Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Summary of Debt

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

	As of March 31, 2026			As of December 31, 2025
Secured revolving credit facility(A)	$	665,577		$	638,063
Secured term loan		200,000			200,000
British pound sterling secured term loan due 2034(B)		835,126			850,784
0.993% Senior Unsecured Notes due 2026(B)		577,650			587,300
5.000% Senior Unsecured Notes due 2027		1,400,000			1,400,000
3.692% Senior Unsecured Notes due 2028(B)		793,620			808,500
4.625% Senior Unsecured Notes due 2029		900,000			900,000
3.375% Senior Unsecured Notes due 2030(B)		462,945			471,625
3.500% Senior Unsecured Notes due 2031		1,300,000			1,300,000
7.000% Senior Secured Notes due 2032(B)		1,155,300			1,174,600
8.500% Senior Secured Notes due 2032		1,500,000			1,500,000
	$	9,790,218		$	9,830,872
Debt issue costs and discount, net		(127,559	)		(133,037	)
	$	9,662,659		$	9,697,835

(A)Includes €100 million and €100 million of Euro-denominated borrowings and CHF 52 million and CHF 52 million of Swiss franc-denominated borrowings that reflect the applicable exchange rates at March 31, 2026 and December 31, 2025, respectively.

(B)Non-U.S. dollar denominated debt reflects the exchange rates at March 31, 2026 and December 31, 2025.

Principal Payments Due on Debt

As of March 31, 2026, 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):

2026	$	1,243,227	(1)
2027		1,600,000
2028		793,620
2029		900,000
2030		462,945
Thereafter		4,790,426
Total	$	9,790,218

(1)$666 million (of which we have had an approximate $145 million net reduction since March 31, 2026) represents the outstanding balance of our revolving credit facility for which we have provided notice of our intent to extend to 2027 - see "Credit Facility" subheading for further details.