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Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Component of Debt

At March 31, 2020 and December 31, 2019, debt consisted of the following (in millions):

 

 

 

March 31,

 

 

December 31,

 

 

 

 

2020

 

 

2019

 

 

Senior secured credit facilities, weighted-average interest rate of 2.74% and 4.05%, respectively

 

$

5,103.0

 

 

$

5,198.7

 

 

5.5% senior notes due 2027

 

 

2,000.0

 

 

 

2,000.0

 

 

Senior secured credit facilities revolving portion, weighted average interest rate of 2.96%

 

 

246.0

 

 

 

 

 

Other indebtedness

 

 

24.0

 

 

 

25.6

 

 

Unamortized original issue discount and debt issuance costs

 

 

(66.7

)

 

 

(70.2

)

 

 

 

 

7,306.3

 

 

 

7,154.1

 

 

Less: current portion of long-term debt

 

 

320.0

 

 

 

76.3

 

 

Long-term debt

 

$

6,986.3

 

 

$

7,077.8

 

 

Schedule of Carrying Amounts and Fair Values of Financial Instruments The carrying amounts and fair values of financial instruments are as follows (in millions):

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior secured credit facilities

 

$

5,103.0

 

 

$

4,759.7

 

 

$

5,198.7

 

 

$

5,231.7

 

5.5% senior notes due 2027

 

 

2,000.0

 

 

 

2,062.5

 

 

 

2,000.0

 

 

 

2,135.0

 

Senior secured credit facilities, revolving portion

 

 

246.0

 

 

 

221.7

 

 

 

 

 

 

 

Other indebtedness

 

 

24.0

 

 

 

24.2

 

 

 

25.6

 

 

 

25.9