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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
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 DateEffective DateInitial Notional AmountNotional Amount Outstanding as of
June 30, 2025
Fixed RateExpiration Date
December 2021April 2024$871,205,040 $599,526,345 1.6533 %June 2025
December 2021April 2024$435,602,520 $299,763,173 1.6560 %June 2025
December 2021April 2024$435,602,520 $299,763,173 1.6650 %June 2025
March 2022June 2025$1,197,000,000 $1,197,000,000 2.5540 %December 2026
March 2023March 2023$150,000,000 $150,000,000 3.9025 %December 2026
March 2023March 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):
June 30,
2025
December 31,
2024
Assets
Other current assets$12 $23 
Other assets
Total$14 $31 
Liabilities
Other current liabilities$— $— 
Other liabilities— 
Total$

$—