Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

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

	September 30, 2023		December 31, 2022
Term loans	$	616,833	$	619,090
Mortgage payable and loans payable	29,780		34,527
	646,613		653,617
Less amount representing unamortized debt discount and debt issuance cost	(777)		(1,062)
	645,836		652,555
Less current portion	(8,211)		(9,847)
	$	637,625	$	642,708

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

	September 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	528,300		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	%
2.875% Swiss Franc Senior Notes due 2028	327,546		3.07	%	—		—	%
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	633,960		1.18	%	641,940		1.18	%
2.000% Japanese Yen Senior Notes Series A due 2035	251,872		2.07	%	—		—	%
2.130% Japanese Yen Senior Notes Series C due 2035	99,009		2.20	%	—		—	%
2.370% Japanese Yen Senior Notes Series B due 2043	68,436		2.42	%	—		—	%
2.570% Japanese Yen Senior Notes Series D due 2043	30,773		2.62	%	—		—	%
2.570% Japanese Yen Senior Notes Series E due 2043	66,899		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	%
	13,056,795				12,226,890
Less amount representing unamortized debt issuance cost	(111,573)				(117,351)
	$	12,945,222			$	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 September 30, 2023 (in thousands):

Years ending:
2023 (3 months remaining)	$	2,129
2024	1,007,758
2025	1,206,548
2026	1,306,348
2027	1,642,825
Thereafter	8,537,800
Total	$	13,703,408

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):

	September 30, 2023						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	$	657,705	$	—	$	657,705	$	666,387	$	—	$	666,387
Senior notes	10,917,739		10,398,907		518,832		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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest expense	$	101,385	$	91,346	$	298,839	$	262,137
Interest capitalized	6,699		5,512		18,635		14,267
Interest charges incurred	$	108,084	$	96,858	$	317,474	$	276,404