LONG-TERM DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of March 31, 2020 and December 31, 2019, long-term debt consisted of the following:

	March 31, 2020		December 31, 2019
	(in thousands)
3.800% senior notes due April 1, 2021	$	758,797	$	760,996
3.750% senior notes due June 1, 2023	566,062		567,330
4.000% senior notes due June 1, 2023	570,874		572,522
2.650% senior notes due February 15, 2025	991,844		991,423
4.800% senior notes due April 1, 2026	817,799		820,623
4.450% senior notes due June 1, 2028	485,883		486,982
3.200% senior notes due August 15, 2029	1,235,238		1,234,843
4.150% senior notes due August 15, 2049	739,521		739,431
Unsecured term loan facility	1,982,763		1,981,758
Unsecured revolving credit facility	1,416,000		903,000
Finance lease liabilities	30,798		32,996
Other borrowings	111,048		33,597
Total long-term debt	9,706,627		9,125,501
Less current portion	70,551		35,137
Long-term debt, excluding current portion	$	9,636,076	$	9,090,364

Schedule of Maturities of Long-Term Debt

At March 31, 2020, maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands):

Year ending December 31,
Remainder of 2020	$	50,726
2021	801,771
2022	58,403
2023	1,300,000
2024	3,166,000
2025	1,000,000
2026 and thereafter	3,200,000
Total	$	9,576,900

Schedule of Derivative Instruments

The table below presents information about our derivative financial instruments, designated as cash flow hedges, included in the consolidated balance sheets:

				Fair Values
Derivative Financial Instruments	Balance Sheet Location	Weighted-Average Fixed Rate of Interest at March 31, 2020	Range of Maturity Dates at March 31, 2020	March 31, 2020		December 31, 2019
				(in thousands)
Interest rate swaps (Notional of $250 million at December 31, 2019)	Prepaid expenses and other current assets	NA	NA	$	—	$	472
Interest rate swaps (Notional of $550 million at March 31, 2020)	Accounts payable and accrued liabilities	1.65%	July 31, 2020 - March 31, 2021	$	5,365	$	—
Interest rate swaps (Notional of $1.25 billion at March 31, 2020 and $1.55 billion at December 31, 2019)	Other noncurrent liabilities	2.73%	December 31, 2022	$	84,361	$	45,604

Schedule of Derivative Instrument Effect on Other Comprehensive Income (Loss)

The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income (loss) for the three months ended March 31, 2020 and 2019:

	Three Months Ended
	March 31, 2020		March 31, 2019
	(in thousands)
Net unrealized losses recognized in other comprehensive loss	$	47,896	$	14,509
Net unrealized losses (gains) reclassified out of other comprehensive loss to interest expense	$	4,671	$	(1,830	)