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Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)
 6 Months Ended
Jun. 30, 2020
Credit Risk and Fair Value of Financial Instruments [Abstract]  
Credit Risk and Fair Value of Financial Instruments [Text Block] Credit Risk and Fair Value of Financial Instruments
Fair Value Estimates
The fair value estimates of the following financial instruments have been determined using available market information and appropriate valuation methodologies. The carrying values of cash and cash equivalents, trade receivables, and trade payables approximate the fair values of those instruments due to the short-term nature of the instruments. The carrying values of receivables on preneed funeral and cemetery contracts approximate fair value due to the large number of diverse individual contracts with varying terms.
The fair value of our debt instruments at June 30, 2020 and December 31, 2019 was as follows:
June 30, 2020December 31, 2019
 (In thousands)
8.0% Senior Notes due November 2021$159,294  $165,375  
5.375% Senior Notes due May 2024867,230  879,606  
7.5% Notes due April 2027174,074  188,381  
4.625% Senior Notes due December 2027573,485  577,500  
5.125% Senior Notes due June 2029806,250  798,525  
Term Loan due May 2024617,500  633,750  
Bank Credit Facility due May 2024390,000  295,000  
Mortgage notes and other debt, maturities through 205052,370  45,104  
Total fair value of debt instruments$3,640,203  $3,583,241  
The fair values of our long-term, fixed rate loans were estimated using market prices for those loans, and therefore they are classified within Level 2 of the fair value measurements hierarchy. The Term Loan, Bank Credit Facility, and the mortgage and other debt are classified within Level 3 of the fair value measurements hierarchy. The fair values of these instruments have been estimated using discounted cash flow analysis based on our incremental borrowing rate for similar borrowing arrangements. An increase (decrease) in the inputs results in a directionally opposite change in the fair value of the instruments.