Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

As of March 31, 2023 and December 31, 2022, our mortgage and loans payable consisted of the following (in thousands):

	March 31, 2023		December 31, 2022
Term loans	$	631,055	$	619,090
Mortgage payable and loans payable	33,052		34,527
	664,107		653,617
Less amount representing unamortized debt discount and debt issuance cost	(1,003)		(1,062)
	663,104		652,555
Less current portion	(9,869)		(9,847)
	$	653,235	$	642,708

As of March 31, 2023 and December 31, 2022, our senior notes consisted of the following (in thousands):

	March 31, 2023				December 31, 2022
	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	542,750		0.45	%	534,950		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	%	1,200,000		4.07	%
1.000% Euro Senior Notes due 2033	651,300		1.18	%	641,940		1.18	%
2.000% Japanese Yen Senior Notes Series A due 2035	283,381		2.07	%	—		—	%
2.130% Japanese Yen Senior Notes Series C due 2035	111,395		2.20	%	—		—	%
2.370% Japanese Yen Senior Notes Series B due 2043	76,998		2.42	%	—		—	%
2.570% Japanese Yen Senior Notes Series D due 2043	34,623		2.62	%	—		—	%
2.570% Japanese Yen Senior Notes Series E due 2043	75,267		2.62	%	—		—	%
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	%
	12,825,714				12,226,890
Less amount representing unamortized debt issuance cost	(117,863)				(117,351)
	$	12,707,851			$	12,109,539

Schedule 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 and debt discounts, as of March 31, 2023 (in thousands):

Years ending:
2023 (9 months remaining)	$	7,427
2024	1,009,455
2025	1,208,082
2026	1,307,661
2027	1,664,907
Thereafter	8,292,290
Total	$	13,489,822

Schedule of 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 (in thousands):

	As of March 31, 2023						As of December 31, 2022
	Fair Value		Fair Value Measurement Using				Fair Value		Fair Value Measurement Using
			Level 1		Level 2				Level 1		Level 2
Mortgage and loans payable	$	675,443	$	—	$	675,443	$	666,387	$	—	$	666,387
Senior notes	11,042,035		10,437,543		604,492		10,196,933		10,196,933		—

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,
	2023		2022
Interest expense	$	97,481	$	79,965
Interest capitalized	5,533		4,420
Interest charges incurred	$	103,014	$	84,385