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Debt Level 1 (Notes)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
The components of Debt are:
March 31, 2023December 31, 2022
 (In thousands)
7.5% Senior Notes due April 2027$138,274 $138,274 
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 
4.0% Senior Notes due May 2031800,000 800,000 
Term Loan due May 2024— 536,250 
Term Loan due January 2028670,781 — 
Bank Credit Facility due May 2024— 570,000 
Bank Credit Facility due January 2028490,000 — 
Obligations under finance leases119,807 120,837 
Mortgage notes and other debt, maturities through 205070,179 66,248 
Unamortized debt issuance costs(39,896)(39,865)
Total debt4,399,145 4,341,744 
Less: Current maturities of long-term debt(71,358)(90,661)
Total long-term debt$4,327,787 $4,251,083 
Current maturities of debt at March 31, 2023 include amounts due under our term loan, mortgage notes and other debt, and finance lease payments due within the next year as well as the portion of unamortized debt issuance costs expected to be recognized in the next twelve months.
Approximately, 71% and 72% of our total debt had a fixed interest rate at March 31, 2023 and December 31, 2022, respectively.
The components of our weighted average interest rate are as follows:
March 31, 2023December 31, 2022
Fixed Debt4.32 %4.32 %
Floating Debt6.45 %2.95 %
Total Debt4.93 %4.00 %
During the three months ended March 31, 2023 and 2022, we paid $29.6 million and $17.7 million in cash interest, respectively.
Bank Credit Agreement
In January 2023, we amended our $1.650 billion credit agreement due May 2024 to enter into a new $2.175 billion bank credit agreement due January 2028 with a syndicate of banks. The $2.175 billion bank credit agreement comprises a $1.5 billion Bank Credit Facility, including a sublimit of $100.0 million for letters of credit and a $675.0 million Term Loan, both due January 2028. As a result of the new agreement, we netted to a $138.8 million increase in our outstanding Term Loan balance. We also netted to a $155.0 million decrease in our outstanding Bank Credit Facility balance.

The Bank Credit Facility 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 Facility contains a maximum leverage ratio financial covenant and certain dividend and share repurchase restrictions. As of March 31, 2023, we were in compliance with all of our debt covenant. We issued $33.5 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.15% at March 31, 2023. As of March 31, 2023, we had $976.5 million in borrowing capacity under the Bank Credit Facility. The Bank Credit Facility had an interest rate of 6.78% and 5.64% at March 31, 2023 and December 31, 2022, respectively.
Subsequent to March 31, 2023, we increased our outstanding borrowings by $75.0 million to $565.0 million under our Bank Credit Facility due January 2028.
Debt Issuances and Additions
During the three months ended March 31, 2023, we issued or added $408.4 million of debt including:
•$284.1 million in proceeds from certain members of the syndicate of banks in our Term Loan;
•$65.0 million on our Bank Credit Facility due January 2028;
•$44.3 million in proceeds from certain members of the syndicate of banks in our Bank Credit Facility;
•$10.0 million on our Bank Credit Facility due May 2024; and
•$5.0 million in other debt.
Net proceeds from newly issued debt during the three months ended March 31, 2023 were used to pay down our Bank Credit Facility due May 2024, Term Loan due May 2024, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $7.5 million.
During the three months ended March 31, 2022, we drew $75.0 million on our Bank Credit Facility due May 2024 for general corporate purposes.
Debt Extinguishments and Reductions
During the three months ended March 31, 2023, we made aggregate debt payments of $350.4 million for scheduled and early debt extinguishment payments including:
•$199.3 million in aggregate principal payments to other members of our Bank Credit Facility;
•$145.3 million in aggregate principal payments to other members of our Term Loan;
•$4.2 million in aggregate principal of our Term Loan due January 2028;
•$0.4 million of premiums paid on early extinguishment of debt; and
•$1.2 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $1.1 million recorded in Losses on early extinguishment of debt in our Consolidated Statement of Operations for the three months ended March 31, 2023.
During the three months ended March 31, 2022, we made aggregate debt payments of $9.1 million for scheduled and early debt extinguishment payments including:•