v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Long-Term Debt

The Company's debt, net of unamortized discounts, premiums, and debt issuance costs totaling $30.9 million and $33.8 million at June 30, 2025 and December 31, 2024, respectively, consists of the following.

 

In thousands

 

June 30, 2025

 

 

December 31, 2024

 

Credit facility

 

$

—

 

 

$

20,000

 

Notes payable

 

 

—

 

 

 

15,159

 

2.268% Senior Notes due 2026

 

 

797,828

 

 

 

797,056

 

4.375% Senior Notes due 2028

 

 

996,312

 

 

 

995,635

 

5.75% Senior Notes due 2031

 

 

1,488,072

 

 

 

1,487,175

 

2.875% Senior Notes due 2032

 

 

794,129

 

 

 

793,740

 

4.9% Senior Notes due 2044

 

 

692,796

 

 

 

692,682

 

Total debt

 

$

4,769,137

 

 

$

4,801,447

 

Less: Current portion of long-term debt

 

 

—

 

 

 

2,587

 

Long-term debt, net of current portion

 

$

4,769,137

 

 

$

4,798,860

 

 
Summary of Maturity Dates, Semi-Annual Interest Payment Dates, and Optional Redemption Periods of Outstanding Senior Note Obligations

The following table summarizes the face values, maturity dates, semi-annual interest payment dates, and optional redemption periods related to the Company’s outstanding senior note obligations at June 30, 2025.

 

 

2026 Notes

 

 

2028 Notes

 

 

2031 Notes

 

 

2032 Notes

 

 

2044 Notes

 

Face value (in thousands)

 

$

800,000

 

 

$

1,000,000

 

 

$

1,500,000

 

 

$

800,000

 

 

$

700,000

 

Maturity date

 

November 15, 2026

 

 

January 15, 2028

 

 

January 15, 2031

 

 

April 1, 2032

 

 

June 1, 2044

 

Interest payment dates

 

May 15, Nov 15

 

 

Jan 15, July 15

 

 

Jan 15, July 15

 

 

April 1, Oct 1

 

 

June 1, Dec 1

 

Make-whole redemption period (1)

 

Nov 15, 2023

 

 

Oct 15, 2027

 

 

July 15, 2030

 

 

January 1, 2032

 

 

Dec 1, 2043

 

 

(1)
At any time prior to the indicated dates, the Company has the option to redeem all or a portion of its senior notes of the applicable series at the “make-whole” redemption amounts specified in the respective senior note indentures plus any accrued and unpaid interest to the date of redemption. On or after the indicated dates, the Company may redeem all or a portion of its senior notes at a redemption amount equal to 100% of the principal amount of the senior notes being redeemed plus any accrued and unpaid interest to the date of redemption.