Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)

9 Months Ended

Sep. 30, 2025

Credit Risk and Fair Value of Financial Instruments [Abstract]

Credit Risk and Fair Value of Financial Instruments [Text Block]

Credit Risk and Fair Value of Financial Instruments

Fair Value Estimates

The fair value estimates of the following financial instruments have been determined using available market information and appropriate valuation methodologies. The carrying values of cash and cash equivalents, trade receivables, and trade payables approximate the fair values of these instruments due to the short-term nature of the instruments. The carrying values of receivables on preneed funeral and cemetery contracts approximate fair value as the terms and conditions of these contracts are comparable to our current contract offerings.

The fair value of our debt instruments was as follows:


	September 30, 2025		December 31, 2024
	(In thousands)
7.5% Senior Notes due April 2027	$	143,285	$	140,615
4.625% Senior Notes due December 2027	546,018		536,052
5.125% Senior Notes due June 2029	750,563		728,430
3.375% Senior Notes due August 2030	787,712		745,612
4.0% Senior Notes due May 2031	754,856		712,640
5.75% Senior Notes due October 2032	811,624		778,752
Term Loan due January 2028	628,594		641,250
Bank Credit Facility due January 2028	285,000		120,000
Corporate Headquarters Debt Facility due February 2037	33,533		—
Mortgage notes and other debt, maturities through 2050	82,371		85,574
Total fair value of debt instruments	$	4,823,556	$	4,488,925

The fair values of our long-term, fixed rate loans were estimated using market prices for those loans, and therefore they are classified within Level 2 of the fair value measurements hierarchy. The Term Loan, Bank Credit Facility, Corporate Headquarters Debt Facility, and the mortgage and other debt are classified within Level 3 of the fair value measurements hierarchy. The fair values of these instruments have been estimated using discounted cash flow analysis based on our incremental borrowing rate for similar borrowing arrangements. An increase (decrease) in the inputs results in a directionally opposite change in the fair value of the instruments.

SERVICE CORP INTERNATIONAL 10-Q