XML 78 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt Financing - Narrative (Details)
$ in Thousands, € in Millions, $ in Millions
1 Months Ended 12 Months Ended
Jan. 21, 2025
USD ($)
Oct. 01, 2024
USD ($)
Dec. 31, 2024
USD ($)
aircraft
Aug. 31, 2024
USD ($)
aircraft
Dec. 31, 2024
USD ($)
facility
aircraft
Feb. 13, 2025
USD ($)
Dec. 31, 2024
CAD ($)
aircraft
Dec. 31, 2024
EUR (€)
aircraft
May 05, 2024
USD ($)
Dec. 31, 2023
USD ($)
aircraft
Nov. 30, 2023
CAD ($)
Debt Instrument [Line Items]                      
Outstanding balance     $ 20,389,907   $ 20,389,907         $ 19,363,460  
Subsequent Event | Commercial Paper                      
Debt Instrument [Line Items]                      
Maximum commercial paper amount outstanding $ 2,000,000                    
Total secured debt financing                      
Debt Instrument [Line Items]                      
Outstanding balance     $ 544,600   $ 544,600         $ 305,500  
Number of aircraft pledged as collateral | aircraft     10   10   10 10   4  
Collateral with net book value     $ 772,700   $ 772,700         $ 445,900  
Senior unsecured securities                      
Debt Instrument [Line Items]                      
Outstanding balance     16,046,662   16,046,662         16,329,605  
Senior Unsecured Notes                      
Debt Instrument [Line Items]                      
Outstanding balance                   16,300,000  
Medium Term Note Due 2029 - 5.100% | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued     $ 500,000   $ 500,000            
Interest rate     5.10%   5.10%   5.10% 5.10%      
Medium Term Note Due 2028 - 5.400% Canadian Dollar | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued             $ 400.0        
Interest rate     5.40%   5.40%   5.40% 5.40%      
Interest rate, effective percentage     5.95%   5.95%   5.95% 5.95%      
Medium Term Note Due 2030 - 3.700% Euro | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued | €               € 600.0      
Interest rate     3.70%   3.70%   3.70% 3.70%      
Interest rate, effective percentage     5.441%   5.441%   5.441% 5.441%      
Medium Term Note Due 2026 - 5.30% | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued     $ 600,000   $ 600,000            
Interest rate     5.30%   5.30%   5.30% 5.30%      
Medium Term Note Due 2031 - 5.20% | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued     $ 600,000   $ 600,000            
Interest rate     5.20%   5.20%   5.20% 5.20%      
Medium Term Note Due 2028 - 5.400% Canadian Dollar, Issued November 2023 | Medium-Term Note                      
Debt Instrument [Line Items]                      
Principal amount issued                     $ 500.0
Interest rate                     5.40%
Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Outstanding balance     $ 170,000   $ 170,000         1,100,000  
Maximum borrowing capacity                 $ 7,800,000    
Interest margin         1.05%            
Facility fee (as a percent)         0.20%            
Revolving Credit Facility | Debt Instrument, Redemption, May 5, 2028 | Subsequent Event                      
Debt Instrument [Line Items]                      
Line of credit maturity amount           $ 7,500,000          
Revolving Credit Facility | Debt Instrument, Redemption, May 5, 2027 | Subsequent Event                      
Debt Instrument [Line Items]                      
Line of credit maturity amount           25,000          
Revolving Credit Facility | Debt Instrument, Redemption, May 5, 2026 | Subsequent Event                      
Debt Instrument [Line Items]                      
Line of credit maturity amount           210,000          
Revolving Credit Facility | Debt Instrument, Redemption, May 5, 2025 | Subsequent Event                      
Debt Instrument [Line Items]                      
Line of credit maturity amount           $ 25,000          
Term financings                      
Debt Instrument [Line Items]                      
Outstanding balance     3,628,600   $ 3,628,600         $ 1,628,400  
2023 Term Loan | Term financings                      
Debt Instrument [Line Items]                      
Outstanding balance     1,250,000   1,250,000            
Principal amount issued       $ 750,000              
Interest margin       1.20%              
Debt Instrument, Increase In capacity       $ 500,000              
Proceeds from Lines of credit   $ 500,000                  
Credit spread adjustment       0.10%              
Unsecured Term Loan Due 2027 | Total unsecured debt financing                      
Debt Instrument [Line Items]                      
Principal amount issued     $ 966,500   966,500            
Interest margin     1.125%                
Debt term     3 years                
Debt instrument, amount subject to custom funding date     $ 33,500   33,500            
Additional 2024 Borrowings | Total unsecured debt financing                      
Debt Instrument [Line Items]                      
Principal amount issued     $ 965,000   $ 965,000            
Number of term facilities entered into during period | facility         6            
Additional 2024 Borrowings | Total unsecured debt financing | Minimum                      
Debt Instrument [Line Items]                      
Interest margin         1.02%            
Debt term         1 year            
Additional 2024 Borrowings | Total unsecured debt financing | Maximum                      
Debt Instrument [Line Items]                      
Interest margin         1.40%            
Debt term         5 years            
2024 Term Loan | Line of Credit | Total secured debt financing                      
Debt Instrument [Line Items]                      
Principal amount issued       $ 267,300              
Interest margin       1.35%              
Number of aircraft pledged as collateral | aircraft       6              
Collateral with net book value       $ 344,900