LONG-TERM DEBT AND LINES OF CREDIT (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of September 30, 2020 and December 31, 2019, long-term debt consisted of the following:

	September 30, 2020		December 31, 2019
	(in thousands)
3.800% senior notes due April 1, 2021	$	754,398	$	760,996
3.750% senior notes due June 1, 2023	563,526		567,330
4.000% senior notes due June 1, 2023	567,578		572,522
2.650% senior notes due February 15, 2025	992,688		991,423
4.800% senior notes due April 1, 2026	812,149		820,623
4.450% senior notes due June 1, 2028	483,687		486,982
3.200% senior notes due August 15, 2029	1,236,029		1,234,843
2.900% senior notes due May 15, 2030	988,664		—
4.150% senior notes due August 15, 2049	739,699		739,431
Unsecured term loan facility	1,984,858		1,981,758
Unsecured revolving credit facility	—		903,000
Finance lease liabilities	65,142		32,996
Other borrowings	80,044		33,597
Total long-term debt	9,268,462		9,125,501
Less current portion	831,500		35,137
Long-term debt, excluding current portion	$	8,436,962	$	9,090,364

Schedule of Maturities of Long-Term Debt

At September 30, 2020, future maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands):

Year ending December 31,
2020	$	20,474
2021	801,167
2022	58,403
2023	1,300,000
2024	1,750,000
2025	1,000,000
2026 and thereafter	4,200,000
Total	$	9,130,044

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 September 30, 2020	Range of Maturity Dates at September 30, 2020	September 30, 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 $300 million at September 30, 2020)	Accounts payable and accrued liabilities	1.91%	March 31, 2021	$	2,662	$	—
Interest rate swaps (Notional of $1.55 billion at September 30, 2020 and $1.55 billion at December 31, 2019)	Other noncurrent liabilities	2.73%	December 31, 2022	$	74,102	$	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 for the three and nine months ended September 30, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
	(in thousands)
Net unrealized gains (losses) recognized in other comprehensive income (loss)	$	194	$	(40,265)	$	(53,332)	$	(96,997)
Net unrealized losses (gains) reclassified out of other comprehensive income (loss) to interest expense	$	11,133	$	1,193	$	25,786	$	(1,530)