Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Summary of debt

As of September 30, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands):

	September 30, 2020		December 31, 2019
Term loans	$	1,243,882	$	1,287,151
Mortgage payable and loans payable	77,982		82,967
	1,321,864		1,370,118
Less amount representing unamortized debt discount and debt issuance cost	(3,601)		(4,849)
Add amount representing unamortized mortgage premium	1,787		1,768
	1,320,050		1,367,037
Less current portion	(78,273)		(77,603)
Total	$	1,241,777	$	1,289,434

As of September 30, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands):

	September 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	—		—	%	841,500		3.08	%
1.250% Senior Notes due 2025	500,000		1.46	%	—		—	%
2.875% Euro Senior Notes due 2025	1,172,400		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	%
2.875% Euro Senior Notes due 2026	1,172,400		3.04	%	1,122,000		3.04	%
1.800% Senior Notes due 2027	500,000		1.96	%	—		—	%
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	%
2.150% Senior Notes due 2030	1,100,000		2.27	%	—		—	%
3.000% Senior Notes due 2050	500,000		3.09	%	—		—	%
	9,294,800				9,029,211
Less amount representing unamortized debt issuance cost	(90,441)				(78,030)
Add amount representing unamortized debt premium	370				1,716
	9,204,729				8,952,897
Less current portion	(2,043,994)				(643,224)
Total	$	7,160,735			$	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.

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 September 30, 2020 (in thousands):

Years ending:
2020 (3 months remaining)	$	1,928,414
2021	228,201
2022	1,189,716
2023	6,656
2024	1,006,165
Thereafter	6,259,299
Total	$	10,618,451

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):

	September 30, 2020		December 31, 2019
Mortgage and loans payable	$	1,330,510	$	1,378,429
Senior notes	9,721,217		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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Interest expense	$	99,736	$	118,674	$	315,554	$	362,067
Interest capitalized	7,091		8,424		20,002		24,188
Interest charges incurred	$	106,827	$	127,098	$	335,556	$	386,255