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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Swap Agreements That Will Fix the Floating Interest Rates Associated With Its Term Loan | The Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table:
Designation Date |  | Effective Date |  | Initial Notional Amount |  |  | Notional Amount Outstanding as of March 31, 2023 |  |  | Fixed Rate |  | Expiration Date
December 2021 |  | August 2020 |  | $ |  | 181,205,050 |  |  | $ |  | 522,934,227 |  |  |  | 0.7203 |  | % |  | April 2024
December 2021 |  | August 2020 |  | $ |  | 388,877,200 |  |  | $ |  | 651,065,293 |  |  |  | 0.6826 |  | % |  | April 2024
December 2021 |  | May 2022 |  | $ |  | 220,130,318 |  |  | $ |  | 272,061,373 |  |  |  | 0.4570 |  | % |  | April 2024
December 2021 |  | May 2022 |  | $ |  | 306,004,562 |  |  | $ |  | 347,501,107 |  |  |  | 0.4480 |  | % |  | April 2024
December 2021 |  | April 2024 |  | $ |  | 871,205,040 |  |  |  | n/a |  |  |  | 1.6533 |  | % |  | June 2025
December 2021 |  | April 2024 |  | $ |  | 435,602,520 |  |  |  | n/a |  |  |  | 1.6560 |  | % |  | June 2025
December 2021 |  | April 2024 |  | $ |  | 435,602,520 |  |  |  | n/a |  |  |  | 1.6650 |  | % |  | June 2025
March 2022 |  | June 2025 |  | $ |  | 1,197,000,000 |  |  |  | n/a |  |  |  | 2.5540 |  | % |  | December 2026
March 2023 |  | March 2023 |  | $ |  | 150,000,000 |  |  | $ |  | 150,000,000 |  |  |  | 3.9025 |  | % |  | December 2026
March 2023 |  | March 2023 |  | $ |  | 150,000,000 |  |  | $ |  | 150,000,000 |  |  |  | 3.9100 |  | % |  | December 2026
Schedule of Fair Values and Location of Outstanding Derivative Instruments Recorded in the Condensed Consolidated Balance Sheets | The fair values and location of outstanding derivative instruments recorded in the Condensed Consolidated Balance Sheets are as follows (in millions):
|  | March 31, |  |  |  | December 31, |
|  | 2023 |  |  |  | 2022 |
Assets |  |  |  |  |  |  |  |  |
Other current assets |  | $ |  | 72 |  |  |  | $ |  | 72 |
Other assets |  |  |  | 37 |  |  |  |  |  | 62 |
Total |  | $ |  | 109 |  |  |  | $ |  | 134 |
Liabilities |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ |  | — |  |  |  | $ |  | — |
Other liabilities |  |  |  | 5 |  |  |  |  |  | — |
Total |  | $ |  | 5 |  |  |  | $ |  | — |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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