XML 66 R55.htm IDEA: XBRL DOCUMENT v3.23.3
Revolving Credit Facility and Commercial Paper Programs (Details)
$ in Thousands, € in Millions, £ in Millions
9 Months Ended
Sep. 30, 2023
USD ($)
extension
currency
Sep. 30, 2022
Sep. 30, 2023
GBP (£)
extension
Sep. 30, 2023
EUR (€)
extension
Dec. 31, 2022
USD ($)
Dec. 31, 2022
GBP (£)
Dec. 31, 2022
EUR (€)
Credit facility              
Credit facility origination costs $ 13,497       $ 17,196    
Commercial paper borrowings outstanding $ 376,800       701,800   € 361.0
Weighted average interest rate at the end of the period (as a percent) 4.00%   4.00% 4.00%      
Unsecured debt | U.S. Dollar-Denominated Unsecured Commercial Paper Program              
Credit facility              
Maximum aggregate capacity of commercial paper program $ 1,500,000            
Unsecured debt | Euro-Denominated Unsecured Commercial Paper Program              
Credit facility              
Maximum aggregate capacity of commercial paper program 1,500,000            
Revolving credit facility | Unsecured debt              
Credit facility              
Current borrowing capacity 3,800,000            
Outstanding balance $ 481,500       2,000,000 £ 70.0 € 1,800.0
Weighted average borrowing rate during the period (as a percent) 4.80% 1.70%          
Weighted average interest rate at the end of the period (as a percent) 5.90%   5.90% 5.90%      
Credit facility origination costs $ 13,500       $ 17,200    
Revolving credit facility | Unsecured debt | GBP              
Credit facility              
Outstanding balance     £ 372.0 € 26.0      
Revolving credit facility | Unsecured debt | Multicurrency Credit Facility              
Credit facility              
Maximum borrowing capacity $ 4,250,000            
Number of extensions | extension 2   2 2      
Term of extension option 6 months            
Number of currencies allowable per facility | currency 14            
Credit facility expansion option $ 1,000,000            
Revolving credit facility | Unsecured debt | Secured Overnight Financing Rate (SOFR) | Multicurrency Credit Facility              
Credit facility              
Basis spread on variable rate (as a percent) 0.725%            
Basis spread on variable rate, adjustment chare (as a percent) 0.10%            
Commitment fee (as a percent) 0.125%            
All-in drawn variable interest rate (as a percent) 0.95%            
Revolving credit facility | Unsecured debt | Sterling Overnight Indexed Average (SONIA) | Multicurrency Credit Facility              
Credit facility              
Basis spread on variable rate (as a percent) 0.725%            
Basis spread on variable rate, adjustment chare (as a percent) 0.0326%            
Commitment fee (as a percent) 0.125%            
All-in drawn variable interest rate (as a percent) 0.8826%            
Revolving credit facility | Unsecured debt | Euro Interbank Offered Rate (EURIBOR) | Multicurrency Credit Facility              
Credit facility              
Basis spread on variable rate (as a percent) 0.725%            
Commitment fee (as a percent) 0.125%            
All-in drawn variable interest rate (as a percent) 0.85%            
Commercial paper              
Credit facility              
Weighted average borrowing rate during the period (as a percent) 4.70% 1.30%