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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Borrowings Outstanding
Debt for the Company consists of the following:
(in millions)
December 31, 2018
 
December 31, 2017
 
 
Debt:
Amount
 
Rate
 
Amount
 
Rate
 
Maturity Date
2016 Credit Agreement:
 
 
 
 
 
 
 
 
 
Term A Facility
$
525.0

 
(1)
 
$
555.0

 
(2)
 
April 6, 2021
Revolver

 
(1)
 

 
(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
9.1

 
(3)
 
49.0

 
(3)
 
April 12, 2019
Capital lease obligations (4)
66.7

 
 
 
71.8

 
 
 
Various
Other
3.0

 
 
 
36.7

 
 
 
Various
Total debt
1,653.8

 
 
 
1,762.5

 
 
 
 
Less: Deferred financing costs
7.6

 
 
 
9.4

 
 
 
 
Total debt, net
1,646.2

 
 
 
1,753.1

 
 
 
 
Less: Current portion
47.1

 
 
 
72.4

 
 
 
 
Total long-term debt, net
$
1,599.1

 
 
 
$
1,680.7

 
 
 
 
(1)
Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2018.
(2)
Interest at LIBOR plus applicable margin of 1.75% as of December 31, 2017.

(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, 2018
 
December 31, 2017
2023 Senior Notes
 
$
435.6

 
$
470.9

2026 Senior Notes
 
549.3

 
618.1

Schedule of Maturities of Long-term Debt
As of December 31, 2018, 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)
 
 
2019
 
$
56.1

2020
 
59.4

2021
 
442.2

2022
 
5.9

2023
 
455.3

Thereafter
 
634.9

Total
 
$
1,653.8