Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024			Fixed Rate			Expiration Date
December 2021	August 2020	$	181,205,050	$		514,914,770		0.7203	%	April 2024
December 2021	August 2020	$	388,877,200	$		643,286,150		0.6826	%	April 2024
December 2021	May 2022	$	220,130,318	$		269,641,030		0.4570	%	April 2024
December 2021	May 2022	$	306,004,562	$		343,349,050		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
March 2023	March 2023	$	150,000,000	$		150,000,000		3.9025	%	December 2026
March 2023	March 2023	$	150,000,000	$		150,000,000		3.9100	%	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,
	2024		2023
Assets
Other current assets	$	56	$	60
Other assets		21		17
Total	$	77	$	77
Liabilities
Other current liabilities	$	—	$	—
Other liabilities		—		3
Total	$	—	$	3