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Notes Payable - General (Details)
1 Months Ended 3 Months Ended
Nov. 30, 2021
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2023
GBP (£)
Dec. 31, 2022
USD ($)
Mar. 31, 2022
GBP (£)
Jan. 31, 2022
GBP (£)
Nov. 01, 2021
USD ($)
Jul. 31, 2021
GBP (£)
Dec. 31, 2020
USD ($)
Oct. 31, 2020
GBP (£)
5.050% Notes due 2026 | Interest rate swap                    
Debt                    
Length of swap contracts   3 years                
Notes and bonds payable                    
Debt                    
Total principal amount   $ 15,297,000,000   $ 14,114,000,000            
Unamortized net premiums, deferred financing costs and basis adjustment on interest rate swaps designated as fair value hedge (3)   133,300,000   164,000,000            
Net payable amount   $ 15,430,000,000   14,278,000,000            
Notes and bonds payable | 4.600% notes, $500 issued February 2014, of which $485 was exchanged in November 2021, both due in February 2024                    
Debt                    
Interest rate (as a percent)   4.60% 4.60%              
Principal amount   $ 500,000,000                
Amount exchanged $ 485,000,000                  
Total principal amount   $ 500,000,000   500,000,000            
Notes and bonds payable | 3.875% notes, issued in June 2014 and due in July 2024                    
Debt                    
Interest rate (as a percent)   3.875% 3.875%              
Principal amount   $ 350,000,000                
Total principal amount   $ 350,000,000   350,000,000            
Notes and bonds payable | 3.875% notes, issued in April 2018 and due in April 2025                    
Debt                    
Interest rate (as a percent)   3.875% 3.875%              
Principal amount   $ 500,000,000                
Total principal amount   $ 500,000,000   500,000,000            
Notes and bonds payable | 4.625% notes, $550 issued October 2018, of which $544 was exchanged in November 2021, both due in November 2025                    
Debt                    
Interest rate (as a percent)   4.625% 4.625%              
Principal amount   $ 550,000,000                
Amount exchanged 544,000,000                  
Total principal amount   $ 550,000,000   550,000,000            
Notes and bonds payable | 5.050% notes, issued in January 2023 and due in January 2026                    
Debt                    
Interest rate (as a percent)   5.05% 5.05%              
Principal amount   $ 500,000,000                
Total principal amount   $ 500,000,000   0            
Notes and bonds payable | 0.750% notes, issued December 2020 and due in March 2026                    
Debt                    
Interest rate (as a percent)   0.75% 0.75%              
Principal amount   $ 325,000,000                
Total principal amount   $ 325,000,000   325,000,000            
Notes and bonds payable | 4.875% notes, $600 issued June 2016, of which $596 was exchanged in November 2021, both due in June 2026                    
Debt                    
Interest rate (as a percent)   4.875% 4.875%              
Principal amount   $ 600,000,000                
Amount exchanged 596,000,000                  
Total principal amount   $ 600,000,000   600,000,000            
Notes and bonds payable | 4.125% notes, $250 issued in September 2014 and $400 issued in March 2017, both due in October 2026                    
Debt                    
Interest rate (as a percent)   4.125% 4.125%              
Principal amount   $ 650,000,000                
Total principal amount   650,000,000   650,000,000            
Notes and bonds payable | 4.125% notes, issued in September 2014 and due in October 2026                    
Debt                    
Principal amount   250,000,000                
Notes and bonds payable | 4.125% notes, issued in March 2017 and due in October 2026                    
Debt                    
Principal amount   $ 400,000,000                
Notes and bonds payable | 1.875% notes, issued in January 2022 and due in January 2027                    
Debt                    
Interest rate (as a percent)   1.875% 1.875%   1.875% 0.01875%        
Principal amount | £     £ 250,000,000   £ 250,000,000.0 £ 250,000,000        
Total principal amount   $ 309,000,000   301,000,000            
Notes and bonds payable | 3.000% notes, issued in October 2016 and due in January 2027                    
Debt                    
Interest rate (as a percent)   3.00% 3.00%              
Principal amount   $ 600,000,000                
Total principal amount   $ 600,000,000   600,000,000            
Notes and bonds payable | 1.125% notes, issued in July 2021 and due in July 2027                    
Debt                    
Interest rate (as a percent)   1.125% 1.125%         0.01125%    
Principal amount | £     £ 400,000,000         £ 400,000,000    
Total principal amount   $ 495,000,000   482,000,000            
Notes and bonds payable | 3.950% notes, $600 issued August 2017, of which $594 was exchanged in November 2021, both due in August 2027                    
Debt                    
Interest rate (as a percent)   3.95% 3.95%              
Principal amount   $ 600,000,000                
Amount exchanged 594,000,000                  
Total principal amount   $ 600,000,000   600,000,000            
Notes and bonds payable | 3.650% notes, issued in December 2017 and due in January 2028                    
Debt                    
Interest rate (as a percent)   3.65% 3.65%              
Principal amount   $ 550,000,000                
Total principal amount   $ 550,000,000   550,000,000            
Notes and bonds payable | 3.400% notes, $600 issued June 2020, of which $598 was exchanged in November 2021, both due in January 2028                    
Debt                    
Interest rate (as a percent)   3.40% 3.40%              
Principal amount   $ 600,000,000                
Amount exchanged 598,000,000                  
Total principal amount   $ 600,000,000   600,000,000            
Notes and bonds payable | 2.200% notes, $500 issued November 2020, of which $497 was exchanged in November 2021, both due in June 2028                    
Debt                    
Interest rate (as a percent)   2.20% 2.20%              
Principal amount   $ 500,000,000                
Amount exchanged 497,000,000                  
Total principal amount   $ 500,000,000   500,000,000            
Notes and bonds payable | 3.250% notes, issued in June 2019 and due in June 2029                    
Debt                    
Interest rate (as a percent)   3.25% 3.25%              
Principal amount   $ 500,000,000                
Total principal amount   $ 500,000,000   500,000,000            
Notes and bonds payable | 3.100% notes, $600 issued December 2019, of which $596 was exchanged in November 2021, both due in December 2029                    
Debt                    
Interest rate (as a percent)   3.10% 3.10%              
Principal amount   $ 599,000,000         $ 599,000,000   $ 600,000,000  
Amount exchanged 596,000,000                  
Total principal amount   599,000,000   599,000,000            
Early participation premium per $1000 of principal             $ 30      
Notes and bonds payable | Senior Unsecured Notes Payable 3.100 Due December2029, First Issuance December 2019                    
Debt                    
Principal amount   $ 600,000,000                
Notes and bonds payable | 4.850% notes, issued in January 2023 and due in March 2030                    
Debt                    
Interest rate (as a percent)   4.85% 4.85%              
Principal amount   $ 600,000,000                
Total principal amount   $ 600,000,000   0            
Notes and bonds payable | 3.160% notes, issued in June 2022 and due in June 2030                    
Debt                    
Interest rate (as a percent)   3.16% 3.16%              
Principal amount | £     £ 140,000,000              
Total principal amount   $ 173,000,000   169,000,000            
Notes and bonds payable | 1.625% Notes due 2030                    
Debt                    
Interest rate (as a percent)   1.625% 1.625%             0.01625%
Principal amount | £     £ 400,000,000             £ 400,000,000
Total principal amount   $ 495,000,000   482,000,000            
Notes and bonds payable | 3.250% notes, $600 issued in May 2020 and $350 issued in July 2020, both due in January 2031                    
Debt                    
Interest rate (as a percent)   3.25% 3.25%              
Principal amount   $ 950,000,000                
Total principal amount   950,000,000   950,000,000            
Notes and bonds payable | 3.250% notes, issued in May 2020 and due in January 2031                    
Debt                    
Principal amount   600,000,000                
Notes and bonds payable | 3.250% notes, issued in July 2020 and due in January 2031                    
Debt                    
Principal amount   $ 350,000,000                
Notes and bonds payable | 3.180% notes, issued in June 2022 and due in June 2032                    
Debt                    
Interest rate (as a percent)   3.18% 3.18%              
Principal amount | £     £ 345,000,000              
Total principal amount   $ 427,000,000   416,000,000            
Notes and bonds payable | 5.625% notes, issued in October 2022 and due in October 2032                    
Debt                    
Interest rate (as a percent)   5.625% 5.625%              
Principal amount   $ 750,000,000                
Total principal amount   $ 750,000,000   750,000,000            
Notes and bonds payable | 2.850% notes, $700 issued November 2020, of which $699 was exchanged in November 2021, both due in December 2032                    
Debt                    
Interest rate (as a percent)   2.85% 2.85%              
Principal amount   $ 700,000,000                
Amount exchanged $ 699,000,000                  
Total principal amount   $ 700,000,000   700,000,000            
Notes and bonds payable | 1.800% notes, issued in December 2020 and due in March 2033                    
Debt                    
Interest rate (as a percent)   1.80% 1.80%              
Principal amount   $ 400,000,000                
Total principal amount   $ 400,000,000   400,000,000            
Notes and bonds payable | 1.750% notes, issued in July 2021 and due in July 2033                    
Debt                    
Interest rate (as a percent)   1.75% 1.75%         0.0175%    
Principal amount | £     £ 350,000,000         £ 350,000,000    
Total principal amount   $ 433,000,000   422,000,000            
Notes and bonds payable | 2.730% notes, issued in May 2019 and due in May 2034                    
Debt                    
Interest rate (as a percent)   2.73% 2.73%              
Principal amount | £     £ 315,000,000              
Total principal amount   $ 390,000,000   379,000,000            
Notes and bonds payable | 5.875% bonds, $100 issued in March 2005 and $150 issued in June 2011, both due in March 2035                    
Debt                    
Interest rate (as a percent)   5.875% 5.875%              
Principal amount   $ 250,000,000                
Total principal amount   250,000,000   250,000,000            
Notes and bonds payable | 5.875% bonds, issued in March 2005 and due in March 2035                    
Debt                    
Principal amount   100,000,000                
Notes and bonds payable | 5.875% bonds, issued in June 2011 and due in March 2035                    
Debt                    
Principal amount   $ 150,000,000                
Notes and bonds payable | 3.390% notes due 2037                    
Debt                    
Interest rate (as a percent)   3.39% 3.39%              
Principal amount | £     £ 115,000,000              
Total principal amount   $ 142,000,000   138,000,000            
Notes and bonds payable | 2.500% notes, issued in January 2022 and due in January 2042                    
Debt                    
Interest rate (as a percent)   2.50% 2.50%   2.50% 0.025%        
Principal amount | £     £ 250,000,000   £ 250,000,000.0 £ 250,000,000        
Total principal amount   $ 309,000,000   301,000,000            
Notes and bonds payable | 4.650% notes, $300 issued in March 2017 and $250 issued in December 2017, both due in March 2047                    
Debt                    
Interest rate (as a percent)   4.65% 4.65%              
Principal amount   $ 550,000,000                
Total principal amount   550,000,000   550,000,000            
Notes and bonds payable | 4.650% notes, issued in March 2017 and due in March 2047                    
Debt                    
Principal amount   300,000,000                
Notes and bonds payable | 4.650% notes, issued in December 2017 and due in March 2047                    
Debt                    
Principal amount   250,000,000                
Notes and bonds payable | VEREIT OP notes not exchanged                    
Debt                    
Total principal amount   $ 39,100,000   $ 39,100,000            
Notes and bonds payable | 5.050% Notes due 2026                    
Debt                    
Interest rate (as a percent)   5.05% 5.05%              
Principal amount   $ 500,000,000