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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Components of Long-Term Debt | Our borrowings at December 31, 2022 and 2021 were as follows:
| 2022 |  | 2021
Senior Credit Facility: |  |  |
Revolving credit facility, at a rate of 5.80% at December 31, 2022, and 1.48% at December 31, 2021, due 2027 | $ | 148,250 |  |  | $ | 141,000 |
Term loan facility, at a rate of 5.80% at December 31, 2022 and 1.48% at December 31 2021, due 2027 | 500,000 |  |  | 647,500 |
4.625% Senior Notes due 2027 | 500,000 |  |  | 500,000 |
4.25% Senior Notes due 2028 | 500,000 |  |  | 500,000 |
Securitization program, at a rate of 5.11% at December 31, 2022 and 1.00% at December 31, 2021 | 75,000 |  |  | 75,000 |
| 1,723,250 |  |  | 1,863,500 |
Less: Unamortized debt issuance costs | (11,727) |  |  | (13,398) |
| 1,711,523 |  |  | 1,850,102 |
Current portion of borrowings | (87,500) |  |  | (110,000) |
Long-term borrowings | $ | 1,624,023 |  |  | $ | 1,740,102 |
Fair Value of Debt | The following table provides the fair value of our debt as of December 31, 2022 and 2021, 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, 2022 |  | December 31, 2021
Fair value of debt | $ | 1,674,232 |  |  | $ | 1,893,518 |
Aggregate Amounts of Long-Term Debt | Debt Maturities As of December 31, 2022, 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:
2023 | $ | 87,500 |
2024 | 12,500 |
2025 | 25,000 |
2026 | 25,000 |
2027 and thereafter | 1,573,250 |
Schedule of Cash Flow, Supplemental Disclosures, Debt | Supplemental cash flow information
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Cash interest paid | $ | 70,918 |  |  | $ | 73,598 |  |  | $ | 79,533 |

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