Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Debt

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

	As of December 31, 2021			As of December 31, 2020
Revolving credit facility(A)	$	730,000		$	165,407
Interim credit facilities		869,606			—
Term loan		200,000			200,000
British pound sterling term loan(B)		947,240			956,900
Australian term loan facility(B)		871,560			923,280
4.000% Senior Unsecured Notes due 2022(B)		—			610,800
2.550% Senior Unsecured Notes due 2023(B)		541,280			546,800
3.325% Senior Unsecured Notes due 2025(B)		568,500			610,800
0.993% Senior Unsecured Notes due 2026(B)		568,500			—
2.500% Senior Unsecured Notes due 2026(B)		676,600			—
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)		811,920			820,200
4.625% Senior Unsecured Notes due 2029		900,000			900,000
3.375% Senior Unsecured Notes due 2030(B)		473,620			—
3.500% Senior Unsecured Notes due 2031		1,300,000			1,300,000
	$	11,358,826		$	8,934,187
Debt issue costs and discount, net		(76,056	)		(68,729	)
	$	11,282,770		$	8,865,458

(A) The 2020 column includes £121 million of GBP-denominated borrowings that reflect the exchange rate at December 31, 2020.

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

Principal Payments Due on Debt

As of December 31, 2021, 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):

2022	$	869,606
2023		541,280
2024		1,601,560
2025		1,515,740
2026		1,945,100
Thereafter		4,885,540
Total	$	11,358,826

Basic Terms of Senior Unsecured Notes

The following are the basic terms of our senior unsecured notes at December 31, 2021 (par value amounts in thousands):

	Offering Completion Date	Maturity Date	Par Value		% of Par Value			Interest Payment Frequency
2.550% Senior Unsecured Notes due 2023	December 5, 2019	December 5, 2023	£	400,000		100.000	%	Annually
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