Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt, Net of Current Maturities, Debt Discounts and Issuance Costs

The table below presents long-term debt, net of current maturities, debt discounts and issuance costs:

(in millions)	June 30, 2021		December 31, 2020
Senior Secured Credit Facilities:
Revolving Credit Facility due 2023	$	—	$	—
Term Loan A Facility due 2023	610.4		636.9
Term Loan B-1 Facility due 2025	985.5		991.2
5.625% Notes due 2027	400.0		400.0
2.75% Convertible Notes due 2026	330.5		330.5
Other long-term obligations	141.9		73.0
	2,468.3		2,431.6
Less: Current maturities of long-term debt	(90.4)		(81.4)
Less: Debt discount	(79.9)		(86.2)
Less: Debt issuance costs	(28.1)		(32.8)
	$	2,269.9	$	2,231.2

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	June 30, 2021		December 31, 2020
Liability component:
Principal	$	330.5	$	330.5
Unamortized debt discount	(78.2)		(84.4)
Unamortized debt issuance costs	(5.8)		(6.2)
Net carrying amount	$	246.5	$	239.9
Carrying amount of equity component	$	88.2	$	88.2

Schedule of Interest Expense, Net

The table below presents interest expense, net:

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2021		2020		2021		2020
Interest expense	$	(139.1)	$	(135.7)	$	(275.7)	$	(266.1)
Interest income	0.2		0.2		0.4		0.4
Capitalized interest	0.9		0.5		1.6		0.9
Interest expense, net	$	(138.0)	$	(135.0)	$	(273.7)	$	(264.8)

The table below presents interest expense related to the Convertible Notes:

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2021		2020		2021		2020
Coupon interest	$	2.2	$	1.2	$	4.5	$	1.2
Amortization of debt discount	3.1		1.4		6.2		1.4
Amortization of debt issuance costs	0.3		0.1		0.5		0.1
Convertible Notes interest expense	$	5.6	$	2.7	$	11.2	$	2.7