Borrowings (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Components of Long-Term Debt

Our borrowings at December 31, 2020 and 2019 were as follows:

	2020		2019
Senior Credit Facility:
Revolving credit facility, at a rate of 1.66% at December 31, 2020, and 3.12% at December 31, 2019, due 2024	$	350,000	$	300,000
Term loan facility, at a rate of 1.65% at December 31, 2020 and 3.17% at December 31 2019, due 2024	673,000		673,000
4.875% Senior Notes due 2026	400,000		400,000
4.625% Senior Notes due 2027	500,000		500,000
4.25% Senior Notes due 2028	500,000		—
Securitization program, at a rate of 1.24% at December 31, 2020 and 2.51% at December 31, 2019	75,000		50,000
	2,498,000		1,923,000
Less: Unamortized debt issuance costs	(19,612)		(14,057)
	2,478,388		1,908,943
Current portion of borrowings	(100,500)		(50,000)
Long-term borrowings	$	2,377,888	$	1,858,943

Fair Value of Debt

The following table provides the fair value of our debt as of December 31, 2020 and 2019, which is valued based on Level 2 inputs within the hierarchy used to measure fair value (see Note 12 to the consolidated financial statements for further information):

	December 31, 2020		December 31, 2019
Fair value of debt	$	2,586,058	$	1,974,918

Aggregate Amounts of Long-Term Debt

Debt Maturities

As of December 31, 2020, the aggregate amounts of long-term debt, demand loans and debt under our securitization program that will mature during each of the next four years and thereafter were as follows:

2021	$	100,500
2022	35,000
2023	43,750
2024	918,750
2025 and thereafter	1,400,000

Schedule of Cash Flow, Supplemental Disclosures, Debt

Supplemental cash flow information

	Year Ended December 31,
	2020		2019		2018
Cash interest paid	$	79,533	$	95,954	$	101,790