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Debt Level 1 (Notes) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Debt Disclosure [Text Block] | Debt The components of Debt are:
| September 30, 2024 |  | December 31, 2023
| (In thousands)
7.5% Senior Notes due April 2027 | $ | 136,924 |  |  | $ | 137,424 |
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 |
4.0% Senior Notes due May 2031 | 800,000 |  |  | 800,000 |
5.75% Senior Notes due October 2032 | 800,000 |  |  | — |
Term Loan due January 2028 | 645,469 |  |  | 658,125 |
Bank Credit Facility due January 2028 | 110,000 |  |  | 790,000 |
Obligations under finance leases | 142,841 |  |  | 132,039 |
Mortgage notes and other debt, maturities through 2050 | 88,415 |  |  | 80,696 |
Unamortized debt issuance costs | (45,621) |  |  | (35,788) |
Total debt | 4,828,028 |  |  | 4,712,496 |
Less: Current maturities of long-term debt | (84,349) |  |  | (63,341) |
Total long-term debt | $ | 4,743,679 |  |  | $ | 4,649,155 |
Current maturities of debt at September 30, 2024 include amounts due under our term loan, mortgage notes and other debt, and finance lease payments due within the next year as well as the portion of unamortized debt issuance costs expected to be recognized in the next twelve months. Approximately 84% and 69% of our total debt had a fixed interest rate at September 30, 2024 and December 31, 2023, respectively. The components of our ending interest rate are as follows:
| September 30, 2024 |  | December 31, 2023
Fixed Debt | 4.64 | % |  | 4.35 | %
Floating Debt | 6.98 | % |  | 7.44 | %
Total Debt | 5.00 | % |  | 5.29 | %
During the nine months ended September 30, 2024 and 2023, we paid $172.5 million and $149.0 million in cash interest, respectively. Bank Credit Agreement The Bank Credit Facility due January 2028 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 Facility contains a maximum leverage ratio financial covenant and certain dividend and share repurchase restrictions. As of September 30, 2024, we were in compliance with all of our debt covenants. We have $39.0 million of letters of credit outstanding and pay a quarterly fee of 0.20% on the unused commitment at September 30, 2024. As of September 30, 2024, we had $1,351.0 million in borrowing capacity under the Bank Credit Facility. The Bank Credit Facility had an interest rate of 6.95% and 7.46% at September 30, 2024 and December 31, 2023, respectively. Building Financing In August 2024, we entered into a new $129.9 million construction loan agreement due 2037 with a syndicate of banks. The purpose of this loan is to provide financing for a new corporate headquarters building. This transaction resulted in additional debt issuance costs of $1.1 million. As of September 30, 2024, we had no borrowing outstanding. Debt Issuances and Additions During the nine months ended September 30, 2024, we issued or added $1,336.1 million of debt including: •$800.0 million unsecured 5.75% Senior Notes due October 2032; •$530.0 million on our Bank Credit Facility due January 2028; and •$6.1 million in other debt. Net proceeds from newly issued debt during the nine months ended September 30, 2024 were used to pay down our Bank Credit Facility due January 2028 and for general corporate purposes. These transactions resulted in additional debt issuance costs of $14.1 million. During the nine months ended September 30, 2023, we issued or added $737.4 million of debt including: •$284.1 million from certain members of the syndicate of banks in our Term Loan; •$380.0 million on our Bank Credit Facility due January 2028; •$44.3 million from certain members of the syndicate of banks in our Bank Credit Facility; •$10.0 million on our Bank Credit Facility due May 2024; and •$19.0 million in other debt. Net proceeds from newly issued debt during the nine months ended September 30, 2023 were used to pay off our Bank Credit Facility due May 2024, our Term Loan due May 2024, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $7.5 million. Debt Extinguishments and Reductions During the nine months ended September 30, 2024, we made aggregate debt payments of $1,228.5 million for scheduled and early debt extinguishment payments including: •$1,210.0 million in aggregate principal of our Bank Credit Facility due January 2028; •$12.7 million in aggregate principal of our Term Loan due January 2028; •$0.5 million in aggregate principal of our 7.5% Senior Notes due April 2027 repurchased in the open market; and •$5.3 million in other debt. During the nine months ended September 30, 2023, we made aggregate debt payments of $507.4 million for scheduled and early debt extinguishment payments including: •$199.3 million in aggregate principal to other members of our Bank Credit Facility; •$145.3 million in aggregate principal to other members of our Term Loan; •$145.0 million in aggregate principal of our Bank Credit Facility due January 2028; •$12.7 million in aggregate principal of our Term Loan due January 2028; •$0.9 million in aggregate principal of our 7.5% Senior Notes due April 2027 repurchased in the open market; •$0.5 million of premiums paid on early extinguishment of debt; and •$3.7 million in other debt.

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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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