XML 49 R27.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Carrying Amount and Fair Value of Long-Term Debt Instruments
Long-term debt is as follows:
 MARCH 31, 2024DECEMBER 31, 2023
 
DEBT
(INCLUSIVE OF
DISCOUNT)
UNAMORTIZED
DEFERRED
FINANCING
COSTS
CARRYING
AMOUNT
FAIR
VALUE
DEBT
(INCLUSIVE OF
DISCOUNT)
UNAMORTIZED
DEFERRED
FINANCING
COSTS
CARRYING
AMOUNT
FAIR
VALUE
Revolving Credit Facility(1)
$660,000 $(4,265)$655,735 $660,000 $— $(4,621)$(4,621)$— 
Term Loan A(1)
225,000 — 225,000 225,000 228,125 — 228,125 228,125 
Term Loan B due 2026(1)
657,605 (2,186)655,419 658,000 659,298 (2,498)656,800 659,750 
Term Loan B due 2031(1)
1,188,318 (12,610)1,175,708 1,197,000 1,191,000 (13,026)1,177,974 1,200,000 
Virginia 3 Term Loans(2)
165,555 (4,206)161,349 165,555 101,218 (4,641)96,577 101,218 
Virginia 4/5 Term Loans(2)
49,994 (5,089)44,905 49,994 16,338 (5,892)10,446 16,338 
Australian Dollar Term Loan(2)
188,064 (426)187,638 189,327 197,743 (482)197,261 199,195 
UK Bilateral Revolving Credit Facility(2)
176,737 — 176,737 176,737 178,239 — 178,239 178,239 
GBP Notes(2)
504,963 (1,510)503,453 487,809 509,254 (1,763)507,491 489,108 
47/8% Notes due 2027(2)
1,000,000 (4,976)995,024 960,000 1,000,000 (5,332)994,668 967,500 
51/4% Notes due 2028(2)
825,000 (4,724)820,276 794,063 825,000 (5,019)819,981 800,250 
5% Notes due 2028(2)
500,000 (3,135)496,865 476,250 500,000 (3,316)496,684 478,750 
7% Notes due 2029(2)
1,000,000 (10,281)989,719 1,015,000 1,000,000 (10,813)989,187 1,027,500 
47/8% Notes due 2029(2)
1,000,000 (7,956)992,044 932,500 1,000,000 (8,318)991,682 945,000 
51/4% Notes due 2030(2)
1,300,000 (9,527)1,290,473 1,225,250 1,300,000 (9,903)1,290,097 1,241,500 
41/2% Notes(2)
1,100,000 (8,607)1,091,393 987,250 1,100,000 (8,917)1,091,083 995,500 
5% Notes due 2032(2)
750,000 (10,880)739,120 682,500 750,000 (11,206)738,794 684,375 
55/8% Notes(2)
600,000 (4,840)595,160 567,000  600,000 (4,985)595,015 567,000 
Real Estate Mortgages, Financing Lease Liabilities and Other552,265 (678)551,587 552,265 519,907 (403)519,504 519,907 
Accounts Receivable Securitization Program360,000 (265)359,735 360,000 358,500 (317)358,183 358,183 
Total Long-term Debt12,803,501 (96,161)12,707,340  12,034,622 (101,452)11,933,170 
Less Current Portion(118,771)— (118,771) (120,670)— (120,670) 
Long-term Debt, Net of Current Portion$12,684,730 $(96,161)$12,588,569  $11,913,952 $(101,452)$11,812,500  
(1)Collectively, the “Credit Agreement”. The Credit Agreement consists of a revolving credit facility (the “Revolving Credit Facility”), a term loan A facility (the “Term Loan A”) and two term loan B facilities (the "Term Loan B due 2026" and the "Term Loan B due 2031"). The Revolving Credit Facility and the Term Loan A are scheduled to mature on March 18, 2027. The Term Loan B due 2026 is scheduled to mature on January 2, 2026. The Term Loan B due 2031 is scheduled to mature on January 31, 2031. The remaining amount available for borrowing under the Revolving Credit Facility as of March 31, 2024 was $1,585,174 (which represents the maximum availability as of such date). The weighted average interest rate in effect under the Revolving Credit Facility was 7.3% as of March 31, 2024.
(2)Each as defined in Note 7 to Notes to Consolidated Financial Statements included in our Annual Report.