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Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)
 6 Months Ended
Jun. 30, 2023
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:
June 30, 2023December 31, 2022
 (In thousands)
7.5% Senior Notes due April 2027$142,646 $141,499 
4.625% Senior Notes due December 2027521,070 513,909 
5.125% Senior Notes due June 2029709,012 709,125 
3.375% Senior Notes due August 2030712,198 702,202 
4.0% Senior Notes due May 2031683,280 685,680 
Term Loan due May 2024— 536,250 
Term Loan due January 2028666,563 — 
Bank Credit Facility due May 2024— 570,000 
Bank Credit Facility due January 2028605,000 — 
Mortgage notes and other debt, maturities through 205077,377 63,168 
Total fair value of debt instruments$4,117,146 $3,921,833 
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.