Debt Facilities (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

As of June 30, 2023 and December 31, 2022, our mortgage and loans payable consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Term loans	$	643,153	$	619,090
Mortgage payable and loans payable	32,060		34,527
	675,213		653,617
Less amount representing unamortized debt discount and debt issuance cost	(878)		(1,062)
	674,335		652,555
Less current portion	(8,419)		(9,847)
	$	665,916	$	642,708

As of June 30, 2023 and December 31, 2022, our senior notes consisted of the following (in thousands):

	June 30, 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	545,700		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	654,840		1.18	%	641,940		1.18	%
2.000% Japanese Yen Senior Notes Series A due 2035	261,005		2.07	%	—		—	%
2.130% Japanese Yen Senior Notes Series C due 2035	102,599		2.20	%	—		—	%
2.370% Japanese Yen Senior Notes Series B due 2043	70,918		2.42	%	—		—	%
2.570% Japanese Yen Senior Notes Series D due 2043	31,889		2.62	%	—		—	%
2.570% Japanese Yen Senior Notes Series E due 2043	69,324		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	%
	12,786,275				12,226,890
Less amount representing unamortized debt issuance cost	(113,449)				(117,351)
	$	12,672,826			$	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 June 30, 2023 (in thousands):

Years ending:
2023 (6 months remaining)	$	4,255
2024	1,007,960
2025	1,206,705
2026	1,306,501
2027	1,685,952
Thereafter	8,250,115
Total	$	13,461,488

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 June 30, 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	$	696,256	$	—	$	696,256	$	666,387	$	—	$	666,387
Senior notes	10,901,027		10,332,648		568,379		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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Interest expense	$	99,973	$	90,826	$	197,454	$	170,791
Interest capitalized	6,403		4,335		11,936		8,755
Interest charges incurred	$	106,376	$	95,161	$	209,390	$	179,546