Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt for the Company consists of the following:



(in millions)	December 31, 2019			December 31, 2018
Debt:	Amount		Rate	Amount		Rate	Maturity Date
2019 Credit Agreement:
Term A Facility	$	425.0	(1)	$	—	N/A	October 16, 2024
Revolver	—		(1)	—		N/A	October 16, 2024
2016 Credit Agreement:
Term A Facility	—		N/A	525.0		(2)
Revolver	—		N/A	—		(2)
2026 Senior Notes	600.0		5.500%	600.0		5.500%	June 15, 2026
2023 Senior Notes	450.0		5.625%	450.0		5.625%	October 15, 2023
Securitized debt	—		(3)	9.1		(3)	April 6, 2021
Finance lease obligations ⁽⁴⁾	64.1			66.7			Various
Other	7.9			3.0			Various
Total debt	1,547.0			1,653.8
Less: Deferred financing costs	7.0			7.6
Total debt, net	1,540.0			1,646.2
Less: Current portion	37.4			47.1
Total long-term debt, net	$	1,502.6		$	1,599.1



(1)	Interest at LIBOR plus applicable margin of 1.625% as of December 31, 2019.
(2)	Interest at LIBOR plus applicable margin of 2.00% as of December 31, 2018.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Finance lease obligations are a non-cash financing activity. Refer to Note 9, "Leases."

Schedule of Estimated Fair Values of Debt Instruments

The fair values of these material financial instruments are as follows:



	Fair Value
(in millions)	December 31, 2019		December 31, 2018
2023 Senior Notes	$	464.2	$	435.6
2026 Senior Notes	634.9		549.3

Schedule of Maturities of Long-term Debt

As of December 31, 2019, the scheduled maturities of long-term debt outstanding, excluding finance lease obligations, for each of the next five years and thereafter are as follows:



(in millions)
2020	$	29.2
2021	21.3
2022	21.3
2023	481.8
2024	329.3
Thereafter	600.0
Total	$	1,482.9