XML 91 R61.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt - Additional Information (Details)
12 Months Ended
Aug. 09, 2019
USD ($)
$ / shares
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]      
Debt, par value, maturing in 2023   $ 450,000,000.0  
Debt, par value, maturing in 2024   400,000,000.0  
Term loan outstanding   1,793,800,000 $ 1,829,600,000
Senior notes      
Debt Instrument [Line Items]      
Term loan outstanding   $ 743,800,000 742,500,000
Senior notes | 2024 Senior Notes      
Debt Instrument [Line Items]      
Effective interest rate   4.42%  
Stated interest rate [1]   4.25%  
Senior notes | 2025 Senior Notes      
Debt Instrument [Line Items]      
Effective interest rate   3.66%  
Stated interest rate [1]   3.50%  
Junior subordinated notes      
Debt Instrument [Line Items]      
Term loan outstanding   $ 289,700,000 0
Effective interest rate   5.96%  
Stated interest rate [2],[3]   5.875%  
Senior bank debt      
Debt Instrument [Line Items]      
Term loan outstanding   $ 449,700,000 779,700,000
Senior bank debt | LIBOR      
Debt Instrument [Line Items]      
Basis spread over variable debt rate   0.875%  
Senior bank debt | Revolver      
Debt Instrument [Line Items]      
Maximum borrowing capacity   $ 1,250,000,000  
Maximum borrowing capacity, additional amount   500,000,000.0  
Outstanding borrowings   0 $ 330,000,000.0
Weighted average debt interest rate     3.92%
Commitment fee amount   1,500,000 $ 1,600,000
Senior bank debt | Term Loan      
Debt Instrument [Line Items]      
Maximum borrowing capacity   450,000,000.0  
Maximum borrowing capacity, additional amount   75,000,000.0  
Term loan outstanding   $ 450,000,000.0 $ 450,000,000
Weighted average interest rate on amount outstanding   2.66% 3.33%
Junior convertible securities      
Debt Instrument [Line Items]      
Term loan outstanding   $ 310,600,000 $ 307,400,000
Stated interest rate   5.15%  
Deferred tax liability   $ 8,400,000  
Conversion ratio (in shares) 0.2558    
Principal amount at maturity $ 50.00    
Conversion price (in usd per share) | $ / shares $ 195.47    
Redemption closing price trigger (in usd per share) | $ / shares $ 254.10    
Number of trading days closing price has exceeded threshold 20    
Number of consecutive trading days 30    
[1] f 100% of the principal amount of the notes to be redeemed and the remaining principal and interest payments on the notes being redeemed (excluding accrued but unpaid interest to, but not including, the redemption date) discounted to their present value as of the redemption date at the applicable treasury rate plus 0.25%
[2]
The Company may, at its option, and subject to certain conditions and restrictions, defer interest payments subject to the terms of the junior subordinated notes.
[3]
The junior subordinated notes may be redeemed at any time, in whole or in part, on or after March 30, 2024, at 100% of the principal amount of the notes being redeemed plus any accrued and unpaid interest thereon.  Prior to March 30, 2024, the junior subordinated notes may also be redeemed, in whole but not in part, at 100% of the principal amount, plus any accrued and unpaid interest, if certain changes in tax laws, regulations or interpretations occur; or at 102% of the principal amount, plus any accrued and unpaid interest, if a rating agency makes certain changes relating to the equity credit criteria for securities with features similar to the junior subordinated notes.