Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Measurements

Fair value of debt instruments

We estimate the fair value of our financial instruments in accordance with U.S. GAAP. The fair value of our long-term debt and revolving credit facilities is estimated based on quoted market prices or prices quoted from third-party financial institutions. The fair value of our debt instruments is determined using Level 2 measurements. The carrying and fair values of these liabilities were as follows:

		September 30, 2023				December 31, 2022
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
	(In thousands)
5.10% senior notes due September 2023		$	—	$	—	$	52,004	$	51,354
0.75% senior exchangeable notes due January 2024			155,529		152,616		177,005		164,898
5.75% senior notes due February 2025			474,092		464,748		474,092		454,773
9.00% senior priority guaranteed notes due February 2025			—		—		209,384		213,507
7.25% senior guaranteed notes due January 2026			557,902		540,373		557,902		529,432
7.375% senior priority guaranteed notes due May 2027			700,000		679,504		700,000		686,686
7.50% senior guaranteed notes due January 2028			389,609		359,843		389,609		354,400
1.75% senior exchangeable notes due June 2029			250,000		221,113		—		—
		$	2,527,132	$	2,418,196	$	2,559,996	$	2,455,050
Less: deferred financing costs			25,793				22,456
		$	2,501,339			$	2,537,540