Annual report [Section 13 and 15(d), not S-K Item 405]

LONG-TERM DEBT (Tables)

v3.25.4
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes finance leases, consisted of the following:
December 31,
2025 2024
(in thousands)
Senior Secured Credit Facility:
Term loan B $ 1,300,000  $ 828,163 
6.5% Senior Secured Notes due 2027 1,200,000  1,200,000 
3.75% Senior Secured Notes due 2028 500,000  500,000 
5.625% Senior Notes due 2026 —  300,000 
4.75% Senior Notes due 2027 950,000  950,000 
2.0% Convertible Senior Notes due 2025 —  83,957 
3.125% Convertible Senior Notes due 2029 999,958  1,000,000 
2.875% Convertible Senior Notes due 2030 1,100,000  1,100,000 
2.875% Convertible Senior Notes due 2031 1,400,000  — 
Other debt 818,701  529,257 
Total principal amount 8,268,659  6,491,377 
Less: unamortized discounts and debt issuance costs (69,011) (53,308)
Total debt, net of unamortized discounts and debt issuance costs 8,199,648  6,438,069 
Less: current portion 587,630  260,901 
Total long-term debt, net $ 7,612,018  $ 6,177,168 
Future maturities of long-term debt
Future maturities of debt at December 31, 2025 are as follows:
(in thousands)
2026 $ 587,630 
2027 2,199,465 
2028 1,531,763 
2029 1,119,342 
2030 142,964 
Thereafter 2,687,495 
Total $ 8,268,659 
Summary of pretax interest cost recognized on convertible senior notes
The following table summarizes the amount of pre-tax interest cost recognized on the convertible senior notes:
  Year Ended December 31,
  2025 2024 2023
  (in thousands)
Interest cost recognized relating to:  
Contractual interest coupon $ 71,855  $ 41,289  $ 39,159 
Amortization of debt issuance costs 7,104  4,095  3,912 
Total interest cost recognized on the convertible senior notes $ 78,959  $ 45,384  $ 43,071