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Preneed Activities Level 3 (Tables) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2023

Sep. 30, 2024

Dec. 31, 2023

Preneed Activities [Abstract]

Investment related activities [Table Text Block]

			Three months ended September 30,												Nine months ended September 30,
			2024						2023						2024						2023
			(In thousands)
Deposits			$	164,064					$	143,148					$	479,924					$	434,210
Withdrawals			$	161,622					$	135,995					$	431,816					$	404,790
Purchases of securities			$	350,799					$	420,796					$	1,433,451					$	1,566,090
Sales of securities			$	384,336					$	375,021					$	1,443,426					$	1,540,936
Realized gains from sales of securities(1)			$	94,604					$	51,612					$	373,094					$	205,493
Realized losses from sales of securities(1)			$	(31,283)					$	(42,316)					$	(88,834)					$	(144,562)

Long-term receivable and investment components [Table Text Block]

			September 30, 2024						December 31, 2023
			(In thousands)
Preneed receivables, net			$	1,536,200					$	1,513,933
Trust investments, at market			7,154,424						6,394,796
Insurance-backed fixed income securities and other			239,033						222,424
Trust investments			7,393,457						6,617,220
Less: Cemetery perpetual care trust investments			(2,162,902)						(1,939,241)
Preneed trust investments			5,230,555						4,677,979
Preneed receivables, net and trust investments			$	6,766,755					$	6,191,912

Preneed receivables, net comprised the following:

			September 30, 2024
			Funeral						Cemetery						Total
			(In thousands)
Preneed receivables			$	193,636					$	1,398,008					$	1,591,644
Unearned finance charges			(10,709)						(8,694)						(19,403)
Preneed receivables, at amortized cost			182,927						1,389,314						1,572,241
Reserve for credit losses			(19,548)						(16,493)						(36,041)
Preneed receivables, net			$	163,379					$	1,372,821					$	1,536,200
			December 31, 2023
			Funeral						Cemetery						Total
			(In thousands)
Preneed receivables			$	190,514					$	1,371,804					$	1,562,318
Unearned finance charges			(10,100)						(5,810)						(15,910)
Preneed receivables, at amortized cost			180,414						1,365,994						1,546,408
Reserve for credit losses			(17,026)						(15,449)						(32,475)
Preneed receivables, net			$	163,388					$	1,350,545					$	1,513,933

Preneed Funeral Receivables, Net and Trust Investments [Table Text Block]

The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows:

			September 30, 2024						December 31, 2023
			(In thousands)
Preneed receivables, net			$	1,536,200					$	1,513,933
Trust investments, at market			7,154,424						6,394,796
Insurance-backed fixed income securities and other			239,033						222,424
Trust investments			7,393,457						6,617,220
Less: Cemetery perpetual care trust investments			(2,162,902)						(1,939,241)
Preneed trust investments			5,230,555						4,677,979
Preneed receivables, net and trust investments			$	6,766,755					$	6,191,912

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

						December 31, 2023
			Fair Value Hierarchy Level			Cost						Unrealized Gains						Unrealized Losses						Value
												(In thousands)
Fixed income securities:
U.S. Treasury			2			$	45,645					$	145					$	(1,376)					$	44,414
Canadian government			2			31,896						—						—						31,896
Corporate			2			10,642						138						(17)						10,763
Residential mortgage-backed			2			5,452						29						(104)						5,377
Asset-backed			2			291						—						(51)						240
Equity securities:
Preferred stock			2			417						—						(97)						320
Common stock:
United States			1			1,744,919						478,226						(78,630)						2,144,515
Canada			1			42,721						20,251						(676)						62,296
Other international			1			108,106						19,580						(11,088)						116,598
Mutual funds:
Equity			1			876,620						118,476						(9,540)						985,556
Fixed income			1			998,767						5,727						(109,231)						895,263
Trust investments, at fair value						3,865,476						642,572						(210,810)						4,297,238
Commingled funds
Fixed income						827,600						2,432						(63,021)						767,011
Equity						337,500						71,819						(642)						408,677
Money market funds						346,672						—						—						346,672
Alternative investments						412,482						169,825						(7,109)						575,198
Trust investments, at net asset value						1,924,254						244,076						(70,772)						2,097,558
Trust investments, at market						$	5,789,730					$	886,648					$	(281,582)					$	6,394,796

						September 30, 2024
			Fair Value Hierarchy Level			Cost						Unrealized Gains						Unrealized Losses						Value
												(In thousands)
Fixed income securities:
U.S. Treasury			2			$	42,544					$	285					$	(793)					$	42,036
Canadian government			2			28,064						—						—						28,064
Corporate			2			10,601						401						(11)						10,991
Residential mortgage-backed			2			3,478						84						(45)						3,517
Asset-backed			2			290						—						(47)						243
Equity securities:
Preferred stock			2			413						—						(46)						367
Common stock:
United States			1			1,888,727						624,071						(52,370)						2,460,428
Canada			1			42,970						18,110						(394)						60,686
Other international			1			109,844						37,180						(6,085)						140,939
Mutual funds:
Equity			1			911,579						205,067						(1,220)						1,115,426
Fixed income			1			1,107,891						11,413						(95,064)						1,024,240
Trust investments, at fair value						4,146,401						896,611						(156,075)						4,886,937
Commingled funds
Fixed income						829,824						5,284						(46,085)						789,023
Equity						338,774						133,326						—						472,100
Money market funds						407,209						—						—						407,209
Alternative investments						432,982						175,291						(9,118)						599,155
Trust investments, at net asset value						2,008,789						313,901						(55,203)						2,267,487
Trust investments, at market						$	6,155,190					$	1,210,512					$	(211,278)					$	7,154,424

PreneedRreceivables

$ 1,536,200

$ 1,513,933

Preneed Activities Text Block

Preneed Activities

Preneed Receivables, Net and Trust Investments

The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows:

			September 30, 2024						December 31, 2023
			(In thousands)
Preneed receivables, net			$	1,536,200					$	1,513,933
Trust investments, at market			7,154,424						6,394,796
Insurance-backed fixed income securities and other			239,033						222,424
Trust investments			7,393,457						6,617,220
Less: Cemetery perpetual care trust investments			(2,162,902)						(1,939,241)
Preneed trust investments			5,230,555						4,677,979
Preneed receivables, net and trust investments			$	6,766,755					$	6,191,912

Preneed receivables, net comprised the following:

			September 30, 2024
			Funeral						Cemetery						Total
			(In thousands)
Preneed receivables			$	193,636					$	1,398,008					$	1,591,644
Unearned finance charges			(10,709)						(8,694)						(19,403)
Preneed receivables, at amortized cost			182,927						1,389,314						1,572,241
Reserve for credit losses			(19,548)						(16,493)						(36,041)
Preneed receivables, net			$	163,379					$	1,372,821					$	1,536,200
			December 31, 2023
			Funeral						Cemetery						Total
			(In thousands)
Preneed receivables			$	190,514					$	1,371,804					$	1,562,318
Unearned finance charges			(10,100)						(5,810)						(15,910)
Preneed receivables, at amortized cost			180,414						1,365,994						1,546,408
Reserve for credit losses			(17,026)						(15,449)						(32,475)
Preneed receivables, net			$	163,388					$	1,350,545					$	1,513,933

At September 30, 2024, the amortized cost basis of our preneed receivables by year of origination was as follows:

			2024						2023						2022						2021						2020						Prior						Total
			(In thousands)
Preneed receivables, at amortized cost:
Funeral			$	51,950					$	58,360					$	31,908					$	15,051					$	7,457					$	18,201					$	182,927
Cemetery			410,033						429,934						288,226						155,323						71,924						33,874						1,389,314
Total preneed receivables, at amortized cost			$	461,983					$	488,294					$	320,134					$	170,374					$	79,381					$	52,075					$	1,572,241

At September 30, 2024, the payment status of our preneed receivables was as follows:

			Past Due
			<30 Days						30-90 Days						90-180 Days						>180 Days						Total						Current						Total
			(In thousands)
Preneed receivables, at amortized cost:
Funeral			$	4,849					$	3,278					$	7,503					$	30,946					$	46,576					$	136,351					$	182,927
Cemetery			59,585						47,939						15,097						5,274						127,895						1,261,419						1,389,314
Total preneed receivables, at amortized cost			$	64,434					$	51,217					$	22,600					$	36,220					$	174,471					$	1,397,770					$	1,572,241

The following table summarizes the activity for the reserve for credit losses on preneed receivables for the nine months ended September 30, 2024:

			December 31, 2023						Provision for Expected Credit Losses												Write Offs												Effect of Foreign Currency and Other						September 30, 2024
			(In thousands)
Funeral			$	(17,026)					$	(4,346)											$	1,770											$	54					$	(19,548)
Cemetery			(15,449)						(1,510)												460												6						(16,493)
Total reserve for credit losses on preneed receivables			$	(32,475)					$	(5,856)											$	2,230											$	60					$	(36,041)

The table below sets forth certain investment-related activities associated with our trusts:

			Three months ended September 30,												Nine months ended September 30,
			2024						2023						2024						2023
			(In thousands)
Deposits			$	164,064					$	143,148					$	479,924					$	434,210
Withdrawals			$	161,622					$	135,995					$	431,816					$	404,790
Purchases of securities			$	350,799					$	420,796					$	1,433,451					$	1,566,090
Sales of securities			$	384,336					$	375,021					$	1,443,426					$	1,540,936
Realized gains from sales of securities(1)			$	94,604					$	51,612					$	373,094					$	205,493
Realized losses from sales of securities(1)			$	(31,283)					$	(42,316)					$	(88,834)					$	(144,562)

(1)All realized gains and losses are recognized in Other income, net for our trust investments and are offset by a corresponding reclassification in Other income, net to Deferred receipts held in trust and Care trusts’ corpus.

The cost and market values associated with trust investments recorded at market value are detailed below. Cost reflects the investment (net of redemptions) of control holders in the trusts. Fair value represents the value of the underlying securities held by the trusts.

						September 30, 2024
			Fair Value Hierarchy Level			Cost						Unrealized Gains						Unrealized Losses						Value
												(In thousands)
Fixed income securities:
U.S. Treasury			2			$	42,544					$	285					$	(793)					$	42,036
Canadian government			2			28,064						—						—						28,064
Corporate			2			10,601						401						(11)						10,991
Residential mortgage-backed			2			3,478						84						(45)						3,517
Asset-backed			2			290						—						(47)						243
Equity securities:
Preferred stock			2			413						—						(46)						367
Common stock:
United States			1			1,888,727						624,071						(52,370)						2,460,428
Canada			1			42,970						18,110						(394)						60,686
Other international			1			109,844						37,180						(6,085)						140,939
Mutual funds:
Equity			1			911,579						205,067						(1,220)						1,115,426
Fixed income			1			1,107,891						11,413						(95,064)						1,024,240
Trust investments, at fair value						4,146,401						896,611						(156,075)						4,886,937
Commingled funds
Fixed income						829,824						5,284						(46,085)						789,023
Equity						338,774						133,326						—						472,100
Money market funds						407,209						—						—						407,209
Alternative investments						432,982						175,291						(9,118)						599,155
Trust investments, at net asset value						2,008,789						313,901						(55,203)						2,267,487
Trust investments, at market						$	6,155,190					$	1,210,512					$	(211,278)					$	7,154,424

						December 31, 2023
			Fair Value Hierarchy Level			Cost						Unrealized Gains						Unrealized Losses						Value
												(In thousands)
Fixed income securities:
U.S. Treasury			2			$	45,645					$	145					$	(1,376)					$	44,414
Canadian government			2			31,896						—						—						31,896
Corporate			2			10,642						138						(17)						10,763
Residential mortgage-backed			2			5,452						29						(104)						5,377
Asset-backed			2			291						—						(51)						240
Equity securities:
Preferred stock			2			417						—						(97)						320
Common stock:
United States			1			1,744,919						478,226						(78,630)						2,144,515
Canada			1			42,721						20,251						(676)						62,296
Other international			1			108,106						19,580						(11,088)						116,598
Mutual funds:
Equity			1			876,620						118,476						(9,540)						985,556
Fixed income			1			998,767						5,727						(109,231)						895,263
Trust investments, at fair value						3,865,476						642,572						(210,810)						4,297,238
Commingled funds
Fixed income						827,600						2,432						(63,021)						767,011
Equity						337,500						71,819						(642)						408,677
Money market funds						346,672						—						—						346,672
Alternative investments						412,482						169,825						(7,109)						575,198
Trust investments, at net asset value						1,924,254						244,076						(70,772)						2,097,558
Trust investments, at market						$	5,789,730					$	886,648					$	(281,582)					$	6,394,796

Our alternative investments include funds invested in limited partnerships with interests in private equity, private market real estate, energy and natural resources, infrastructure, transportation, and private debt including both distressed debt and mezzanine financing. These investments can never be redeemed by the funds. Instead, due to the nature of the investments in this category, distributions are received through the liquidation of the underlying assets of the funds. The funds' managers have not communicated the timing of any liquidations.

Maturity dates of our fixed income securities range from 2024 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at September 30, 2024 are estimated as follows:

			Fair Value
			(In thousands)
Due in one year or less			$	54,164
Due in one to five years			25,927
Due in five to ten years			4,686
Thereafter			74
Total estimated maturities of fixed income securities			$	84,851

Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $45.7 million and $44.0 million for the three months ended September 30, 2024 and 2023, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $24.7 million and $20.1 million for the three months ended September 30, 2024 and 2023, respectively.

Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $134.3 million and $121.3 million for the nine months ended September 30, 2024 and 2023, respectively. Recognized trust fund income (realized

and unrealized) related to our cemetery perpetual care trust investments was $73.5 million and $63.5 million for the nine months ended September 30, 2024 and 2023, respectively.

Deferred Revenue, Net

Deferred revenue, net represents future revenue, including distributed trust investment earnings associated with unperformed trust-funded preneed contracts that are not held in trust accounts. Future revenue and net trust investment earnings that are held in trust accounts are included in Deferred receipts held in trust.

The components of Deferred revenue, net in our unaudited Condensed Consolidated Balance Sheet were as follows:

			September 30, 2024						December 31, 2023
			(In thousands)
Deferred revenue			$	2,767,335					$	2,649,397
Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts			(1,016,580)						(945,888)
Deferred revenue, net			$	1,750,755					$	1,703,509

The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust:

			Nine months ended September 30,
			2024						2023
			(In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust			$	6,374,393					$	5,787,548
Net preneed contract sales			1,061,518						1,098,816
Acquisitions (dispositions) of businesses, net			76,077						(386)
Net investment gains(1)			453,863						167,596
Recognized revenue from backlog(2)			(443,685)						(449,098)
Recognized revenue from current period sales			(469,085)						(504,649)
Change in amounts due on unfulfilled performance obligations			(68,662)						(78,974)
Change in cancellation reserve			(188)						30
Effect of foreign currency and other			(7,598)						(17,533)
Ending balance — Deferred revenue, net and Deferred receipts held in trust			$	6,976,633					$	6,003,350

(1)Includes both realized and unrealized investment gains (losses)

(2)Includes current year trust fund income through the date of performance

Deferred Preneed Funeral Revenues [Table Text Block]

The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust:

			Nine months ended September 30,
			2024						2023
			(In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust			$	6,374,393					$	5,787,548
Net preneed contract sales			1,061,518						1,098,816
Acquisitions (dispositions) of businesses, net			76,077						(386)
Net investment gains(1)			453,863						167,596
Recognized revenue from backlog(2)			(443,685)						(449,098)
Recognized revenue from current period sales			(469,085)						(504,649)
Change in amounts due on unfulfilled performance obligations			(68,662)						(78,974)
Change in cancellation reserve			(188)						30
Effect of foreign currency and other			(7,598)						(17,533)
Ending balance — Deferred revenue, net and Deferred receipts held in trust			$	6,976,633					$	6,003,350

(1)Includes both realized and unrealized investment gains (losses)

(2)Includes current year trust fund income through the date of performance

Assets Held-in-trust

$ 7,154,424

6,394,796

Insurance-backed fixed income securities and other [Line Items]

239,033

222,424

Cemetery perpetual care trust investments

$ (2,162,902)

$ (1,939,241)

Investments Classified by Contractual Maturity Date [Table Text Block]

Maturity dates of our fixed income securities range from 2024 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at September 30, 2024 are estimated as follows:

			Fair Value
			(In thousands)
Due in one year or less			$	54,164
Due in one to five years			25,927
Due in five to ten years			4,686
Thereafter			74
Total estimated maturities of fixed income securities			$	84,851

X

- Definition

The aggregate fair value as of the balance sheet date of financial instruments and other positions may include: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. Includes both pledged and unpledged holdings.

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Tabular disclosure of the components of long-term receivables and investments, including trust investments, at market; cash and cash equivalents held by the trust; insurance policies held by the trust; and gross carrying value of long-term receivables from customers and unearned finance charges and cancellation allowance related to those receivables.

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Preneed Activities.

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This note represents disclosures relating to preneed activity and major accounts which also include: (1) fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments; (2) variable interest entities; and (3)all other required (as defined) and desired information.

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PreneedRreceivables

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- Definition

The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

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- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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