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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Components of Long-Term Debt | Long-term debt of Holdings and CUSA consisted of the following for the periods presented:
|  | December 31, |
|  | 2022 |  |  | 2023 |
Cinemark Holdings, Inc. 4.50% convertible senior notes due 2025 |  | $ | 460.0 |  |  | $ | 460.0 |
Cinemark USA, Inc. term loan due 2030 (see Senior Secured Credit Facility below) |  |  | 626.5 |  |  |  | 645.1 |
Cinemark USA, Inc. 8.75% senior secured notes due 2025 |  |  | 250.0 |  |  |  | 150.0 |
Cinemark USA, Inc. 5.875% senior notes due 2026 |  |  | 405.0 |  |  |  | 405.0 |
Cinemark USA, Inc. 5.25% senior notes due 2028 |  |  | 765.0 |  |  |  | 765.0 |
Other |  |  | 10.1 |  |  |  | 7.0 |
Total long-term debt carrying value (1) |  | $ | 2,516.6 |  |  | $ | 2,432.1 |
Less: Current portion |  |  | 10.7 |  |  |  | 7.8 |
Less: Debt issuance costs and original issue discount, net of accumulated amortization (1) |  |  | 31.9 |  |  |  | 33.0 |
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount (1) |  | $ | 2,474.0 |  |  | $ | 2,391.3 |
(1) The only differences between the long-term debt for Holdings, as presented above, and the long-term debt for CUSA are the $460.0 million 4.50% Convertible Senior Notes due 2025 and the related debt issuance costs. The following table sets forth, as of the periods indicated, the total long-term debt carrying value, current portion of long-term debt and debt issuance costs, net of amortization for CUSA:
|  | December 31, |
|  | 2022 |  |  | 2023 |
Total long-term debt carrying value |  | $ | 2,056.6 |  |  | $ | 1,972.1 |
Less: Current portion |  |  | 10.7 |  |  |  | 7.8 |
Less: Debt issuance costs, net of accumulated amortization and original issue discount |  |  | 22.9 |  |  |  | 27.5 |
Long-term debt, less current portion, net of unamortized debt issuance costs and original issue discount |  | $ | 2,023.0 |  |  | $ | 1,936.8 |
Schedule of carrying values and fair values of debt instruments | The table below presents the fair value of the Company's long-term debt as of the periods presented:
|  | As of |
|  | December 31, 2022 |  |  | December 31, 2023 |
Holdings fair value (1) |  | $ | 2,210.5 |  |  | $ | 2,460.3 |
CUSA fair value |  | $ | 1,771.3 |  |  | $ | 1,903.8 |
(1) The fair value of the 4.50% convertible notes was $439.2 and $556.5 as of December 31, 2022 and 2023, respectively.
Maturities of Long-Term Debt, Excluding Unamortized Debt Issuance Costs | Holdings' long-term debt, excluding unamortized debt issuance costs, at December 31, 2023 matures as follows:
2024 |  | $ | 7.8 |
2025 |  |  | 617.7 |
2026 |  |  | 412.7 |
2027 |  |  | 7.7 |
2028 |  |  | 772.7 |
Thereafter |  |  | 613.5 |
Total (1) |  | $ | 2,432.1 |
(1) The only difference between the long-term debt maturity payments for Holdings, as presented above, and those for CUSA is the $460.0 repayment of Holdings’ 4.50% Convertible Senior Notes in 2025.
Summary of Company's Interest Rate Swap Agreements Designated as Cash Flow Hedges | Below is a summary of the Company’s interest rate swap agreements designated as cash flow hedges as of December 31, 2023:
|  |  |  |  |  |  |  |  | Estimated |
|  |  |  |  |  |  |  |  | Fair Value at |
Notional |  |  |  |  |  |  |  |  | December 31, |
Amount |  |  | Pay Rate |  | Receive Rate |  | Expiration Date |  | 2023 (1) |
$ | 137.5 |  | (2) | 2.15% |  | 1-Month Term SOFR |  | December 31, 2024 |  | $ | 3.5 |
$ | 137.5 |  | (3) | 2.08% |  | 1-Month Term SOFR |  | December 31, 2024 |  |  | 3.5 |
$ | 175.0 |  |  | 3.20% |  | 1-Month Term SOFR |  | December 31, 2026 |  |  | 2.9 |
|  |  |  |  |  |  | Total |  | $ | 9.9 |
(1) Approximately $9.7 of the total is included in prepaid expenses and other and $0.2 is included in deferred charges on the consolidated balance sheet as of December 31, 2023. (2) In January 2024, the Company amended and extended one of its two then existing $137.5 notional amount interest rate swap agreements to amend the pay rate to 3.17% and extend the maturity date to December 31, 2027, effective January 31, 2024. (3) In February 2024, the Company amended and extended the second of its two then existing $137.5 notional amount interest rate swap agreements to amend the pay rate to 3.21% and extend the maturity date to December 31, 2026, effective February 29, 2024.

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