Subsequent Events	6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	20. Subsequent Events On July 18, 2024, CUSA issued $500.0 7.00% senior notes, at par (the “7.00% Senior Notes”). The notes will mature on August 1, 2032. Interest on the 7.00% Senior Notes will be payable on February 1 and August 1 of each year, beginning on February 1, 2025. CUSA incurred debt issuance costs of approximately $7.0 in connection with the issuance, which will be recorded as a reduction of long-term debt on the Company’s consolidated balance sheet. Proceeds, after payment of fees, will be used to repurchase any of CUSA’s 5.875% $405.0 aggregate principal amount of Senior Notes due March 2026 (the “5.875% Senior Notes”), tendered as discussed below, and for general corporate purposes. Concurrently with the 7.00% Senior Notes bond offering, on July 9, 2024, CUSA commenced a cash tender offer to purchase any and all of CUSA’s 5.875% Senior Notes. On July 18, 2024, CUSA completed the tender offer to repurchase any and all of its 5.875% Senior Notes, of which $345.3 was tendered at the expiration of the tender offer. Accordingly, $59.7 aggregate principal amount of the 5.875% Senior Notes remains outstanding. The notes are fully and unconditionally guaranteed on a joint and several senior unsecured basis by certain of CUSA’s subsidiaries, or its guarantors, that guarantee, assume or in any other manner become liable with respect to any of CUSA’s or its guarantors’ other debt. The 7.00% Senior Notes and the guarantees are senior unsecured obligations and rank equally in right of payment with all of CUSA’s and its guarantor’s existing and future senior debt, including the 5.25% senior notes due 2028, the 5.875% senior notes due 2026 that remain outstanding following the tender offer to redeem the 5.875% Senior Notes, and all borrowings under CUSA’s Credit Agreement. The notes and the guarantees will be structurally subordinated to all existing and future debt and other liabilities of CUSA’s non-guarantor subsidiaries. The notes and the guarantees will be structurally senior to the 4.50% convertible senior notes due 2025, and all future debt, if any, issued by Holdings that is not guaranteed by CUSA or any of its subsidiaries. CUSA may redeem the 7.00% Senior Notes in whole or in part at redemption prices set forth in the indenture. Prior to August 1, 2027, CUSA has the option to redeem all or a portion of the 7.00% Senior Notes at a price equal to 100.0% of the principal amount thereof, plus accrued and unpaid interest, if any, plus a make-whole premium. On or after August 1, 2027, CUSA may redeem the 7.00% Senior Notes in whole or in part at redemption prices specified in the indenture. Prior to August 1, 2027, CUSA may redeem up to 40% of the aggregate principal amount of the 7.00% Senior Notes with funds in an amount equal to the net proceeds of certain equity offerings at 107.0% of the principal amount.

Subsequent Events

6 Months Ended

Jun. 30, 2024

20. Subsequent Events

On July 18, 2024, CUSA issued $500.0 7.00% senior notes, at par (the “7.00% Senior Notes”). The notes will mature on August 1, 2032. Interest on the 7.00% Senior Notes will be payable on February 1 and August 1 of each year, beginning on February 1, 2025. CUSA incurred debt issuance costs of approximately $7.0 in connection with the issuance, which will be recorded as a reduction of long-term debt on the Company’s consolidated balance sheet. Proceeds, after payment of fees, will be used to repurchase any of CUSA’s 5.875% $405.0 aggregate principal amount of Senior Notes due March 2026 (the “5.875% Senior Notes”), tendered as discussed below, and for general corporate purposes.

Concurrently with the 7.00% Senior Notes bond offering, on July 9, 2024, CUSA commenced a cash tender offer to purchase any and all of CUSA’s 5.875% Senior Notes. On July 18, 2024, CUSA completed the tender offer to repurchase any and all of its 5.875% Senior Notes, of which $345.3 was tendered at the expiration of the tender offer. Accordingly, $59.7 aggregate principal amount of the 5.875% Senior Notes remains outstanding.

The notes are fully and unconditionally guaranteed on a joint and several senior unsecured basis by certain of CUSA’s subsidiaries, or its guarantors, that guarantee, assume or in any other manner become liable with respect to any of CUSA’s or its guarantors’ other debt. The 7.00% Senior Notes and the guarantees are senior unsecured obligations and rank equally in right of payment with all of CUSA’s and its guarantor’s existing and future senior debt, including the 5.25% senior notes due 2028, the 5.875% senior notes due 2026 that remain outstanding following the tender offer to redeem the 5.875% Senior Notes, and all borrowings under CUSA’s Credit Agreement. The notes and the guarantees will be structurally subordinated to all existing and future debt and other liabilities of CUSA’s non-guarantor subsidiaries. The notes and the guarantees will be structurally senior to the 4.50% convertible senior notes due 2025, and all future debt, if any, issued by Holdings that is not guaranteed by CUSA or any of its subsidiaries.

CUSA may redeem the 7.00% Senior Notes in whole or in part at redemption prices set forth in the indenture. Prior to August 1, 2027, CUSA has the option to redeem all or a portion of the 7.00% Senior Notes at a price equal to 100.0% of the principal amount thereof, plus accrued and unpaid interest, if any, plus a make-whole premium. On or after August 1, 2027, CUSA may redeem the 7.00% Senior Notes in whole or in part at redemption prices specified in the indenture. Prior to August 1, 2027, CUSA may redeem up to 40% of the aggregate principal amount of the 7.00% Senior Notes with funds in an amount equal to the net proceeds of certain equity offerings at 107.0% of the principal amount.