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Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)
 9 Months Ended
Sep. 30, 2022
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 as the terms and conditions of these contracts are comparable to our current contract offerings.
The fair value of our debt instruments was as follows:
September 30, 2022December 31, 2021
 (In thousands)
7.5% Senior Notes due April 2027$139,950 $181,511 
4.625% Senior Notes due December 2027503,937 575,443 
5.125% Senior Notes due June 2029686,850 809,737 
3.375% Senior Notes due August 2030669,060 836,825 
4.0% Senior Notes due May 2031646,144 813,552 
Term Loan due May 2024544,375 568,750 
Bank Credit Facility due May 2024415,000 155,000 
Mortgage notes and other debt, maturities through 205056,784 46,878 
Total fair value of debt instruments$3,662,100 $3,987,696 
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.