XML 74 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Details)
9 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended
Sep. 30, 2014
USD ($)
item
Dec. 31, 2013
USD ($)
Sep. 30, 2014
Line of Credit and Term Loan
Sep. 30, 2014
Bank Line of Credit
USD ($)
Mar. 31, 2014
Bank Line of Credit
USD ($)
Jul. 30, 2012
2012 Term Loan
GBP (£)
Sep. 30, 2014
2012 Term Loan
USD ($)
Sep. 30, 2014
2012 Term Loan
GBP (£)
Jul. 30, 2012
2012 Term Loan
Interest-rate swap contracts
Sep. 30, 2014
Senior Unsecured Notes
USD ($)
Sep. 30, 2014
Senior Unsecured Notes
Minimum
Sep. 30, 2014
Senior Unsecured Notes
Maximum
Aug. 14, 2014
Senior Unsecured, 3.875% notes due 2024[Member]
USD ($)
Aug. 14, 2014
Senior Unsecured, 3.875% notes due 2024[Member]
USD ($)
Aug. 07, 2014
Senior Unsecured, 3.875% notes due 2024[Member]
Feb. 12, 2014
Senior Unsecured, 4.20% notes due 2024
USD ($)
Feb. 01, 2014
Senior unsecured notes, 2.7%
USD ($)
Feb. 01, 2014
Senior unsecured notes, 2.7%
Dec. 16, 2013
Senior unsecured notes, 5.65%
USD ($)
Nov. 12, 2013
Senior Unsecured, 4.25% notes due 2023
USD ($)
Feb. 28, 2013
Senior Unsecured, 5.625%
USD ($)
Sep. 30, 2014
Mortgage Debt
USD ($)
item
Sep. 30, 2014
Mortgage Debt
Minimum
Sep. 30, 2014
Mortgage Debt
Maximum
Sep. 30, 2014
Demand Note
USD ($)
Sep. 30, 2014
Non-interest Bearing Life Care Bonds
USD ($)
Debt Instrument                                                    
Increased maximum borrowing capacity         $ 500,000,000                                          
Line of credit facility, maximum borrowing capacity         2,000,000,000                                          
Length of debt instrument extension period       1 year   1 year                                        
Debt instrument, variable rate basis       LIBOR   GBP LIBOR                                        
Debt instrument, basis spread on variable rate (as a percent)       0.925%   1.20%                                        
Debt instrument, facility fee (as a percent)       0.15%                                            
Line of credit facility additional aggregate amount, maximum       500,000,000                                            
Bank line of credit 70,000,000     70,000,000                                            
Debt instrument, covenant debt to assets (as a percent)     60.00%                                              
Debt instrument, covenant secured debt to assets (as a percent)     30.00%                                              
Debt instrument, covenant unsecured debt to unencumbered assets (as a percent)     60.00%                                              
Debt instrument, covenant minimum fixed charge coverage ratio     1.5                                              
Debt instrument, covenant net worth       9,500,000,000                                            
Debt instrument, effective interest rate (as a percent)                             3.92% 4.257%       4.307%            
Weighted-average interest rate (as a percent)       1.34%           4.95%                       6.21%        
Weighted-average maturity                   6 years                       3 years        
Issuance of senior unsecured notes                           800,000,000   350,000,000       800,000,000            
Debt issuance price as a percentage of principal amount                           99.63%   99.537%       99.54%            
Repayment of senior unsecured notes                                 400,000,000   400,000,000   150,000,000          
Net proceeds from issuance of senior unsecured notes                         792,000,000     346,000,000       789,000,000            
Stated interest rate (as a percent)                     2.79% 6.99%   3.875%   4.20%   2.70% 5.65% 4.25% 5.625%   0.44% 8.69% 4.50%  
2014 (Six months) 249,052,000                                         249,052,000        
2015 440,164,000                 400,000,000                       40,164,000        
2016 1,413,854,000           222,118,000     900,000,000                       291,736,000        
2017 1,300,477,000                 750,000,000                       550,477,000        
2018 676,583,000     70,000,000           600,000,000                       6,583,000        
Thereafter 5,065,242,000                 5,000,000,000                       65,242,000        
Total debt before discount, net 9,145,372,000     70,000,000     222,118,000     7,650,000,000                       1,203,254,000        
Discounts, net (28,580,000)                 (24,959,000)                       (3,621,000)        
Debt instruments, carrying amount 9,116,792,000     70,000,000   137,000,000 222,118,000 137,000,000   7,625,041,000                       1,199,633,000        
Number of healthcare facilities used to secure debt                                           88        
Debt instrument, collateral, healthcare facilities carrying value                                           1,400,000,000        
Maturity period of debt instruments           4 years                                        
Term of the interest rate swap agreement                 4 years                                  
Debt instrument, fixed interest rate (as a percent)                 1.81%                                  
Portion of other debt and occupancy fee deposits excluded from schedule of debt maturities $ 97,845,000 $ 74,909,000                                             $ 26,000,000 $ 72,000,000
Number of CCRC issuing non-interest life care bonds 2                                                  
Number of facilities with non-interest bearing occupancy fee deposits 2