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Long-Term Debt | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Long-Term Debt | 8. Long-Term Debt Long-term debt consisted of the following as of:
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | (in thousands) |
Revolving credit facility (1) |  | $ | 775,000 |  |  | $ | — |
4.25% 2032 notes |  |  | 1,300,000 |  |  |  | 1,300,000 |
6.375% 2034 notes |  |  | 1,000,000 |  |  |  | 1,000,000 |
6.375% 2032 notes |  |  | 700,000 |  |  |  | 700,000 |
5.00% 2030 notes |  |  | 550,000 |  |  |  | 550,000 |
Other finance obligations |  |  | 189,858 |  |  |  | 190,312 |
Finance lease obligations |  |  | 892 |  |  |  | 1,078 |
|  |  | 4,515,750 |  |  |  | 3,741,390 |
Unamortized debt discount/premium and debt issuance costs |  |  | (36,246 | ) |  |  | (37,277 | )
|  |  | 4,479,504 |  |  |  | 3,704,113 |
Less: current maturities of long-term debt |  |  | 7,244 |  |  |  | 3,470 |
Long-term debt, net of current maturities, discounts and issuance costs |  | $ | 4,472,260 |  |  | $ | 3,700,643 |
(1) The weighted average interest rate was 5.4% as of March 31, 2025. The Company’s Revolving Facility and outstanding senior unsecured notes are discussed in more detail in our 2024 Form 10-K. Fair Value As of March 31, 2025, and December 31, 2024, the Company does not have any financial instruments that are measured at fair value on a recurring basis. We have elected to report the value of our Revolving Facility, 4.25% senior notes due 2032 (the “4.25% 2032 Notes”), 6.375% senior notes due 2034 (the “6.375% 2034 Notes”), 6.375% senior notes due 2032 (the “6.375% 2032 Notes”), and 5.00% senior notes due 2030 (the “5.00% 2030 Notes”), at amortized cost. The fair values of the 4.25% 2032 Notes, 6.375% 2034 Notes, 6.375% 2032 Notes, and 5.00% 2030 Notes, at March 31, 2025, were approximately $1.2 billion, $1.0 billion, $705.3 million, and $528.0 million, respectively, which were determined using Level 2 inputs based on market prices. The carrying value of the Revolving Facility as of March 31, 2025 approximates its fair value, as the rates of the Revolving Facility are comparable to those at which we could currently borrow under similar terms. As such, the fair value of the Revolving Facility was also classified as Level 2 in the hierarchy. We were not in violation of any covenants or restrictions imposed by any of our debt agreements at March 31, 2025.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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