Long-Term Borrowings, Capital Lease Obligations and License Agreements (Tables)

6 Months Ended

Jun. 30, 2018

Long-term Borrowings, Capital Lease Obligations and License Agreements

Summary of the Company’s borrowings and repayments on outstanding debt, capital lease obligations and license agreements:

	Six months ended June 30, 2018
(in thousands)	Borrowings		Capital lease obligations		License agreements		Total
Additional borrowings	$	3,502,955		7,382		3,416	$	3,513,753
Principal payments		2,620,139		5,372		1,024		2,626,535

Summary of long-term debt

Long-term debt as of June 30, 2018 and December 31, 2017 consists of:

(in thousands)	June 30, 2018		December 31, 2017
3.800% Senior Notes due April 1, 2021 (5 year tranche), net of discount and debt issuance costs	$	745,708	745,000
4.800% Senior Notes due April 1, 2026 (10 year tranche), net of discount and debt issuance costs		743,384	743,042
2.375% Senior Notes due June 1, 2018 (5 year tranche), net of discount and debt issuance costs		-	549,532
3.750% Senior Notes due June 1, 2023 (10 year tranche), net of discount and debt issuance costs		545,210	544,780
4.000% Senior Notes due June 1, 2023 (5 year tranche), net of discount and debt issuance costs		545,394	-
4.450% Senior Notes due June 1, 2028 (10 year tranche), net of discount and debt issuance costs		445,261	-
LIBOR + 1.500%, unsecured term facility, due February 23, 2021, with quarterly principal and interest payments, net of debt issuance costs		-	368,645
LIBOR + 1.300%, unsecured revolving loan, due February 23, 2021, with monthly interest payments on outstanding balances		-	200,000
LIBOR + 1.300%, unsecured revolving loan, due April 23, 2023, with monthly interest payments on outstanding balances		980,000	-
3.760% note payable due March 20, 2020, with monthly interest and principal payments		22,816	-
Total debt		4,027,773	3,150,999
Less current portion		(12,854)	(559,050)
Noncurrent portion of long-term debt	$	4,014,919	2,591,949