| Summary of Borrowings |
Our borrowings consisted of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Type of Borrowing | | Date of Issuance | | Maturity | | As of June 30, 2025 | | As of December 31, 2024 | | Senior Unsecured Notes: | | | | | | | | | $1,000,000, 1.20% (issued at 98.875% of par) | | 9/2020 | | 9/2025 | | 1,000,000 | | | 1,000,000 | | $1,000,000, 1.75% (issued at 98.284% of par) | | 9/2020 | | 9/2027 | | 1,000,000 | | | 1,000,000 | | $500,000, 5.15% (issued at 98.758% of par) | | 6/2024 | | 9/2029 | | 500,000 | | | 500,000 | | $1,000,000, 2.20% (issued at 97.760% of par) | | 9/2020 | | 9/2030 | | 1,000,000 | | | 1,000,000 | | $600,000, 2.15% (issued at 98.263% of par) | | 7/2021 | | 9/2031 | | 600,000 | | | 600,000 | | $500,000, 5.40% (issued at 97.872% of par) | | 6/2024 | | 9/2034 | | 500,000 | | | 500,000 | | $1,000,000, 3.30% (issued at 95.556% of par) | | 9/2020 | | 9/2040 | | 1,000,000 | | | 1,000,000 | | $1,000,000, 3.55% (issued at 95.306% of par) | | 9/2020 | | 9/2050 | | 1,000,000 | | | 1,000,000 | | $700,000, 3.35% (issued at 97.565% of par) | | 7/2021 | | 9/2051 | | 700,000 | | | 700,000 | | $500,000, 5.90% (issued at 97.617% of par) | | 6/2024 | | 9/2054 | | 500,000 | | | 500,000 | | | | | | | | | | | | Term Loan | | See below | | 7/2027 | | 380,000 | | | — | | | Unamortized debt discount and issuance costs | | | | | | (177,501) | | | (187,574) | | | Total debt carrying value | | | | | | 8,002,499 | | | 7,612,426 | | | Less: Current portion of long-term debt | | | | | | (999,436) | | | (997,773) | | Total long-term debt | | | | | | $ | 7,003,063 | | | $ | 6,614,653 | |
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| Summary of Repayments of Debt by Year |
The future principal payments for our borrowings as of June 30, 2025 are as follows (in thousands):
| | | | | | | | | | | | | Year | | Principal Payments | Remainder of 2025 | | $ | 1,000,000 | | | 2026 | | — | | | 2027 | | 1,380,000 | | | 2028 | | — | | | 2029 | | 500,000 | | | Thereafter | | 5,300,000 | | Total(1) | | $ | 8,180,000 | |
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