Debt Facilities (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Summary of debt

As of June 30, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands):

	June 30, 2022		December 31, 2021
Term loans	$	627,670	$	549,697
Mortgage payable and loans payable	61,539		68,691
	689,209		618,388
Less amount representing unamortized debt discount and debt issuance cost	(1,253)		(354)
Add amount representing unamortized mortgage premium	1,461		1,630
	689,417		619,664
Less current portion	(34,086)		(33,087)
Total	$	655,331	$	586,577

As of June 30, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands):

	June 30, 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	524,050		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	%
3.900% Senior Notes due 2032	1,200,000		4.07	%	—		—	%
1.000% Euro Senior Notes due 2033	628,860		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	%
	12,202,910				11,102,130
Less amount representing unamortized debt issuance cost	(125,154)				(117,986)
	12,077,756				10,984,144
Less current portion	—				—
Total	$	12,077,756			$	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 June 30, 2022 (in thousands):

Years ending:
2022 (6 months remaining)	$	29,016
2023	10,351
2024	1,009,999
2025	1,208,667
2026	1,308,202
Thereafter	9,327,345
Total	$	12,893,580

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):

	June 30, 2022		December 31, 2021
Mortgage and loans payable	$	696,708	$	621,051
Senior notes	10,380,331		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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Interest expense	$	90,826	$	87,231	$	170,791	$	176,912
Interest capitalized	4,335		6,684		8,755		12,792
Interest charges incurred	$	95,161	$	93,915	$	179,546	$	189,704