Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt consists of the following (in thousands):

	Interest Rate (1)	Maturities Through	As of September 30, 2022		As of December 31, 2021
Fixed rate debt:
Unsecured senior notes	3.70% to 11.63%	2023 - 2028	$	7,199,316	$	5,604,498
Secured senior notes	10.88% to 11.50%	2023 - 2025	2,364,360		2,354,037
Unsecured term loans	1.28% to 5.89%	2026 - 2034	4,598,946		2,860,567
Convertible notes	2.88% to 6.00%	2023 - 2025	1,725,000		1,558,780
Total fixed rate debt			15,887,622		12,377,882
Variable rate debt:
Unsecured revolving credit facilities (2)	4.44% to 4.84%	2022 - 2024	2,329,342		2,899,342
USD unsecured term loan	4.63% to 8.25%	2022 - 2037	4,608,777		5,018,740
Euro unsecured term loan	2.26% to 6.01%	2022 - 2028	540,885		685,633
Total variable rate debt			7,479,004		8,603,715
Finance lease liabilities			402,227		472,275
Total debt (3)			23,768,853		21,453,872
Less: unamortized debt issuance costs			(439,482)		(363,532)
Total debt, net of unamortized debt issuance costs			23,329,371		21,090,340
Less—current portion			(3,945,145)		(2,243,131)
Long-term portion			$	19,384,226	$	18,847,209

(1) Interest rates based on outstanding loan balance as of September 30, 2022 and, for variable rate debt, include either LIBOR, EURIBOR or Term SOFR 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 4.44% as of September 30, 2022 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 4.84% as of September 30, 2022 and is subject to a facility fee of a maximum of 0.30%.

(3) At September 30, 2022 and December 31, 2021, the weighted average interest rate for total debt was 7.19% and 5.47%, 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 of $439.5 million, and including finance leases, as of September 30, 2022 for each of the next five years (in thousands):

Year	As of September 30, 2022 (1)
Remainder of 2022	589,222
2023 (2)	4,062,005
2024	4,063,513
2025	3,617,022
2026	2,706,650
Thereafter	8,290,959
	23,329,371

(1)    Debt denominated in other currencies is calculated based on the applicable exchange rate at September 30, 2022.

(2)    In October 2022, we issued $2.0 billion of aggregate principal notes due 2029, the proceeds of which were used to repay $2.0 billion of 2023 debt maturities.