Debt Financing (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Schedule of Consolidated Debt

The Company’s consolidated debt as of March 31, 2026 and December 31, 2025 is summarized below:

	March 31, 2026		December 31, 2025
	(in thousands)
Unsecured
Senior unsecured securities	$	12,389,769	$	13,860,558
Term financings	3,606,950		3,846,800
Commercial paper	1,046,300		1,361,400
Revolving Credit Facility	2,470,000		—
Other revolving credit facilities	—		300,000
Total unsecured debt financing	19,513,019		19,368,758
Secured
Term financings	254,677		318,348
Export credit financing	171,353		175,238
Total secured debt financing	426,030		493,586
Total debt financing	19,939,049		19,862,344
Less: Debt discounts and issuance costs	(119,854)		(132,215)
Debt financing, net of discounts and issuance costs	$	19,819,195	$	19,730,129

Schedule of Maturities of Debt Outstanding

Maturities of debt outstanding as of March 31, 2026 are as follows (in thousands):

Years ending December 31,
2026	$	5,591,630
2027	4,133,520
2028	3,157,636
2029	3,436,006
2030	2,113,410
Thereafter	1,506,847
Total	$	19,939,049