XML 66 R55.htm IDEA: XBRL DOCUMENT v3.20.2
Debt - New Senior Secured Credit Facility - Additional Information (Details) - USD ($)
1 Months Ended 6 Months Ended
Oct. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Mar. 31, 2019
Debt Instrument [Line Items]          
Long-term debt   $ 2,816,000,000   $ 2,544,000,000  
Deferred financing fees   $ 24,000,000   $ 26,000,000  
Prior Term Loan          
Debt Instrument [Line Items]          
Long-term debt         $ 500,000,000
Debt instrument, due date   2022      
Prior Revolving Credit Facility          
Debt Instrument [Line Items]          
Long-term debt         550,000,000
Debt instrument, due date   2021      
New Revolving Credit Facility          
Debt Instrument [Line Items]          
Long-term debt         50,000,000
Debt instrument extended, due date   2024      
Debt instrument, maturity month and year   2024-09      
Credit facility, commitments amount   $ 600,000,000      
Borrowing capacity at any time   500,000,000      
Available revolving credit facility   319,000,000      
Loans outstanding   $ 275,000,000      
Commitment fee percentage   0.25%      
Amount outstanding   $ 275,000,000      
Achieved senior secured leverage ratio   0.56      
New Revolving Credit Facility | Letter of Credit          
Debt Instrument [Line Items]          
Credit facility, commitments amount   $ 75,000,000      
Available revolving credit facility   $ 6,000,000      
New Revolving Credit Facility | LIBOR          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.44%      
New Revolving Credit Facility | LIBOR | First Lien Net Leverage Ratio is Above 4.00x          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.75%      
New Revolving Credit Facility | LIBOR | First Lien Net Leverage Ratio is Equal to or Less Than 4.00x and above 3.50x          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.50%      
New Revolving Credit Facility | LIBOR | First Lien Net Leverage Ratio is Equal to or Below 3.50x          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.25%      
New Revolving Credit Facility | Base Rate | First Lien Net Leverage Ratio is Above 4.00x          
Debt Instrument [Line Items]          
Applicable margin over base rate   0.75%      
New Revolving Credit Facility | Base Rate | First Lien Net Leverage Ratio is Equal to or Less Than 4.00x and above 3.50x          
Debt Instrument [Line Items]          
Applicable margin over base rate   0.50%      
New Revolving Credit Facility | Base Rate | First Lien Net Leverage Ratio is Equal to or Below 3.50x          
Debt Instrument [Line Items]          
Applicable margin over base rate   0.25%      
New Revolving Credit Facility | Minimum | First Lien Net Leverage Ratio is Above 4.00x          
Debt Instrument [Line Items]          
Net leverage ratio   4.00      
New Senior Secured Credit Facility          
Debt Instrument [Line Items]          
Debt instrument, due date   2022      
Debt instrument extended, due date   2026      
Deferred financing fees         $ 5,000,000
Debt issuance expense     $ 1,000,000    
Required senior secured leverage ratio   5.50      
Net leverage ratio   4.00      
New Senior Secured Credit Facility | Minimum | First Lien Net Leverage Ratio is Equal to or Less Than 4.00x and above 3.50x          
Debt Instrument [Line Items]          
Net leverage ratio   3.50      
New Senior Secured Credit Facility | Maximum | First Lien Net Leverage Ratio is Equal to or Less Than 4.00x and above 3.50x          
Debt Instrument [Line Items]          
Net leverage ratio   4.00      
New Senior Secured Credit Facility | Maximum | First Lien Net Leverage Ratio is Equal to or Below 3.50x          
Debt Instrument [Line Items]          
Net leverage ratio   3.50      
Prior Senior Secured Credit Facility          
Debt Instrument [Line Items]          
Deferred financing fees     $ 5,000,000    
New Term Loan          
Debt Instrument [Line Items]          
Applicable margin over base rate 0.25%        
Debt instrument effective interest rate   1.94%      
Debt instrument, maturity month and year   2026-03      
Principal payments on term loans   $ 2,000,000      
New Term Loan | LIBOR          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.00%      
New Term Loan | Base Rate          
Debt Instrument [Line Items]          
Applicable margin over base rate   0.50%      
New Term Loan | Minimum | LIBOR          
Debt Instrument [Line Items]          
Applicable margin over base rate   1.75%      
New Term Loan | Minimum | Base Rate          
Debt Instrument [Line Items]          
Applicable margin over base rate   0.75%      
Floor rate   1.00%