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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Carrying Amounts, Estimated Fair Values and Valuation Input Levels of the Company's Debt Instruments, Interest Rate Derivatives and Foreign Currency Contracts

The carrying amounts, estimated fair values and valuation input levels of the Company’s debt instruments, interest rate derivatives and foreign currency contracts as of March 31, 2022 and December 31, 2021, are as follows:

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

 

 

Carrying
Amount

 

 

Fair Value

 

 

Carrying
Amount

 

 

Fair Value

 

 

Valuation
Inputs

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

7.4

 

 

$

7.4

 

 

$

5.7

 

 

$

5.7

 

 

Level 2

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.125% senior notes due 2028

 

$

700.0

 

 

$

619.5

 

 

$

700.0

 

 

$

690.4

 

 

Level 2

5.00% senior notes due 2027

 

 

750.0

 

 

 

651.3

 

 

 

750.0

 

 

 

705.0

 

 

Level 2

8.25% senior notes due 2027

 

 

1,000.0

 

 

 

974.0

 

 

 

1,000.0

 

 

 

1,023.8

 

 

Level 2

6.00% senior notes due 2025

 

 

1,300.0

 

 

 

1,241.5

 

 

 

1,300.0

 

 

 

1,300.0

 

 

Level 2

4.75% senior secured notes due 2029

 

 

1,250.0

 

 

 

1,153.1

 

 

 

1,250.0

 

 

 

1,240.3

 

 

Level 2

6.00% senior secured notes due 2026

 

 

1,500.0

 

 

 

1,513.6

 

 

 

1,500.0

 

 

 

1,554.4

 

 

Level 2

Senior secured term loan due 2026

 

 

3,120.0

 

 

 

3,038.1

 

 

 

3,128.0

 

 

 

3,092.8

 

 

Level 2

Foreign currency contracts

 

 

1.9

 

 

 

1.9

 

 

 

0.8

 

 

 

0.8

 

 

Level 2

Interest rate swap contracts

 

 

0.5

 

 

 

0.5

 

 

 

11.8

 

 

 

11.8

 

 

Level 2