Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Debt

The following is a summary of debt (dollar amounts in thousands):

	As of December 31, 2023			As of December 31, 2022
Revolving credit facility(A)	$	1,514,420		$	929,584
Term loan		200,000			200,000
British pound sterling secured term loan due 2024(B)		133,484			126,690
British pound sterling term loan due 2025(B)		891,170			845,810
Australian term loan facility(B)		320,164			817,560
2.550% Senior Unsecured Notes due 2023(B)		—			483,320
3.325% Senior Unsecured Notes due 2025(B)		551,950			535,250
0.993% Senior Unsecured Notes due 2026(B)		551,950			535,250
2.500% Senior Unsecured Notes due 2026(B)		636,550			604,150
5.250% Senior Unsecured Notes due 2026		500,000			500,000
5.000% Senior Unsecured Notes due 2027		1,400,000			1,400,000
3.692% Senior Unsecured Notes due 2028(B)		763,860			724,980
4.625% Senior Unsecured Notes due 2029		900,000			900,000
3.375% Senior Unsecured Notes due 2030(B)		445,585			422,905
3.500% Senior Unsecured Notes due 2031		1,300,000			1,300,000
	$	10,109,133		$	10,325,499
Debt issue costs and discount, net		(44,897	)		(57,087	)
	$	10,064,236		$	10,268,412

(A)Includes £322 million of GBP-denominated borrowings and €303 million of Euro-denominated borrowings that reflect the applicable exchange rates at December 31, 2023.

(B)Non-U.S. dollar denominated debt that reflects the exchange rates at period-end.

Principal Payments Due on Debt

As of December 31, 2023, principal payments due on our debt (which exclude the effects of any discounts, premiums, or debt issue costs recorded) are as follows (amounts in thousands):

2024	$	453,648
2025		1,443,120
2026		3,202,920
2027		1,600,000
2028		763,860
Thereafter		2,645,585
Total	$	10,109,133

Basic Terms of Senior Unsecured Notes

The following are the basic terms of our senior unsecured notes at December 31, 2023 (par value amounts in thousands):

	Offering Completion Date	Maturity Date	Par Value		% of Par Value			Interest Payment Frequency
3.325% Senior Unsecured Notes due 2025	March 24, 2017	March 24, 2025	€	500,000		100.000	%	Annually
0.993% Senior Unsecured Notes due 2026	October 6, 2021	October 15, 2026	€	500,000		100.000	%	Annually
2.500% Senior Unsecured Notes due 2026	March 24, 2021	March 24, 2026	£	500,000		99.937	%	Annually
5.250% Senior Unsecured Notes due 2026	July 22, 2016	August 1, 2026	$	500,000		100.000	%	Semi-annually
5.000% Senior Unsecured Notes due 2027	September 7, 2017	October 15, 2027	$	1,400,000		100.000	%	Semi-annually
3.692% Senior Unsecured Notes due 2028	December 5, 2019	June 5, 2028	£	600,000		99.998	%	Annually
4.625% Senior Unsecured Notes due 2029	July 26, 2019	August 1, 2029	$	900,000		99.500	%	Semi-annually
3.375% Senior Unsecured Notes due 2030	March 24, 2021	April 24, 2030	£	350,000		99.448	%	Annually
3.500% Senior Unsecured Notes due 2031	December 4, 2020	March 15, 2031	$	1,300,000		100.000	%	Semi-annually