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Debt Level 1 (Notes)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
The components of Debt are:
Years Ended December 31,
20222021
 (In thousands)
7.500% Senior Notes due April 2027$138,274 $152,710 
4.625% Senior Notes due December 2027550,000 550,000 
5.125% Senior Notes due June 2029750,000 750,000 
3.375% Senior Notes due August 2030850,000 850,000 
4.000% Senior Notes due May 2031800,000 800,000 
Term Loan due May 2024536,250 568,750 
Bank Credit Facility due May 2024570,000 155,000 
Obligations under finance leases120,837 136,847 
Mortgage notes and other debt, maturities through 205066,248 48,113 
Unamortized debt issuance costs(39,865)(45,100)
Total debt$4,341,744 $3,966,320 
Less: Current maturities of long-term debt(90,661)(65,016)
Total long-term debt$4,251,083 $3,901,304 
Current maturities of debt at December 31, 2022 include amounts due under our term loan, mortgage notes and other debt, and finance leases within the next year as well as the portion of unamortized debt issuance costs expected to be recognized in the next twelve months.
Approximately 72% and 79% of our total debt had a fixed interest rate at December 31, 2022 and 2021, respectively.
The components of our weighted average interest rate are as follows:
Years Ended December 31,
20222021
Fixed Debt4.32 %4.33 %
Floating Debt2.95 %1.29 %
Total Debt4.00 %3.70 %
The following table summarizes the aggregate maturities of our debt for the five years subsequent to December 31, 2022 and thereafter, excluding unamortized premiums and debt issuance costs (in thousands):
2023$90,661 
20241,094,558 
202549,570 
202610,004 
2027693,481 
2028 and thereafter2,403,470 
Total debt maturities$4,341,744 
Bank Credit Agreement
The bank credit agreement provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit agreement contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. As of December 31, 2022, we are in compliance with all of our debt covenants. At December 31, 2022, we issued $33.5 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.15%. As of December 31, 2022, we have $396.5 million in borrowing capacity under the facility.
As of December 31, 2021, we issued $34.0 million of letters of credit.
Debt Issuances and Additions
During the year ended December 31, 2022, we issued or added $484.0 million of debt including:
•$465.0 million on our Bank Credit Facility due May 2024; and
•$19.0 million in other debt.
The debt proceeds were used primarily for general corporate purposes.
During the year ended December 31, 2021, we issued or added $975.0 million of debt including:
•$800.0 million unsecured 4.0% Senior Notes due May 2031; and
•$175.0 million on our Bank Credit Facility due May 2024.
Newly issued debt was used to pay down our Bank Credit Facility due May 2024, to redeem our 8.0% Senior Notes due November 2021, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $13.6 million.
Debt Extinguishments and Reductions
During the year ended December 31, 2022, we made aggregate debt payments of $101.9 million for scheduled and early extinguishment payments including:
•$50.0 million in aggregate principal of our Bank Credit Facility due May 2024;
•$32.5 million in aggregate principal of our Term Loan due May 2024;
•$14.4 million in aggregate principal of 7.5% Senior Notes due April 2027 repurchased on the open market;
•$1.2 million of premiums paid on early extinguishment; and
•$3.8 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $1.2 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the year ended December 31, 2022.
During the year ended December 31, 2021, we made aggregate debt payments of $736.0 million for scheduled and early extinguishment payments including:
•$545.0 million in aggregate principal of our Bank Credit Facility due May 2024;
•$32.5 million in aggregate principal of our Term Loan due May 2024;
•$150.0 million in aggregate principal of 8.0% Senior Notes due November 2021;
•$4.8 million of premiums paid on early extinguishment; and
•$3.7 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $5.2 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the year ended December 31, 2021.
Additional Debt Disclosures
At December 31, 2022 and 2021, we had deposits of $0.5 million and $0.4 million, respectively, in restricted, interest-bearing accounts that were pledged as collateral for various credit instruments and commercial commitments. These deposits are included in Other current assets and Deferred charges and other assets, net in our Consolidated Balance Sheet.
We had assets of approximately $59.8 million and $44.1 million pledged as collateral for the mortgage notes and other debt at December 31, 2022 and 2021, respectively.

Cash interest payments for the three years ended December 31 were as follows (in thousands):
Payments in 2022
$164,222 
Payments in 2021
$142,145 
Payments in 2020
$152,524 
Expected cash interest payments on our existing long-term debt for the five years subsequent to December 31, 2022 and thereafter are as follows (in thousands):

Payments in 2023
$202,876 
Payments in 2024
164,919 
Payments in 2025
137,757 
Payments in 2026
136,897 
Payments in 2027
127,562 
Payments in 2028 and thereafter
241,597 
Total expected cash interest payments$1,011,608