Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Swap Agreements That Will Fix the Floating Interest Rates Associated With Its Term Loan

The Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table:

Designation Date	Effective Date	Initial Notional Amount		Notional Amount Outstanding as of March 31, 2022			Fixed Rate			Expiration Date
July 2021	August 2020		557,500,000			557,500,000		2.5069	%	May 2022
July 2021	August 2020		89,863,420			101,365,120		3.0680	%	February 2023
December 2021	August 2020		181,205,050			162,935,400		0.7203	%	April 2024
December 2021	August 2020		388,877,200			367,997,600		0.6826	%	April 2024
December 2021	May 2022		220,130,318		n/a			0.4570	%	April 2024
December 2021	May 2022		306,004,562		n/a			0.4480	%	April 2024
December 2021	April 2024		871,205,040		n/a			1.6533	%	June 2025
December 2021	April 2024		435,602,520		n/a			1.6560	%	June 2025
December 2021	April 2024		435,602,520		n/a			1.6650	%	June 2025
March 2022	June 2025		1,197,000,000		n/a			2.5540	%	December 2026

Schedule of Fair Values and Location of Outstanding Derivative Instruments Recorded in the Condensed Consolidated Balance Sheets

The fair values and location of outstanding derivative instruments recorded in the Condensed Consolidated Balance Sheets are as follows (in millions):

	March 31,		December 31,
	2022		2021
Assets
Other current assets	$	18	$	1
Other assets	$	58	$	16
Total	$	76	$	17
Liabilities
Other current liabilities	$	3	$	8
Other liabilities		1		1
Total	$	4	$	9