Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2023

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, 2023		December 31, 2022
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	515.6		536.2
Amended Term Loan B Facility due 2029	987.5		995.0
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	172.6		156.1
	2,806.2		2,817.8
Less: Current maturities of long-term debt	(56.7)		(56.2)
Less: Debt discounts	(4.1)		(4.6)
Less: Debt issuance costs	(30.0)		(35.7)
	$	2,715.4	$	2,721.3

Schedule of Maturities of Long-term Debt

The following is a schedule of future minimum repayments of long-term debt as of September 30, 2023 (in millions):

Years ending December 31:
2023 (excluding the nine months ended September 30, 2023)	$	18.5
2024	47.6
2025	38.2
2026	512.9
2027	837.0
Thereafter	1,352.0
Total minimum payments	$	2,806.2

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	September 30, 2023		December 31, 2022
Liability:
Principal	$	330.5	$	330.5
Unamortized debt issuance costs	(4.9)		(6.2)
Net carrying amount	$	325.6	$	324.3

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)	2023		2022		2023		2022
Interest expense	$	119.2	$	199.1	$	350.1	$	556.0
Capitalized interest	(1.7)		(0.6)		(4.0)		(1.3)
Interest expense, net	$	117.5	$	198.5	$	346.1	$	554.7

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)	2023		2022		2023		2022
Coupon interest	$	2.3	$	2.3	$	6.8	$	6.8
Amortization of debt issuance costs	0.4		0.5		1.3		1.3
Convertible Notes interest expense	$	2.7	$	2.8	$	8.1	$	8.1