Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt consist of the following (in thousands):

	Interest Rate (1)	Maturities Through	Quarter Ended June 30, 2021		Year Ended December 31, 2020
Fixed rate debt:
Unsecured senior notes	3.70% to 9.13%	2022 - 2028	$	4,610,341	$	2,464,994
Secured senior notes	10.88% to 11.50%	2023 - 2025	3,252,702		3,895,166
Unsecured term loans	2.53% to 5.41%	2021 - 2033	3,017,735		3,210,161
Convertible notes	2.88% to 4.25%	2023	1,506,634		1,454,488
Total fixed rate debt			12,387,412		11,024,809
Variable rate debt:
Unsecured revolving credit facilities (2)	1.38% to 1.78%	2022 - 2024	2,999,342		3,289,000
Unsecured UK Commercial paper	—	2021	—		409,319
USD unsecured term loan	0.59% to 3.33%	2021 - 2033	4,887,153		4,002,249
Euro unsecured term loan	1.15% to 2.25%	2021 - 2028	714,782		705,064
Total variable rate debt			8,601,277		8,405,632
Finance lease liabilities			427,755		213,365
Total debt (3)			21,416,444		19,643,806
Less: unamortized debt issuance costs			(367,028)		(314,763)
Total debt, net of unamortized debt issuance costs			21,049,416		19,329,043
Less—current portion including commercial paper			(970,627)		(1,371,087)
Long-term portion			$	20,078,789	$	17,957,956

(1) Interest rates based on outstanding loan balance as of June 30, 2021 and, for variable rate debt, include either LIBOR or EURIBOR plus the applicable margin.

(2) Includes $1.9 billion facility and $1.3 billion facility, the vast majority of which is due in 2024. Our $1.9 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.30%, which interest was 1.45% as of June 30, 2021 and is subject to a facility fee of a maximum of 0.20%. Our $1.3 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.70%, which interest was 1.85% as of June 30, 2021 and is subject to a facility fee of a maximum of 0.30%.

(3) At June 30, 2021 and December 31, 2020, the weighted average interest rate for total debt was 5.98% and 6.02%, respectively.

Schedule of Maturities of Long-term Debt

The following is a schedule of annual maturities on our total debt net of debt issuance costs, and including finance leases, as of June 30, 2021 for each of the next five years (in thousands):

Year
Remainder of 2021	$	252,306
2022	2,216,489
2023	5,314,547
2024	4,090,590
2025	3,179,162
Thereafter	5,996,322
	$	21,049,416