Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Summary of debt

As of September 30, 2021 and December 31, 2020, our mortgage and loans payable consisted of the following (in thousands):

	September 30, 2021		December 31, 2020
Term loans	$	555,720	$	1,292,067
Mortgage payable and loans payable	71,358		78,903
	627,078		1,370,970
Less amount representing unamortized debt discount and debt issuance cost	(452)		(3,288)
Add amount representing unamortized mortgage premium	1,678		1,861
	628,304		1,369,543
Less current portion	(67,571)		(82,289)
Total	$	560,733	$	1,287,254

As of September 30, 2021 and December 31, 2020, our senior notes consisted of the following (in thousands):

	September 30, 2021				December 31, 2020
	Amount		Effective Rate		Amount		Effective Rate
5.000% Infomart Senior Notes	$	—	—	%	$	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	%
1.450% Senior Notes due 2026	700,000		1.64	%	—		—	%
0.250% Euro Senior Notes due 2027	578,500		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	%
1.550% Senior Notes due 2028	650,000		1.67	%	650,000		1.67	%
2.000% Senior Notes due 2028	400,000		2.21	%	—		—	%
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	%
2.500% Senior Notes due 2031	1,000,000		2.65	%	—		—	%
1.000% Euro Senior Notes due 2033	694,200		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	%
3.400% Senior Notes due 2052	500,000		3.50	%	—		—	%
	11,122,700				9,261,050
Less amount representing unamortized debt issuance cost	(122,031)				(92,773)
Add amount representing unamortized debt premium	—				186
	11,000,669				9,168,463
Less current portion	—				(150,186)
Total	$	11,000,669			$	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 September 30, 2021 (in thousands):

Years ending:
2021 (3 months remaining)	$	10,563
2022	580,889
2023	6,730
2024	1,006,278
2025	1,204,632
Thereafter	8,942,364
Total	$	11,751,456

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):

	September 30, 2021		December 31, 2020
Mortgage and loans payable	$	631,390	$	1,379,129
Senior notes	11,235,382		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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest expense	$	78,943	$	99,736	$	255,855	$	315,554
Interest capitalized	6,426		7,091		19,217		20,002
Interest charges incurred	$	85,369	$	106,827	$	275,072	$	335,556