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Notes Payable (Tables) - Notes and bonds payable
 9 Months Ended
Sep. 30, 2023
Debt  
Schedule of Unsecured Notes and Bonds
At September 30, 2023, our senior unsecured notes and bonds are USD-denominated, Sterling-denominated, and Euro-denominated. Foreign-denominated notes are converted at the applicable exchange rate on the balance sheet date. The following are sorted by maturity date (in thousands):
Carrying Value (USD) as of
Maturity DatesPrincipal (Currency Denomination)September 30, 2023December 31, 2022
4.600% Notes due 2024
February 6, 2024$499,999 $499,999 $499,999 
3.875% Notes due 2024
July 15, 2024$350,000 350,000 350,000 
3.875% Notes due 2025
April 15, 2025$500,000 500,000 500,000 
4.625% Notes due 2025
November 1, 2025$549,997 549,997 549,997 
5.050% Notes due 2026
January 13, 2026$500,000 500,000 — 
0.750% Notes due 2026
March 15, 2026$325,000 325,000 325,000 
4.875% Notes due 2026
June 1, 2026$599,997 599,997 599,997 
4.125% Notes due 2026
October 15, 2026$650,000 650,000 650,000 
1.875% Notes due 2027 (1)
January 14, 2027£250,000 305,075 301,225 
3.000% Notes due 2027
January 15, 2027$600,000 600,000 600,000 
1.125% Notes due 2027 (1)
July 13, 2027£400,000 488,120 481,960 
3.950% Notes due 2027
August 15, 2027$599,873 599,873 599,873 
3.650% Notes due 2028
January 15, 2028$550,000 550,000 550,000 
3.400% Notes due 2028
January 15, 2028$599,816 599,816 599,816 
2.200% Notes due 2028
June 15, 2028$499,959 499,959 499,959 
4.700% Notes due 2028
December 15, 2028$400,000 400,000 — 
3.250% Notes due 2029
June 15, 2029$500,000 500,000 500,000 
3.100% Notes due 2029
December 15, 2029$599,291 599,291 599,291 
4.850% Notes due 2030
March 15, 2030$600,000 600,000 — 
3.160% Notes due 2030
June 30, 2030£140,000 170,842 168,686 
4.875% Notes due 2030 (1)
July 6, 2030€550,000 582,120 — 
1.625% Notes due 2030 (1)
December 15, 2030£400,000 488,120 481,960 
3.250% Notes due 2031
January 15, 2031$950,000 950,000 950,000 
3.180% Notes due 2032
June 30, 2032£345,000 421,004 415,691 
5.625% Notes due 2032
October 13, 2032$750,000 750,000 750,000 
2.850% Notes due 2032
December 15, 2032$699,655 699,655 699,655 
1.800% Notes due 2033
March 15, 2033$400,000 400,000 400,000 
1.750% Notes due 2033 (1)
July 13, 2033£350,000 427,105 421,715 
4.900% Notes due 2033
July 15, 2033$600,000 600,000 — 
2.730% Notes due 2034
May 20, 2034£315,000 384,395 379,544 
5.125% Notes due 2034 (1)
July 6, 2034€550,000 582,120 — 
5.875% Bonds due 2035
March 15, 2035$250,000 250,000 250,000 
3.390% Notes due 2037
June 30, 2037£115,000 140,335 138,563 
2.500% Notes due 2042 (1)
January 14, 2042£250,000 305,075 301,225 
4.650% Notes due 2047
March 15, 2047$550,000 550,000 550,000 
Total principal amount$17,417,897 $14,114,156 
Unamortized net premiums, deferred financing costs, and cumulative basis adjustment on fair value hedge (2)
64,755 163,857 
 $17,482,652 $14,278,013 
(1) Interest paid annually. Interest on the remaining senior unsecured notes and bond obligations included in the table is paid semi-annually.
(2) In January 2023, in conjunction with the pricing of these senior unsecured notes due January 2026, we entered into three-year, fixed-to-variable interest rate swaps, which are accounted for as fair value hedges. See Note 11, Derivative Instruments for further details.
Schedule of Maturity of Debt, Net
The following table summarizes the maturity of our notes and bonds payable as of September 30, 2023, excluding $64.8 million related to unamortized net premiums, deferred financing costs, and basis adjustment on interest rate swaps designated as fair value hedges (dollars in millions):
Year of Maturity
Principal
2023$— 
2024850.0 
20251,050.0 
20262,075.0 
20271,993.1 
Thereafter11,449.8 
Totals
$17,417.9 
Schedule of Note Issuances
During the nine months ended September 30, 2023, we issued the following notes and bonds (in millions):
Date of IssuanceMaturity DatePrincipal amountPrice of par valueEffective yield to maturity
5.050% Notes
January 2023January 2026$500.0 
(1)
99.618 %5.189 %
4.850% Notes
January 2023March 2030$600.0 98.813 %5.047 %
4.700% Notes
April 2023December 2028$400.0 98.949 %4.912 %
4.900% Notes
April 2023July 2033$600.0 98.020 %5.148 %
4.875% Notes
July 2023July 2030€550.0 99.421 %4.975 %
5.125% Notes
July 2023July 2034€550.0 99.506 %5.185 %

(1)    In January 2023, we issued $500 million of 5.05% senior unsecured notes due January 13, 2026, which are callable at par on January 13, 2024.