Long-Term Debt - 2025 Transactions (Details)
$ / shares in Units, € in Millions |
1 Months Ended |
3 Months Ended |
12 Months Ended |
|
|
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|
Sep. 30, 2025
USD ($)
item
$ / shares
shares
|
Apr. 30, 2025
USD ($)
$ / shares
shares
|
Jan. 31, 2025
USD ($)
|
Sep. 30, 2025
USD ($)
$ / shares
|
Jun. 30, 2025
USD ($)
|
Mar. 31, 2025
USD ($)
|
Dec. 31, 2025
USD ($)
$ / shares
|
Dec. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
Jul. 31, 2025
EUR (€)
|
May 31, 2025
USD ($)
|
Mar. 31, 2025
EUR (€)
|
| Debt Instrument [Line Items] |
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| Loss on extinguishment of debt |
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$ (272,085,000)
|
$ (29,175,000)
|
$ (6,701,000)
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| Equity offering shares | shares |
3,313,868
|
3,358,098
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| Shares issued, price per share | $ / shares |
$ 24.53
|
$ 19.06
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$ 24.53
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| Senior Unsecured Notes Due 2032 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 1,800,000,000
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$ 1,800,000,000
|
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| Interest rate |
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6.75%
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|
6.75%
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| Senior Unsecured Notes Due 2032 | Call Date, Scenario One |
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| Debt Instrument [Line Items] |
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| Redemption price as a percentage of face amount |
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100.00%
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| Senior Unsecured Notes Due 2032 | Call Date, Scenario Two |
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| Debt Instrument [Line Items] |
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| Percentage of principal amount of debt redeemed |
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|
40.00%
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| Redemption price as a percentage of face amount |
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|
106.75%
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| Percentage of thresholds, after percentage |
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|
60.00%
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| Senior Unsecured Notes Due 2026 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 1,425,000,000
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| Interest rate |
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|
5.875%
|
5.88%
|
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| Debt instrument redemption amount |
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|
$ 1,200,000,000
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| Senior Secured Notes Due 2028 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 600,000,000
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| Interest rate |
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|
8.375%
|
8.38%
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| Debt instrument redemption amount |
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$ 600,000,000
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| Revolving Loan Facility |
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| Debt Instrument [Line Items] |
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| Interest rate |
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5.54%
|
6.77%
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| Maximum borrowing capacity |
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|
$ 1,700,000,000
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|
$ 2,500,000,000
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|
$ 1,200,000,000
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|
$ 1,700,000,000
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| Number of vessels | item |
9
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| Revolving Loan Facility | Minimum |
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| Debt Instrument [Line Items] |
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| Commitment fee, percentage |
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0.15%
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| Revolving Loan Facility | Maximum |
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| Debt Instrument [Line Items] |
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| Commitment fee, percentage |
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0.30%
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| Revolving Loan Facility | Base Rate | Minimum |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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0.00%
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| Revolving Loan Facility | Base Rate | Maximum |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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|
1.00%
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| Revolving Loan Facility | SOFR Rate | Minimum |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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1.00%
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| Revolving Loan Facility | SOFR Rate | Maximum |
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| Debt Instrument [Line Items] |
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| Basis spread on variable rate |
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2.00%
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| Revolving Loan Facility | Scenario For Maturity Date Earlier To January 22, 2030 |
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| Debt Instrument [Line Items] |
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| Debt instrument outstanding, threshold |
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|
$ 400,000,000
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| Senior Unsecured Notes Due 2029 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 600,000,000
|
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| Interest rate |
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|
7.75%
|
7.75%
|
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| Senior Secured Notes Due 2029 |
|
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| Debt Instrument [Line Items] |
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| Principal amount |
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|
$ 790,000,000
|
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| Interest rate |
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|
8.125%
|
8.13%
|
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| Senior unsecured notes due 2026 and senior secured notes due 2028 | Interest expense, net |
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| Debt Instrument [Line Items] |
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| Loss on extinguishment of debt |
|
|
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|
$ (49,500,000)
|
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| Senior Unsecured Notes Due 2030 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 315,000,000
|
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| Interest rate |
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6.25%
|
6.25%
|
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| Norwegian Aqua Term Loan |
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| Debt Instrument [Line Items] |
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| Export credit facility financing as percentage of contract price |
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80.00%
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| Principal amount | € |
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|
€ 1,000.0
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| Interest rate |
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|
1.83%
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| Exchangeable Senior Notes Due 2025 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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$ 353,900,000
|
|
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|
$ 450,000,000
|
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| Interest rate |
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|
5.375%
|
5.38%
|
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| Aggregate cash payment, premium |
|
64,000,000
|
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| Exchangeable Senior Notes Due 2025 | Interest expense, net |
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| Debt Instrument [Line Items] |
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| Loss on extinguishment of debt |
|
|
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|
$ (68,400,000)
|
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| 0.875% Exchangeable Senior Notes Due 2030 |
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| Debt Instrument [Line Items] |
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| Principal amount |
|
$ 353,900,000
|
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|
$ 353,900,000
|
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|
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| Interest rate |
|
0.875%
|
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|
0.875%
|
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| Principal amount of debt that is used in conversion calculations |
|
$ 1,000
|
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| Ordinary share exchange rate |
|
38.157
|
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| Initial exchange price | $ / shares |
|
$ 26.21
|
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| Effective interest rate |
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|
1.07%
|
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| 0.875% Exchangeable Senior Notes Due 2030 | Maximum |
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| Debt Instrument [Line Items] |
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| Ordinary share exchange rate |
|
52.4658
|
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| Oceania Allura Term Loan |
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| Debt Instrument [Line Items] |
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| Export credit facility financing as percentage of contract price |
|
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|
80.00%
|
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| Principal amount | € |
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|
€ 570.4
|
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| Interest rate |
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|
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|
1.50%
|
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| 0.750% Exchangeable Senior Notes Due 2030 |
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| Debt Instrument [Line Items] |
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| Principal amount |
$ 1,400,000,000
|
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|
$ 1,400,000,000
|
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|
$ 1,407,000,000
|
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| Interest rate |
0.75%
|
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|
0.75%
|
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|
0.75%
|
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| Principal amount of debt that is used in conversion calculations |
$ 1,000
|
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| Ordinary share exchange rate |
29.1189
|
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| Initial exchange price | $ / shares |
$ 34.34
|
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|
$ 34.34
|
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| Effective interest rate |
|
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|
1.14%
|
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| 0.750% Exchangeable Senior Notes Due 2030 | Maximum |
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| Debt Instrument [Line Items] |
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| Ordinary share exchange rate |
40.7664
|
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|
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| 1.125% Exchangeable Senior Notes Due 2027 |
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| Debt Instrument [Line Items] |
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| Principal amount |
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|
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|
$ 1,150,000,000
|
|
|
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| Interest rate |
|
|
|
|
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|
1.125%
|
1.13%
|
|
|
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|
| Debt instrument redemption amount |
$ 958,000,000
|
|
|
|
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| Debt instrument repurchase amount |
1,009,500,000
|
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|
$ 1,009,500,000
|
|
|
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| Ordinary share exchange rate |
|
|
|
|
|
|
29.685
|
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|
| Initial exchange price | $ / shares |
|
|
|
|
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|
$ 33.69
|
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| Effective interest rate |
|
|
|
|
|
|
1.64%
|
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|
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|
| 1.125% Exchangeable Senior Notes Due 2027 | Maximum |
|
|
|
|
|
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|
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|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
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| Ordinary share exchange rate |
|
|
|
|
|
|
42.3012
|
|
|
|
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|
| 2.5% Exchangeable Senior Notes Due 2027 |
|
|
|
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|
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| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
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| Principal amount |
|
|
|
|
|
|
$ 473,200,000
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
2.50%
|
2.50%
|
|
|
|
|
| Debt instrument redemption amount |
449,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument repurchase amount |
480,500,000
|
|
|
480,500,000
|
|
|
|
|
|
|
|
|
| Ordinary share exchange rate |
|
|
|
|
|
|
28.9765
|
|
|
|
|
|
| Initial exchange price | $ / shares |
|
|
|
|
|
|
$ 34.51
|
|
|
|
|
|
| Effective interest rate |
|
|
|
|
|
|
3.06%
|
|
|
|
|
|
| 2.5% Exchangeable Senior Notes Due 2027 | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Ordinary share exchange rate |
|
|
|
|
|
|
44.1891
|
|
|
|
|
|
| Senior Unsecured Notes Due 2031 |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
$ 1,200,000,000
|
|
|
$ 1,200,000,000
|
|
|
$ 1,200,000,000
|
|
|
|
|
|
| Interest rate |
5.875%
|
|
|
5.875%
|
|
|
5.875%
|
|
|
|
|
|
| Senior Unsecured Notes Due 2031 | Call Date, Scenario One |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price as a percentage of face amount |
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Unsecured Notes Due 2031 | Call Date, Scenario Two |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of principal amount of debt redeemed |
40.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price as a percentage of face amount |
105.875%
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of thresholds, after percentage |
60.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Unsecured Notes Due 2033 |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Principal amount |
$ 850,000,000
|
|
|
$ 850,000,000
|
|
|
$ 850,000,000
|
|
|
|
|
|
| Interest rate |
6.25%
|
|
|
6.25%
|
|
|
6.25%
|
|
|
|
|
|
| Senior Unsecured Notes Due 2033 | Call Date, Scenario One |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price as a percentage of face amount |
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Unsecured Notes Due 2033 | Call Date, Scenario Two |
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of principal amount of debt redeemed |
40.00%
|
|
|
|
|
|
|
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| Redemption price as a percentage of face amount |
106.25%
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| Percentage of thresholds, after percentage |
60.00%
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| 2027 1.125% Exchangeable Notes, 2027 2.5% Exchangeable Notes, 2026 Notes, 2027 Notes and 2029 Notes |
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| Debt Instrument [Line Items] |
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| Loss on extinguishment of debt |
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$ (154,500,000)
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