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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Components of Long-Term Debt | Our borrowings at December 31, 2020 and 2019 were as follows:
| 2020 |  | 2019
Senior Credit Facility: |  |  |
Revolving credit facility, at a rate of 1.66% at December 31, 2020, and 3.12% at December 31, 2019, due 2024 | $ | 350,000 |  |  | $ | 300,000 |
Term loan facility, at a rate of 1.65% at December 31, 2020 and 3.17% at December 31 2019, due 2024 | 673,000 |  |  | 673,000 |
4.875% Senior Notes due 2026 | 400,000 |  |  | 400,000 |
4.625% Senior Notes due 2027 | 500,000 |  |  | 500,000 |
4.25% Senior Notes due 2028 | 500,000 |  |  | — |
Securitization program, at a rate of 1.24% at December 31, 2020 and 2.51% at December 31, 2019 | 75,000 |  |  | 50,000 |
| 2,498,000 |  |  | 1,923,000 |
Less: Unamortized debt issuance costs | (19,612) |  |  | (14,057) |
| 2,478,388 |  |  | 1,908,943 |
Current portion of borrowings | (100,500) |  |  | (50,000) |
Long-term borrowings | $ | 2,377,888 |  |  | $ | 1,858,943 |
Fair Value of Debt | The following table provides the fair value of our debt as of December 31, 2020 and 2019, which is valued based on Level 2 inputs within the hierarchy used to measure fair value (see Note 12 to the consolidated financial statements for further information):
| December 31, 2020 |  | December 31, 2019
Fair value of debt | $ | 2,586,058 |  |  | $ | 1,974,918 |
Aggregate Amounts of Long-Term Debt | Debt Maturities As of December 31, 2020, the aggregate amounts of long-term debt, demand loans and debt under our securitization program that will mature during each of the next four years and thereafter were as follows:
2021 | $ | 100,500 |
2022 | 35,000 |
2023 | 43,750 |
2024 | 918,750 |
2025 and thereafter | 1,400,000 |
Schedule of Cash Flow, Supplemental Disclosures, Debt | Supplemental cash flow information
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Cash interest paid | $ | 79,533 |  |  | $ | 95,954 |  |  | $ | 101,790 |

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