Debt Financing (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Consolidated Debt

The Company’s consolidated debt as of March 31, 2025 and December 31, 2024 is summarized below:

	March 31, 2025		December 31, 2024
	(in thousands)
Unsecured
Senior unsecured securities	$	14,624,364	$	16,046,662
Term financings	3,807,900		3,628,600
Commercial paper	888,500		—
Other revolving credit facilities	200,000		—
Revolving Credit Facility	—		170,000
Total unsecured debt financing	19,520,764		19,845,262
Secured
Term financings	350,767		354,208
Export credit financing	186,714		190,437
Total secured debt financing	537,481		544,645
Total debt financing	20,058,245		20,389,907
Less: Debt discounts and issuance costs	(167,362)		(179,922)
Debt financing, net of discounts and issuance costs	$	19,890,883	$	20,209,985

Schedule of Maturities of Debt Outstanding

Maturities of debt outstanding as of March 31, 2025 are as follows (in thousands):

Years ending December 31,
2025	$	2,526,995
2026	5,991,041
2027	3,792,676
2028	3,099,656
2029	1,071,769
Thereafter	3,576,108
Total	$	20,058,245