XML 42 R32.htm IDEA: XBRL DOCUMENT v3.21.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Outstanding Convertible Debt and Related Debt Issuance Costs
The components of debt consisted of the following:
(in millions)
June 30, 2021December 31, 2020
1.375% Convertible Senior Notes due November 2024
$32.1 $402.5 
0.375% Convertible Senior Notes due September 2026
800.0 800.0 
Term loan due May 2028500.0 — 
Equipment financing due May 202419.2 22.2 
Equipment financing due November 202533.0 36.4 
5.15% Mortgage due November 2025
68.7 69.7 
Unamortized debt discount(179.9)(252.5)
Debt issuance costs(17.0)(19.0)
Total debt1,256.1 1,059.3 
Less: current portion20.9 15.6 
Total long-term debt$1,235.2 $1,043.7 
Schedule of Carrying Amount and Estimated Fair Value of Convertible Debt
The carrying amount and the estimated fair value of the Company’s debt were as follows:
June 30, 2021December 31, 2020
(in millions)
Carrying
Value		Estimated
Fair Value		Carrying
Value
Estimated
Fair Value (1)
1.375% Convertible Senior Notes due November 2024 (1)
$26.6 $95.8 $323.9 $1,104.2 
0.375% Convertible Senior Notes due September 2026 (1)
623.8 980.9 609.2 902.0 
Term loan due May 2028 (2)
486.7 $500.6 $— $— 
  Total$1,137.1 $1,577.3 $933.1 $2,006.2 
(1) Convertible debt is classified as Level 2 in the fair value hierarchy. Fair value was determined using the Company’s quoted stock price and the contractual conversion rate.
(2) Term debt is classified as Level 1 in the fair value hierarchy. Fair value was determined using quoted market prices.