Schedule of Outstanding Debt |
As of June 30, 2020 and December 31, 2019, long-term debt consisted of the following: | | | | | | | | | | June 30, 2020 | | December 31, 2019 | | | | | | (in thousands) | | | | | 3.800% senior notes due April 1, 2021 | $ | 756,597 |
| | $ | 760,996 |
| 3.750% senior notes due June 1, 2023 | 564,794 |
| | 567,330 |
| 4.000% senior notes due June 1, 2023 | 569,226 |
| | 572,522 |
| 2.650% senior notes due February 15, 2025 | 992,266 |
| | 991,423 |
| 4.800% senior notes due April 1, 2026 | 814,974 |
| | 820,623 |
| 4.450% senior notes due June 1, 2028 | 484,785 |
| | 486,982 |
| 3.200% senior notes due August 15, 2029 | 1,235,634 |
| | 1,234,843 |
| 2.900% senior notes due May 15, 2030 | 988,408 |
| | — |
| 4.150% senior notes due August 15, 2049 | 739,610 |
| | 739,431 |
| Unsecured term loan facility | 1,983,767 |
| | 1,981,758 |
| Unsecured revolving credit facility | — |
| | 903,000 |
| Finance lease liabilities | 47,140 |
| | 32,996 |
| Other borrowings | 96,400 |
| | 33,597 |
| Total long-term debt | 9,273,601 |
| | 9,125,501 |
| Less current portion | 833,334 |
| | 35,137 |
| Long-term debt, excluding current portion | $ | 8,440,267 |
| | $ | 9,090,364 |
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Schedule of Maturities of Long-Term Debt |
At June 30, 2020, maturities of long-term debt (excluding finance lease liabilities) were as follows by year (in thousands): | | | | | Year ending December 31, | | | | Remainder of 2020 | $ | 36,227 |
| 2021 | 801,771 |
| 2022 | 58,403 |
| 2023 | 1,300,000 |
| 2024 | 1,750,000 |
| 2025 | 1,000,000 |
| 2026 and thereafter | 4,200,000 |
| Total | $ | 9,146,401 |
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Schedule of Derivative Instruments |
The table below presents information about our derivative financial instruments, designated as cash flow hedges, included in the consolidated balance sheets: | | | | | | | | | | | | | | | | | | | | | | | | Fair Values | Derivative Financial Instruments | | Balance Sheet Location | | Weighted-Average Fixed Rate of Interest at June 30, 2020 | | Range of Maturity Dates at June 30, 2020 | | June 30, 2020 | | December 31, 2019 | | | | | | | | | | | | | | | | | | | | (in thousands) | | | | | | | | | | | | Interest rate swaps (Notional of $250 million at December 31, 2019) | | Prepaid expenses and other current assets | | NA | | NA | | $ | — |
| | $ | 472 |
| Interest rate swaps (Notional of $550 million at June 30, 2020) | | Accounts payable and accrued liabilities | | 1.65% | | July 31, 2020 - March 31, 2021 | | $ | 4,244 |
| | $ | — |
| Interest rate swaps (Notional of $1.25 billion at June 30, 2020 and $1.55 billion at December 31, 2019) | | Other noncurrent liabilities | | 2.73% | | December 31, 2022 | | $ | 82,479 |
| | $ | 45,604 |
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Schedule of Derivative Instrument Effect on Other Comprehensive Income (Loss) |
The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income for the three and six months ended June 30, 2020 and 2019: | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2020 | | June 30, 2019 | | June 30, 2020 | | June 30, 2019 | | | | | | | | | | (in thousands) | | | | | | | | | | | | | Net unrealized losses recognized in other comprehensive income (loss) | $ | (5,630 | ) | | $ | (42,222 | ) | | $ | (53,526 | ) | | $ | (56,731 | ) | Net unrealized losses (gains) reclassified out of other comprehensive income (loss) to interest expense | $ | 9,982 |
| | $ | (893 | ) | | $ | 14,653 |
| | $ | (2,723 | ) |
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