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Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)
 9 Months Ended
Sep. 30, 2021
Credit Risk and Fair Value of Financial Instruments [Abstract]  
Credit Risk and Fair Value of Financial Instruments [Text Block] Credit Risk and Fair Value of Financial Instruments
Fair Value Estimates
The fair value estimates of the following financial instruments have been determined using available market information and appropriate valuation methodologies. The carrying values of cash and cash equivalents, trade receivables, and trade payables approximate the fair values of those instruments due to the short-term nature of the instruments. The carrying values of receivables on preneed funeral and cemetery contracts approximate fair value due to the large number of diverse individual contracts with varying terms.
The fair value of our debt instruments at September 30, 2021 and December 31, 2020 was as follows:
September 30, 2021December 31, 2020
 (In thousands)
8.0% Senior Notes due November 2021$— $159,000 
7.5% Senior Notes due April 2027187,070 185,639 
4.625% Senior Notes due December 2027579,579 590,700 
5.125% Senior Notes due June 2029813,750 840,368 
3.375% Senior Notes due August 2030850,841 883,099 
4.0% Senior Notes due May 2031830,608 — 
Term Loan due May 2024576,875 601,250 
Bank Credit Facility due May 2024— 525,000 
Mortgage notes and other debt, maturities through 205048,054 51,659 
Total fair value of debt instruments$3,886,777 $3,836,715 
The fair values of our long-term, fixed rate loans were estimated using market prices for those loans, and therefore they are classified within Level 2 of the fair value measurements hierarchy. The Term Loan, Bank Credit Facility, and the mortgage and other debt are classified within Level 3 of the fair value measurements hierarchy. The fair values of these instruments have been estimated using discounted cash flow analysis based on our incremental borrowing rate for similar borrowing arrangements. An increase (decrease) in the inputs results in a directionally opposite change in the fair value of the instruments.