Summary of Long-term Debt |
The following table provides a summary of the Company's outstanding debt and the fair values based on quoted market prices in less active markets as of March 31, 2021 and December 31, 2020: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Principal Amount at Par | | | | | Level 2 Fair Value as of | | | March 31, 2021 | | December 31, 2020 | Issuance Date | | Maturity | | March 31, 2021 | | December 31, 2020 | | | (in millions) | | | | | (in millions) | 5.375% Senior Notes | | $ | — | | | $ | 500 | | February 2013 | | February 2021 | | $ | — | | | $ | 502 | | 5.500% Senior Notes | | 700 | | | 700 | | February 2015 | | February 2022 | | 729 | | | 735 | | 5.750% Senior Notes | | 400 | | | 400 | | February 2014 | | March 2024 | | 449 | | | 449 | | 5.875% Senior Notes | | 800 | | | 800 | | February 2015 | | February 2025 | | 917 | | | 921 | | 3.000% Senior Notes (1) | | 551 | | | 574 | | April 2020 | | June 2025 | | 600 | | | 616 | | 3.625% Senior Notes | | 500 | | | 500 | | April 2020 | | June 2025 | | 534 | | | 535 | | 4.375% Senior Notes | | 1,000 | | | 1,000 | | October 2016 | | November 2026 | | 1,119 | | | 1,110 | | 3.625% Senior Notes (1) | | 1,524 | | | 1,588 | | May 2017 | | May 2027 | | 1,748 | | | 1,776 | | 4.875% Senior Notes | | 1,600 | | | 1,600 | | October 2017 | | April 2028 | | 1,812 | | | 1,807 | | 5.875% Senior Notes | | 1,900 | | | 1,900 | | April 2018 | | November 2028 | | 2,302 | | | 2,280 | | 4.625% Senior Notes (1) | | 1,290 | | | 1,344 | | October 2018 | | May 2029 | | 1,605 | | | 1,630 | | 6.375% Senior Notes | | 800 | | | 800 | | October 2018 | | May 2029 | | 997 | | | 995 | | 3.875% Senior Notes (1) | | 1,407 | | | 1,466 | | April 2019 | | November 2029 | | 1,680 | | | 1,700 | | 5.375% Senior Notes | | 900 | | | 900 | | April 2019 | | November 2029 | | 1,065 | | | 1,061 | | 3.625% Senior Notes (1) | | 1,290 | | | 1,344 | | October 2019 | | June 2030 | | 1,513 | | | 1,533 | | 4.875% Senior Notes | | 1,000 | | | 1,000 | | October 2019 | | June 2030 | | 1,152 | | | 1,155 | | | | $ | 15,662 | | | $ | 16,416 | | | | | | $ | 18,222 | | | $ | 18,805 | |
(1) The following Senior Notes have a principal amount denominated in euro: 3.000% Senior Notes for €470 million, 3.625% Senior Notes for €1,300 million, 4.625% Senior Notes for €1,100 million, 3.875% Senior Notes for €1,200 million, and 3.625% Senior Notes for €1,100 million.
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Schedule of Maturities of Long-term Debt |
The expected timing of principal and interest payments for the Company’s outstanding Notes are as follows: | | | | | | | | | | | | | As of | | March 31, 2021 | | December 31, 2020 | | (in thousands) | Less than one year | $ | 1,453,690 | | | $ | 1,264,020 | | Due after one year and through three years | 1,804,714 | | | 2,136,997 | | Due after three years and through five years | 3,161,269 | | | 3,614,906 | | Due after five years | 14,581,110 | | | 14,841,164 | | Total debt obligations | $ | 21,000,783 | | | $ | 21,857,087 | |
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