FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2021

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis and their classification under the fair value hierarchy:


	Fair Value Hierarchy	March 31, 2021		December 31, 2020
Assets:
Money market funds	Level I	$	150,965	$	50,236
Investment securities pledged as collateral	Level I	2,324,308		2,250,854
Prepaid forward contracts	Level II	—		45,653
Interest rate swap contracts	Level II	8,252		9,906
Liabilities:
Prepaid forward contracts	Level II	(301,418)		293,506
Interest rate swap contracts	Level II	(183,845)		275,297

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments


		March 31, 2021				December 31, 2020
	Fair Value Hierarchy	Carrying Amount (a)		Estimated Fair Value		Carrying Amount (a)		Estimated Fair Value

Credit facility debt	Level II	$	8,221,097	$	8,280,500	$	8,288,000	$	8,350,188
Collateralized indebtedness	Level II	1,677,985		1,753,986		1,617,506		1,692,724
Senior guaranteed notes and senior secured notes	Level II	8,068,088		8,363,231		8,066,796		8,567,858
Senior notes	Level II	8,424,646		8,734,561		8,415,602		9,024,990
Notes payable and supply chain financing	Level II	118,065		118,183		174,801		175,251





		$	26,509,881	$	27,250,461	$	26,562,705	$	27,811,011

(a)Amounts are net of unamortized deferred financing costs and discounts/premiums.