Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt, Net of Current Maturities

Long-term debt, net of current maturities, was as follows:

(in millions)	September 30, 2020		December 31, 2019
Senior Secured Credit Facilities:
Revolving Credit Facility due 2023	$	—	$	140.0
Term Loan A Facility due 2023	645.8		672.3
Term Loan B-1 Facility due 2025	1,109.0		1,117.5
5.625% Notes due 2027	400.0		400.0
2.75% Convertible Notes due 2026	330.5		—
Other long-term obligations	80.8		89.2
	2,566.1		2,419.0
Less: Current maturities of long-term debt	(84.8)		(62.9)
Less: Debt discount	(89.6)		(2.4)
Less: Debt issuance costs	(36.0)		(31.5)
	$	2,355.7	$	2,322.2

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	September 30, 2020
Liability component:
Principal	$	330.5
Unamortized debt discount	(87.4)
Unamortized debt issuance costs	(6.4)
Net carrying amount	$	236.7
Carrying amount of equity component	$	88.2

Schedule of Interest Expense, Net

Interest expense, net, was as follows:

	For the three months ended September 30,				For the nine months ended September 30,
(in millions)	2020		2019		2020		2019
Interest expense	$	(143.3)	$	(134.2)	$	(409.4)	$	(401.8)
Interest income	0.3		0.6		0.7		1.2
Capitalized interest	0.7		0.1		1.6		0.1
Interest expense, net	$	(142.3)	$	(133.5)	$	(407.1)	$	(400.5)

Interest expense related to the Convertible Notes was as follows:

	For the three months ended September 30,		For the nine months ended September 30,
(in millions)	2020		2020
Coupon interest	$	2.3	$	3.5
Amortization of debt discount	2.9		4.3
Amortization of debt issuance costs	0.2		0.3
Convertible Notes interest expense	$	5.4	$	8.1