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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Component of Debt

At June 30, 2022 and December 31, 2021, debt consisted of the following (in millions):

 

 

June 30,

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

 

Senior secured credit facilities, weighted-average interest rate of 3.54% and 1.85%, respectively

 

$

5,350.5

 

 

$

3,974.5

 

 

5.5% senior notes due 2027

 

 

2,000.0

 

 

 

2,000.0

 

 

Other indebtedness

 

 

1.2

 

 

 

5.2

 

 

Unamortized original issue discount and debt issuance costs

 

 

(59.4

)

 

 

(30.8

)

 

 

 

 

7,292.3

 

 

 

5,948.9

 

 

Less: current portion of long-term debt

 

 

57.8

 

 

 

47.4

 

 

Long-term debt

 

$

7,234.5

 

 

$

5,901.5

 

 

 

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of financial instruments are as follows (in millions):

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Senior secured credit facilities

 

$

5,350.5

 

 

$

5,112.2

 

 

$

3,974.5

 

 

$

3,943.5

 

5.5% senior notes due 2027

 

 

2,000.0

 

 

 

1,871.4

 

 

 

2,000.0

 

 

 

2,094.8

 

Senior secured credit facilities, revolving portion

 

 

 

 

 

 

 

 

 

 

 

 

Other indebtedness

 

 

1.2

 

 

 

1.2

 

 

 

5.2

 

 

 

5.2