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Debt Level 1 (Notes) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Debt The components of Debt are:
| March 31, 2021 |  | December 31, 2020
| (In thousands)
8.0% Senior Notes due November 2021 | $ | 150,000 |  |  | $ | 150,000 |
7.5% Senior Notes due April 2027 | 152,710 |  |  | 152,710 |
4.625% Senior Notes due December 2027 | 550,000 |  |  | 550,000 |
5.125% Senior Notes due June 2029 | 750,000 |  |  | 750,000 |
3.375% Senior Notes due August 2030 | 850,000 |  |  | 850,000 |
Term Loan due May 2024 | 593,125 |  |  | 601,250 |
Bank Credit Facility due May 2024 | 445,000 |  |  | 525,000 |
Obligations under finance leases | 150,277 |  |  | 148,864 |
Mortgage notes and other debt, maturities through 2050 | 50,872 |  |  | 51,766 |
Unamortized premiums and discounts, net | (229) |  |  | (317) |
Unamortized debt issuance costs | (35,591) |  |  | (36,739) |
Total debt | 3,656,164 |  |  | 3,742,534 |
Less: Current maturities of long-term debt | (217,062) |  |  | (228,352) |
Total long-term debt | $ | 3,439,102 |  |  | $ | 3,514,182 |
Current maturities of debt at March 31, 2021 include amounts due under our term loan, 2021 senior notes, mortgage notes and other debt, and finance lease payments due within the next year as well as the portion of unamortized premiums and discounts and debt issuance costs expected to be recognized in the next twelve months. Our consolidated debt had a weighted average interest rate of 3.66% and 3.62% at March 31, 2021 and December 31, 2020, respectively. Approximately 68% and 66% of our total debt had a fixed interest rate at March 31, 2021 and December 31, 2020, respectively. During the three months ended March 31, 2021 and 2020, we paid $20.1 million and $10.1 million in cash interest, respectively. The increase over the prior year is due to the timing of interest payments due for the 3.375% Senior Notes due August 2030. Bank Credit Facility The Bank Credit Facility provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit agreement contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. As of March 31, 2021, we were in compliance with all of our debt covenants. We issued $34.0 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.15% at March 31, 2021. As of March 31, 2021, we had $521.0 million in borrowing capacity under the Bank Credit Facility. Debt Issuances and Additions During the three months ended March 31, 2021 and March 31, 2020, we drew $20.0 million and $75.0 million on our Bank Credit Facility for general corporate purposes, respectively. Debt Extinguishments and Reductions During the three months ended March 31, 2021, we made aggregate debt payments of $109.0 million for scheduled and early extinguishment payments including: •$100.0 million in aggregate principal of our Bank Credit Facility due May 2024; •$8.1 million in aggregate principal of our Term Loan due May 2024; •$0.9 million in other debt. During the three months ended March 31, 2020, we made aggregate debt payments of $34.0 million for scheduled and early extinguishment payments including: •$25.0 million in aggregate principal of our Bank Credit Facility due May 2024; •$8.1 million in aggregate principal of our Term Loan due May 2024; •$0.7 million in aggregate principal of 7.5% Senior Notes due April 2027 repurchased on the open market; •$0.1 million of premiums paid on early extinguishment; and •$0.1 million in other debt. Certain of the above transactions resulted in the recognition of a loss of $0.1 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the three months ended March 31, 2020.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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