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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2022
Long-Term Debt [Abstract]  
Long-Term Debt

The following table presents the Company’s long-term debt as of September 30, 2022 and December 31, 2021:

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​

​

​

​

​

​

​

​

​

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September 30, 

​

December 31, 

​

​

    

2022

    

2021

    

Revolver under Credit Agreement, bearing interest ranging from 4.12% to 4.76% (a)

​

$

738,165

​

$

803,944

​

Term loan under Credit Agreement, bearing interest at 4.12% (a)

​

 

650,000

​

 

650,000

​

4.25% Senior Notes due 2028

​

​

500,000

​

​

500,000

​

3.50% Senior Notes due 2029

​

​

500,000

​

​

500,000

​

2.60% Senior Notes due 2030

​

​

600,000

​

​

600,000

​

2.20% Senior Notes due 2032

​

​

650,000

​

​

650,000

​

3.20% Senior Notes due 2032

​

​

500,000

​

​

—

​

4.20% Senior Notes due 2033

​

​

750,000

​

​

—

​

3.05% Senior Notes due 2050

​

​

500,000

​

​

500,000

​

2.95% Senior Notes due 2052

​

​

850,000

​

​

850,000

​

Notes payable to sellers and other third parties, bearing interest ranging from 2.42% to 10.35%, principal and interest payments due periodically with due dates ranging from 2028 to 2036 (a)

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34,439

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37,508

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Finance leases, bearing interest ranging from 1.89% to 2.16%, with lease expiration dates ranging from 2026 to 2027 (a)

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​

12,133

​

​

10,519

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​

​

 

6,284,737

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5,101,971

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Less – current portion

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(6,718)

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(6,020)

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Less – unamortized debt discount and issuance costs

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(66,048)

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(55,451)

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​

​

$

6,211,971

​

$

5,040,500

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____________________

(a)Interest rates represent the interest rates in effect at September 30, 2022.

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Details of the Company's Credit Agreement

Details of the Credit Agreement are as follows:

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​

​

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September 30, 

​

December 31, 

 

​

​

    

2022

    

2021

 

    

Revolver under Credit Agreement

 

​

  

 

​

  

​

 

Available

​

$

1,069,127

​

$

933,775

​

​

Letters of credit outstanding

​

$

42,708

​

$

112,281

​

​

Total amount drawn, as follows:

​

$

738,165

​

$

803,944

​

​

Amount drawn - U.S. LIBOR rate loan

​

$

601,000

​

$

631,000

​

​

Interest rate applicable - U.S. LIBOR rate loan

​

​

4.12

%

​

1.10

%

​

Amount drawn - U.S. base rate loan

​

$

—

​

$

158,000

​

​

Interest rate applicable - U.S. base rate loan

​

​

—

%

​

3.25

%

​

Amount drawn - U.S. swingline loan

​

$

—

​

$

11,000

​

​

Interest rate applicable - U.S. swingline loan

​

​

—

%

​

3.25

%

​

Amount drawn – Canadian bankers’ acceptance

​

$

137,165

​

$

3,944

​

​

Interest rate applicable – Canadian bankers’ acceptance

​

 

4.76

%  

 

1.45

%

​

Commitment – rate applicable

​

 

0.09

%  

 

0.09

%

​

Term loan under Credit Agreement

​

 

​

​

 

​

​

​

Amount drawn – U.S. based LIBOR loan

​

$

650,000

​

$

650,000

​

​

Interest rate applicable – U.S. based LIBOR loan

​

 

4.12

%  

 

1.10

%

​