Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Long-term debt

The aggregate carrying values of our long-term debt obligations and their par values, if different, as of June 30, 2023 and December 31, 2022 are presented in table 3.1 below.

Long-term debt obligations
Table	3.1
(In thousands)		June 30, 2023		December 31, 2022
5.25% Notes, due August 2028 (par value: $650 million)		$	642,460	$	641,724
9% Debentures, due April 2063 (1)		21,086		21,086
Long-term debt, carrying value		$	663,546	$	662,810

(1)Convertible at any time prior to maturity at the holder’s option, at a conversion rate, which is subject to adjustment, of 77.9620 shares per $1,000 principal amount, representing a conversion price of approximately $12.83 per share. The payment of dividends by our holding company results in adjustments to the conversion rate, with such adjustments generally deferred until the end of the year.