Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of debt

As of March 31, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands):

	March 31, 2022		December 31, 2021
Term loans	$	656,750	$	549,697
Mortgage payable and loans payable	66,280		68,691
	723,030		618,388
Less amount representing unamortized debt discount and debt issuance cost	(1,078)		(354)
Add amount representing unamortized mortgage premium	1,564		1,630
	723,516		619,664
Less current portion	(31,993)		(33,087)
Total	$	691,523	$	586,577

As of March 31, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands):

	March 31, 2022				December 31, 2021
	Amount		Effective Rate		Amount		Effective Rate
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	%
1.450% Senior Notes due 2026	700,000		1.64	%	700,000		1.64	%
0.250% Euro Senior Notes due 2027	553,450		0.45	%	569,150		0.45	%
1.800% Senior Notes due 2027	500,000		1.96	%	500,000		1.96	%
1.550% Senior Notes due 2028	650,000		1.67	%	650,000		1.67	%
2.000% Senior Notes due 2028	400,000		2.21	%	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	%	1,000,000		2.65	%
1.000% Euro Senior Notes due 2033	664,140		1.18	%	682,980		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	%	500,000		3.50	%
	11,067,590				11,102,130
Less amount representing unamortized debt issuance cost	(113,758)				(117,986)
	10,953,832				10,984,144
Less current portion	—				—
Total	$	10,953,832			$	10,984,144

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, 2022 (in thousands):

Years ending:
2022 (9 months remaining)	$	30,403
2023	6,595
2024	1,006,193
2025	1,204,698
2026	1,304,832
Thereafter	8,239,463
Total	$	11,792,184

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, 2022		December 31, 2021
Mortgage and loans payable	$	761,651	$	621,051
Senior notes	10,051,629		11,049,834

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,
	2022		2021
Interest expense	$	79,965	$	89,681
Interest capitalized	4,420		6,108
Interest charges incurred	$	84,385	$	95,789