Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2022

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)	September 30, 2022		December 31, 2021
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	543.1		—
Amended Term Loan B Facility due 2029	997.5		—
Term Loan A Facility due 2023	—		583.8
Term Loan B-1 Facility due 2025	—		979.9
5.625% Notes due 2027	400.0		400.0
4.125% Notes due 2029	400.0		400.0
2.75% Convertible Notes due 2026	330.5		330.5
Other long-term obligations	157.2		146.3
	2,828.3		2,840.5
Less: Current maturities of long-term debt	(55.8)		(99.5)
Less: Debt discounts	(4.7)		(73.1)
Less: Debt issuance costs	(37.6)		(30.6)
	$	2,730.2	$	2,637.3

Schedule of Maturities of Long-term Debt

The following is a schedule of future minimum repayments of long-term debt as of September 30, 2022 (in millions):

Years ending December 31:
2022 (excluding the nine months ended September 30, 2022)	$	18.1
2023	56.2
2024	47.6
2025	38.2
2026	479.2
Thereafter	2,189.0
Total minimum payments	$	2,828.3

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	September 30, 2022		December 31, 2021
Liability component:
Principal	$	330.5	$	330.5
Unamortized debt discount	—		(71.7)
Unamortized debt issuance costs	(6.6)		(5.3)
Net carrying amount	$	323.9	$	253.5
Carrying amount of equity component	$	—	$	88.2

Schedule of Interest Expense, Net

The table below presents interest expense, net:

	For the three months ended September 30,				For the nine months ended September 30,
(in millions)	2022		2021		2022		2021
Interest expense	$	199.1	$	146.1	$	556.0	$	421.8
Interest income	(5.2)		(0.3)		(7.0)		(0.7)
Capitalized interest	(0.6)		(0.9)		(1.3)		(2.5)
Interest expense, net	$	193.3	$	144.9	$	547.7	$	418.6

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

	For the three months ended September 30,				For the nine months ended September 30,
(in millions)	2022		2021		2022		2021
Coupon interest	$	2.3	$	2.3	$	6.8	$	6.8
Amortization of debt discount	—		3.2		—		9.4
Amortization of debt issuance costs	0.5		0.2		1.3		0.7
Convertible Notes interest expense	$	2.8	$	5.7	$	8.1	$	16.9