Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Senior Notes

Our notes payable are summarized as follows ($000’s omitted):

	December 31,
	2020		2019
4.250% unsecured senior notes due March 2021 (a)	$	425,954	$	425,954
5.500% unsecured senior notes due March 2026 (a)	700,000		700,000
5.000% unsecured senior notes due January 2027 (a)	600,000		600,000
7.875% unsecured senior notes due June 2032 (a)	300,000		300,000
6.375% unsecured senior notes due May 2033 (a)	400,000		400,000
6.000% unsecured senior notes due February 2035 (a)	300,000		300,000
Net premiums, discounts, and issuance costs (b)	(13,750)		(14,295)
Total senior notes	$	2,712,204	$	2,711,659
Other notes payable	40,098		53,381
Notes payable	$	2,752,302	$	2,765,040
Estimated fair value	$	3,415,662	$	3,152,046

(a)Redeemable prior to maturity; guaranteed on a senior basis by certain wholly-owned subsidiaries.

(b)The carrying value of senior notes reflects the impact of premiums, discounts, and issuance costs that are amortized to interest cost over the respective terms of the senior notes

Schedule of Financial Services available credit lines

The following is aggregate borrowing information for our mortgage operations ($000’s omitted):

 

	December 31,
	2020			2019
Available credit lines	$	420,000		$	375,000
Unused credit lines	$	8,179		$	48,427
Weighted-average interest rate	2.55		%	4.16		%