Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt Presented Net of Unamortized debt Issuance Costs and Other Financing Arrangements

The following table summarizes all outstanding debt (presented net of unamortized debt issuance costs) and other financing arrangements (in millions):

	June 30,		December 31,		June 30,
	2022		2021		2021
Revolving Lines of Credit
2026 ABL:
2026 U.S. Revolver1	$	455.1	$	—	$	—
2026 Canada Revolver2	6.2		—		—
Borrowings under revolving lines of credit, net	$	461.3	$	—	$	—
Long-term Debt, net
Term Loan:
2028 Term Loan3	$	975.9	$	979.8	$	983.6
Current portion	(10.0)		(10.0)		(10.0)
Long-term borrowings under term loan	965.9		969.8		973.6
Senior Notes:
2026 Senior Notes4	297.1		296.8		296.4
2029 Senior Notes5	346.6		346.3		346.1
Long-term borrowings under senior notes	643.7		643.1		642.5
Long-term debt, net	$	1,609.6	$	1,612.9	$	1,616.1
Equipment Financing Facilities, net
Equipment financing facilities6	$	—	$	—	$	0.4
Current portion	—		—		(0.4)
Long-term obligations under equipment financing, net	$	—	$	—	$	—

1.Effective rate on borrowings of 2.48% as of June 30, 2022.

2.Effective rate on borrowings of 3.95% as of June 30, 2022.

3.Interest rate of 3.31%, 2.34% and 2.59% as of June 30, 2022, December 31, 2021 and June 30, 2021, respectively.

4.Interest rate of 4.50% for all periods presented.

5.Interest rate of 4.125% for all periods presented.

6.Fixed interest rates ranging from 2.33% to 2.89% as of June 30, 2021.