Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Long-Term Debt

The Company's debt, net of unamortized discounts, premiums, and debt issuance costs totaling $36.6 million and $41.7 million at June 30, 2024 and December 31, 2023, respectively, consists of the following.

In thousands	June 30, 2024		December 31, 2023
Credit facility	$	600,000	$	210,000
Term Loan		—		748,092
Notes payable		16,411		17,642
3.8% Senior Notes due 2024		—		892,610
2.268% Senior Notes due 2026		796,294		795,541
4.375% Senior Notes due 2028		994,974		994,327
5.75% Senior Notes due 2031		1,486,305		1,485,460
2.875% Senior Notes due 2032		793,356		792,977
4.9% Senior Notes due 2044		692,571		692,463
Total debt	$	5,379,911	$	6,629,112
Less: Current portion of long-term debt		2,541		895,105
Long-term debt, net of current portion	$	5,377,370	$	5,734,007

Summary of Maturity Dates, Semi-Annual Interest Payment Dates, and Optional Redemption Periods of Outstanding Senior Note Obligations

The following table summarizes the face values, maturity dates, semi-annual interest payment dates, and optional redemption periods related to the Company’s outstanding senior note obligations at June 30, 2024.

	2026 Notes		2028 Notes		2031 Notes		2032 Notes		2044 Notes
Face value (in thousands)	$	800,000	$	1,000,000	$	1,500,000	$	800,000	$	700,000
Maturity date	November 15, 2026		January 15, 2028		January 15, 2031		April 1, 2032		June 1, 2044
Interest payment dates	May 15, Nov 15		Jan 15, July 15		Jan 15, July 15		April 1, Oct 1		June 1, Dec 1
Make-whole redemption period (1)	Nov 15, 2023		Oct 15, 2027		July 15, 2030		January 1, 2032		Dec 1, 2043

(1)At any time prior to the indicated dates, the Company has the option to redeem all or a portion of its senior notes of the applicable series at the “make-whole” redemption amounts specified in the respective senior note indentures plus any accrued and unpaid interest to the date of redemption. On or after the indicated dates, the Company may redeem all or a portion of its senior notes at a redemption amount equal to 100% of the principal amount of the senior notes being redeemed plus any accrued and unpaid interest to the date of redemption.