XML 57 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
Debt for the Company consists of the following:
(in millions)
December 31, 2017
 
December 31, 2016
 
 
Debt:
Amount
 
Rate
 
Amount
 
Rate
 
Maturity Date
2016 Credit Agreement:
 
 
 
 
 
 
 
 
 
Term A Facility
$
555.0

 
(1)
 
$
585.0

 
(2)
 
April 6, 2021
Revolver

 
(1)
 
156.9

 
(2)
 
April 6, 2021
2026 Senior Notes
600.0

 
5.500%
 
600.0

 
5.500%
 
June 15, 2026
2023 Senior Notes
450.0

 
5.625%
 
450.0

 
5.625%
 
October 15, 2023
Securitized debt
49.0

 
(3)
 

 
N/A
 
April 12, 2019
Capital lease obligations (4)
71.8

 
 
 
73.3

 
 
 
Various
Other
36.7

 
 
 
35.8

 
 
 
Various
Total debt
1,762.5

 
 
 
1,901.0

 
 
 
 
Less: deferred financing costs
(9.4
)
 
 
 
(12.9
)
 
 
 
 
Total debt, net
1,753.1

 
 
 
1,888.1

 
 
 
 
Less: current portion
(72.4
)
 
 
 
(70.3
)
 
 
 
 
Total long-term debt, net
$
1,680.7

 
 
 
$
1,817.8

 
 
 
 
(1)
Interest at LIBOR plus applicable margin of 1.75% as of December 31, 2017.
(2)
Interest at LIBOR plus applicable margin of 1.50% as of December 31, 2016.

(3)
Interest at one month LIBOR index plus 80 basis points.
(4)
Capital lease obligations are a non-cash financing activity.
Schedule of Estimated Fair Values of Debt Instruments
The fair values of these material financial instruments are as follows:

 
 
Fair Value
(in millions)
 
December 31, 2017
 
December 31, 2016
2023 Senior Notes
 
$
470.9

 
$
468.5

2026 Senior Notes
 
618.1

 
606.8

Schedule of Maturities of Long-term Debt
As of December 31, 2017, the scheduled maturities of long-term debt outstanding, including capital lease obligations, for each of the next five years and thereafter are as follows:

(in millions)
 
 
2018
 
$
72.4

2019
 
92.9

2020
 
59.3

2021
 
442.1

2022
 
5.7

Thereafter
 
1,090.1

Total
 
$
1,762.5