Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Measurements

Fair value of debt instruments

We estimate the fair value of our debt 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:

		March 31, 2024				December 31, 2023
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
	(In thousands)
0.75% senior exchangeable notes due January 2024		$	—	$	—	$	155,529	$	154,989
5.75% senior notes due February 2025			—		—		474,092		474,120
7.25% senior guaranteed notes due January 2026			555,902		552,661		555,902		535,328
7.375% senior priority guaranteed notes due May 2027			700,000		699,356		700,000		687,526
7.50% senior guaranteed notes due January 2028			389,609		365,087		389,609		334,090
1.75% senior exchangeable notes due June 2029			250,000		187,225		250,000		185,383
9.125% senior priority guaranteed notes due January 2030			650,000		676,195		650,000		656,871
		$	2,545,511	$	2,480,524	$	3,175,132	$	3,028,307
Less: current portion			—				629,621
Less: deferred financing costs			33,336				33,992
		$	2,512,175			$	2,511,519