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Derivative And Hedging Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule Of Terms Of Interest Rate Cap Agreements | The following tables provide the terms of our interest rate cap agreements that were in effect as of December 31, 2023 and 2022:
(Dollars in millions) |  |  |  |  |  |  |  |  |  |
As of December 31, 2023
Facility Amount |  | Facility Name |  | Purpose |  | Start |  | End |  | Notional |  | Cap Interest Rate (1)
$ | 300.0 |  |  | Warehouse Facility IV |  | Cap Floating Rate |  | 05/2023 |  | 11/2024 |  | $ | 300.0 |  |  | 7.50 | %
200.0 |  |  | Warehouse Facility V |  | Cap Floating Rate |  | 04/2023 |  | 01/2026 |  | 94.0 |  |  | 5.44 | %
200.0 |  |  | Warehouse Facility VIII |  | Cap Floating Rate |  | 09/2022 |  | 09/2025 |  | 200.0 |  |  | 5.42 | %
100.0 |  |  | Term ABS 2021-1 |  | Cap Floating Rate |  | 04/2023 |  | 06/2024 |  | 37.5 |  |  | 5.46 | %
200.0 |  |  | Term ABS 2022-2 |  | Cap Floating Rate |  | 12/2022 |  | 06/2024 |  | 200.0 |  |  | 6.50 | %
(Dollars in millions) |  |  |  |  |  |  |  |  |  |
As of December 31, 2022
Facility Amount |  | Facility Name |  | Purpose |  | Start |  | End |  | Notional |  | Cap Interest Rate (1)
$ | 400.0 |  |  | Warehouse Facility II |  | Cap Floating Rate |  | 07/2022 |  | 12/2023 |  | $ | 205.0 |  |  | 6.50 | %
300.0 |  |  | Warehouse Facility IV |  | Cap Floating Rate |  | 07/2019 |  | 07/2023 |  | 175.0 |  |  | 6.50 | %
200.0 |  |  | Warehouse Facility V |  | Cap Floating Rate |  | 12/2020 |  | 01/2026 |  | 94.0 |  |  | 5.50 | %
200.0 |  |  | Warehouse Facility VIII |  | Cap Floating Rate |  | 08/2019 |  | 08/2023 |  | 116.7 |  |  | 5.50 | %
|  |  |  | Cap Floating Rate |  | 09/2022 |  | 09/2025 |  | 83.3 |  |  | 5.50 | %
|  |  |  |  |  |  |  |  |  | 200.0 |  |  |
100.0 |  |  | Term ABS 2021-1 |  | Cap Floating Rate |  | 02/2021 |  | 06/2024 |  | 100.0 |  |  | 5.50 | %
200.0 |  |  | Term ABS 2022-2 |  | Cap Floating Rate |  | 12/2022 |  | 06/2024 |  | 200.0 |  |  | 6.50 | %
(1) Rate excludes the spread over the corresponding benchmark rate.
Schedule Of Effect Of Derivative Instruments Not Designated As Hedging Instruments In Consolidated Statements Of Income | Information related to the effect of derivative instruments not designated as hedging instruments on our consolidated statements of income for the years ended December 31, 2023, 2022, and 2021 is as follows:
(In millions) |  |  |  | Amount of (Income) Loss Recognized in Income on Derivatives
Derivatives Not Designated as Hedging Instruments |  |  |  | For the Years Ended December 31,
| Location |  | 2023 |  | 2022 |  | 2021
Interest rate caps |  | Interest expense |  | $ | 2.0 |  |  | $ | (1.0) |  |  | $ | (0.1) |

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