1.46
%
 
—

 
—
%
1.800% Senior Notes due 2027
500,000

 
1.96
%
 
—

 
—
%
2.150% Senior Notes due 2030
1,100,000

 
2.27
%
 
—

 
—
%
3.000% Senior Notes due 2050
500,000

 
3.09
%
 
—

 
—
%
 
11,140,175

 
 
 
9,029,211

 
 
Less amount representing unamortized debt issuance cost
(108,519
)
 
 
 
(78,030
)
 
 
Add amount representing unamortized debt premium
745

 
 
 
1,716

 
 
 
11,032,401

 
 
 
8,952,897

 
 
Less current portion
(2,227,768
)
 
 
 
(643,224
)
 
 
Total
$
8,804,633

 
 
 
$
8,309,673

 
 

 
 
(1) 5.000% Infomart Senior Notes consist of two tranches outstanding due in each of October 2020 and April 2021. The effective rate represents the weighted-average effective interest rates of the tranches outstanding at the periods presented in the table above.
As of June 30, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands):
 
June 30,
2020
 
December 31, 2019
Term loans
$
1,218,259

 
$
1,287,151

Mortgage payable and loans payable
77,574

 
82,967

 
1,295,833

 
1,370,118

Less amount representing unamortized debt discount and debt issuance cost
(3,927
)
 
(4,849
)
Add amount representing unamortized mortgage premium
1,732

 
1,768

 
1,293,638

 
1,367,037

Less current portion
(75,589
)
 
(77,603
)
Total
$
1,218,049

 
$
1,289,434
Summary of maturities of debt instruments
The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2020 (in thousands):
Years ending:
 
2020 (6 months remaining)
$
2,130,697

2021
225,580

2022
1,148,837

2023
6,510

2024
1,006,031

Thereafter
7,920,085

Total
$
12,437,740
Fair value of debt instruments
The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes, including current maturities, as of (in thousands):
 
June 30,
2020
 
December 31,
2019
Mortgage and loans payable
$
1,304,463

 
$
1,378,429

Senior notes
11,580,351

 
9,339,497
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
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
Interest expense
$
108,480

 
$
120,547

 
$
215,818

 
$
243,393

Interest capitalized
6,880

 
5,910

 
12,911

 
15,764

Interest charges incurred
$
115,360

 
$
126,457

 
$
228,729

 
$
259,157