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LONG-TERM DEBT, NET (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt, net consists of:
December 31,
20232022
(In thousands)
Credit Facility due February 13, 2025$— $— 
Term Loan due February 13, 2027
425,000 425,000 
5.00% Senior Notes due December 15, 2027 (the “5.00% Senior Notes”); interest payable each June 15 and December 15
450,000 450,000 
4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”); interest payable each June 1 and December 1
500,000 500,000 
5.625% Senior Notes due February 15, 2029 (the “5.625% Senior Notes”); interest payable each February 15 and August 15
350,000 350,000 
4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”); interest payable each February 1 and August 1
500,000 500,000 
3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”); interest payable each April 1 and October 1 commencing on April 1, 2022
500,000 500,000 
0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026 Exchangeable Notes”); interest payable each June 15 and December 15
575,000 575,000 
2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030 Exchangeable Notes”); interest payable each January 15 and July 15
575,000 575,000 
Total long-term debt3,875,000 3,875,000 
Less: Unamortized original issue discount3,479 4,366 
Less: Unamortized debt issuance costs29,279 34,908 
Total long-term debt, net$3,842,242 $3,835,726 
The following table presents details of the outstanding exchangeable features:
Number of shares of the Company’s Common Stock into which each $1,000 of Principal of the Exchangeable Notes is Exchangeable(a)
Approximate Equivalent Exchange Price per Share(a)
Exchangeable Date
2026 Exchangeable Notes11.4259$87.52 March 15, 2026
2030 Exchangeable Notes11.8739$84.22 October 15, 2029
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Debt Instrument Redemption
Beginning October 1,Percentage
2026101.813%
2027101.208%
2028100.604%
2029 and thereafter100.000%
Beginning June 1,Percentage
2023102.313%
2024101.156%
2025 and thereafter100.000%
Beginning May 1,Percentage
2025102.063%
2026101.375%
2027100.688%
2028 and thereafter100.000%
Beginning February 15,Percentage
2024102.813%
2025101.875%
2026100.938%
2027 and thereafter100.000%
Beginning December 15,Percentage
2023101.667%
2024100.833%
2025 and thereafter100.000%
Schedule of Exchangeable Notes Hedge and Warrants
The following table sets forth the components of the outstanding Exchangeable Notes as of December 31, 2023 and 2022:
December 31, 2023December 31, 2022
2026 Exchangeable Notes2030 Exchangeable Notes2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Principal$575,000 $575,000 $575,000 $575,000 
Less: unamortized debt issuance costs3,976 6,630 5,562 7,645 
Net carrying value included in long-term debt, net$571,024 $568,370 $569,438 $567,355 
The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding at December 31, 2023:
Number of Shares(a)
Approximate Equivalent Exchange Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Hedges6.6$87.52 
2030 Exchangeable Notes Hedges6.8$84.22 
Number of Shares(a)
Weighted Average Strike Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Warrants6.6$134.76 
2030 Exchangeable Notes Warrants6.8$134.82 
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Interest Expense, Exchangeable Notes
The following table sets forth interest expense recognized related to the Exchangeable Notes for the years ended December 31, 2023, 2022, and 2021:
Year Ended December 31, 2023
2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Contractual interest expense$5,031 $11,500 
Amortization of debt issuance costs1,586 1,015 
Total interest expense recognized$6,617 $12,515 
Year Ended December 31, 2022
2022 Exchangeable Notes(a)
2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Contractual interest expense$366 $5,031 $11,500 
Amortization of debt issuance costs401 1,568 993 
Total interest expense recognized$767 $6,599 $12,493 
Year Ended December 31, 2021
2022 Exchangeable Notes(a)
2026 Exchangeable Notes2030 Exchangeable Notes
(In thousands)
Contractual interest expense$3,525 $5,031 $11,500 
Amortization of debt issuance costs2,939 1,570 989 
Total interest expense recognized$6,464 $6,601 $12,489 
______________________
(a)The outstanding balance of the 2022 Exchangeable Notes was fully redeemed during the year ended December 31, 2022.
Schedule of Long-term Debt Maturities
Long-term debt maturities
Years Ending December 31,(In thousands)
2026$575,000 
2027875,000 
2028500,000 
2029350,000 
20301,075,000 
2031500,000 
Total3,875,000 
Less: Unamortized original issue discount3,479 
Less: Unamortized debt issuance costs29,279 
Total long-term debt, net$3,842,242