Long-Term and Other Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following reflects our outstanding debt:

	As of
	March 31, 2017											December 31, 2016
	Face value		Unamortized debt (discount) premium			Unamortized deferred financing costs			Book value			Book value
Senior Secured Credit Facilities:
Revolver, varying interest rate, due 2018	$	—	$	—		$	—		$	—		$	45.0
Revolver, varying interest rate, due 2020	—		—			—			—			—
Term Loan B-1	—		—			—			—			2,183.5
Term Loan B-2	—		—			—			—			1,905.8
Term Loan B-3	3,291.0		(16.3		)	(58.2		)	3,216.5			—
Senior Notes:
Secured Notes	2,100.0		67.5			(31.8		)	2,135.7			936.3
Unsecured Notes	2,200.0		—			(34.5		)	2,165.5			2,164.0
Subordinated Notes:
2018 Notes	—		—			—			—			248.7
2020 Notes	243.5		—			(2.1		)	241.4			241.2
2021 Notes	340.6		(1.4		)	(4.3		)	334.9			334.5
Capital lease obligations, 3.9% interest as of March 31, 2017 payable monthly through 2019	13.7		—			—			13.7			15.2
Total long-term debt outstanding	$	8,188.8	$	49.8		$	(130.9	)	$	8,107.7		$	8,074.2
Less: current portion of long-term debt									(39.3		)	(49.3		)
Long-term debt, excluding current portion									$	8,068.4		$	8,024.9
Fair value of debt(1)	$	8,379.2										$	8,221.8

(1) Fair value of our fixed rate and variable interest rate debt is classified within level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.

Schedule of Components of Extinguishment and Modification of Debt

The following are components of the loss on extinguishment and modification of debt for the three months ended March 31, 2017:

Unamortized debt discount and deferred financing costs	$	(25.8	)
Third party debt issuance fees	(3.9		)
Total loss on extinguishment and modification of debt	$	(29.7	)