LONG-TERM DEBT AND LINES OF CREDIT (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of June 30, 2022 and December 31, 2021, long-term debt consisted of the following:

	June 30, 2022		December 31, 2021
	(in thousands)
3.750% senior notes due June 1, 2023	$	554,650	$	557,186
4.000% senior notes due June 1, 2023	556,042		559,338
1.500% senior notes due November 15, 2024	497,674		497,185
2.650% senior notes due February 15, 2025	995,641		994,797
1.200% senior notes due March 1, 2026	1,092,974		1,092,016
4.800% senior notes due April 1, 2026	792,374		798,024
2.150% senior notes due January 15, 2027	744,321		743,695
4.450% senior notes due June 1, 2028	475,997		478,194
3.200% senior notes due August 15, 2029	1,238,797		1,238,006
2.900% senior notes due May 15, 2030	990,781		990,196
2.900% senior notes due November 15, 2031	742,136		741,716
4.150% senior notes due August 15, 2049	740,324		740,146
Unsecured term loan facility	1,991,802		1,989,793
Unsecured revolving credit facility	700,000		—
Finance lease liabilities	49,908		64,421
Other borrowings	43		8,601
Total long-term debt	12,163,464		11,493,314
Less current portion	1,279,743		78,505
Long-term debt, excluding current portion	$	10,883,721	$	11,414,809

Schedule of Maturities of Long-Term Debt

At June 30, 2022, future maturities of long-term debt (excluding finance lease liabilities) are as follows by year (in thousands):

Year Ending December 31,
2022	$	50,000
2023	1,300,000
2024	2,950,000
2025	1,000,000
2026	1,850,000
2027	750,000
2028 and thereafter	4,200,000
Total	$	12,100,000

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 June 30, 2022	Range of Maturity Dates at June 30, 2022	June 30, 2022		December 31, 2021
				(in thousands)
Interest rate swaps (Notional of $500 million at June 30, 2022 and $0 at December 31, 2021	Prepaid expenses and other current assets	2.51%	December 31, 2022	$	329	$	—
Interest rate swaps (Notional of $750 million at June 30, 2022 and $1,250 million at December 31, 2021)	Accounts payable and accrued liabilities	2.88%	December 31, 2022	$	874	$	28,777

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 statements of comprehensive income for the three and six months ended June 30, 2022 and 2021:

	Three Months Ended				Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
	(in thousands)
Net unrealized gains (losses) recognized in other comprehensive income (loss)	$	5,051	$	(410)	$	13,985	$	584
Net unrealized losses reclassified out of other comprehensive income (loss) to interest expense	$	7,534	$	9,662	$	16,979	$	20,500