Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2024

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):

	December 31,
	2024		2023
Revolving Lines of Credit
2026 ABL:
2026 U.S. Revolver1	$	146.0	$	80.0
2026 Canada Revolver2	2.1		—
Borrowings under revolving lines of credit, net	$	148.1	$	80.0
Long-term Debt, net
Term Loan:
2028 Term Loan3	$	1,254.1	$	964.5
Current portion	(12.8)		(10.0)
Long-term borrowings under term loan	1,241.3		954.5
Senior Notes:
2026 Senior Notes4	298.8		298.1
2029 Senior Notes5	347.8		347.4
2030 Senior Notes6	593.3		592.3
Long-term borrowings under senior notes	1,239.9		1,237.8
Long-term debt, net	$	2,481.2	$	2,192.3

1.Effective rate on borrowings of 6.23% and 6.68% as of December 31, 2024 and 2023, respectively.

2.Effective rate on borrowings of 5.70% as of December 31, 2024.

3.Interest rate of 6.36% and 7.97% as of December 31, 2024 and 2023, respectively.

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

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

6.Interest rate of 6.50% for all periods presented.

Schedule of Maturities of Long-term Debt

The following table presents annual principal payments for all outstanding financing arrangements for each of the next five years and thereafter (in millions):

Year Ending December 31,	2026 ABL		2028 Term Loan		Senior Notes1		Total
2025	$	—	$	12.8	$	—	$	12.8
2026	150.4		12.8		300.0		463.2
2027	—		12.8		—		12.8
2028	—		1,223.9		—		1,223.9
2029	—		—		350.0		350.0
Thereafter	—		—		600.0		600.0
Total debt	150.4		1,262.3		1,250.0		2,662.7
Unamortized debt issuance costs	(2.3)		(8.2)		(10.1)		(20.6)
Total debt, net	$	148.1	$	1,254.1	$	1,239.9	$	2,642.1

1.Represent principal amounts for 2026, 2029, and 2030 Senior Notes.