Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Summary of debt

As of March 31, 2021 and December 31, 2020, our mortgage and loans payable consisted of the following (in thousands):

	March 31, 2021		December 31, 2020
Term loans	$	1,234,094	$	1,292,067
Mortgage payable and loans payable	75,842		78,903
	1,309,936		1,370,970
Less amount representing unamortized debt discount and debt issuance cost	(2,706)		(3,288)
Add amount representing unamortized mortgage premium	1,745		1,861
	1,308,975		1,369,543
Less current portion	(79,902)		(82,289)
Total	$	1,229,073	$	1,287,254

As of March 31, 2021 and December 31, 2020, our senior notes consisted of the following (in thousands):

	March 31, 2021				December 31, 2020
	Amount		Effective Rate		Amount		Effective Rate
5.000% Infomart Senior Notes	$	150,000	4.51	%	$	150,000	4.51	%
2.625% Senior Notes due 2024	1,000,000		2.79	%	1,000,000		2.79	%
1.250% Senior Notes due 2025	500,000		1.46	%	500,000		1.46	%
1.000% Senior Notes Due 2025	700,000		1.18	%	700,000		1.18	%
2.900% Senior Notes due 2026	600,000		3.04	%	600,000		3.04	%
2.875% Euro Senior Notes due 2026	—		—	%	611,050		3.04	%
0.250% Euro Senior Notes due 2027	586,750		0.45	%	—		—	%
1.800% Senior Notes due 2027	500,000		1.96	%	500,000		1.96	%
5.375% Senior Notes due 2027	1,250,000		5.51	%	1,250,000		5.51	%
1.550% Senior Notes due 2028	650,000		1.67	%	650,000		1.67	%
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	%	1,100,000		2.27	%
1.000% Euro Senior Notes due 2033	704,100		1.18	%	—		—	%
3.000% Senior Notes due 2050	500,000		3.09	%	500,000		3.09	%
2.950% Senior Notes due 2051	500,000		3.00	%	500,000		3.00	%
	9,940,850				9,261,050
Less amount representing unamortized debt issuance cost	(105,489)				(92,773)
Add amount representing unamortized debt premium	3				186
	9,835,364				9,168,463
Less current portion	(150,003)				(150,186)
Total	$	9,685,361			$	9,018,277

Summary of maturities of debt instruments

The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of March 31, 2021 (in thousands):

Years ending:
2021 (9 months remaining)	$	209,968
2022	1,214,144
2023	6,778
2024	1,006,322
2025	1,204,665
Thereafter	7,610,654
Total	$	11,252,531

Fair value of debt instruments

The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of (in thousands):

	March 31, 2021		December 31, 2020
Mortgage and loans payable	$	1,316,062	$	1,379,129
Senior notes	9,915,009		9,705,486

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 March 31,
	2021		2020
Interest expense	$	89,681	$	107,338
Interest capitalized	6,108		6,031
Interest charges incurred	$	95,789	$	113,369