Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Summary of Borrowings

Our borrowings consisted of the following (in thousands):

Type of Borrowing	Date of Issuance	Maturity	As of March 31, 2024		As of December 31, 2023
Senior Unsecured Notes:
$1,000,000, 1.20% (issued at 98.875% of par)	9/2020	9/2025	1,000,000		1,000,000
$1,000,000, 1.75% (issued at 98.284% of par)	9/2020	9/2027	1,000,000		1,000,000
$1,000,000, 2.20% (issued at 97.760% of par)	9/2020	9/2030	1,000,000		1,000,000
$600,000, 2.15% (issued at 98.263% of par)	7/2021	9/2031	600,000		600,000
$1,000,000, 3.30% (issued at 95.556% of par)	9/2020	9/2040	1,000,000		1,000,000
$1,000,000, 3.55% (issued at 95.306% of par)	9/2020	9/2050	1,000,000		1,000,000
$700,000, 3.35% (issued at 97.565% of par)	7/2021	9/2051	700,000		700,000
Unamortized debt discount and issuance costs			(160,624)		(164,715)
Total debt carrying value			6,139,376		6,135,285
Less: Current portion of long-term debt			—		—
Total long-term debt			$	6,139,376	$	6,135,285

Summary of Repayments of Debt by Year

The future principal payments for our borrowings as of March 31, 2024 over the next five years and thereafter are as follows (in thousands):

Year	Principal Payments
Remainder of 2024	$	—
2025	1,000,000
2026	—
2027	1,000,000
2028	—
Thereafter	4,300,000
Total(1)	$	6,300,000

(1)Excludes unamortized debt discount and issuance costs of $160.6 million as of March 31, 2024, which are amortized through interest expense over the remaining life of the underlying debt obligations.