Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Summary of Short Term Financing

Short-term financing consisted of the following:

(in millions)	September 30, 2020		December 31, 2019
Amounts drawn under credit facilities	$	—	$	0.5
Bank overdrafts	0.4		0.2
Total short-term financing	$	0.4	$	0.7

Schedule of Long Term Debt

Long-term debt consisted of the following:

(in millions)	September 30, 2020		December 31, 2019
Senior Term Loan Facilities:
Term B-3 Loan due 2024, variable interest rate of 2.40% and 4.05% at September 30, 2020 and December 31, 2019, respectively	$	1,264.1	$	1,438.0
Term B-5 Loan due 2026, variable interest rate of 2.15% and 3.80% at September 30, 2020 and December 31, 2019, respectively	397.0		400.0
Asset Backed Loan (ABL) Facilities:
North American ABL Facility due 2024, variable interest rate of 2.00% and 5.25% at September 30, 2020 and December 31, 2019, respectively	337.9		200.0
Canadian ABL Term Loan due 2022, variable interest rate of 2.73% and 4.31% at September 30, 2020 and December 31, 2019, respectively	127.6		130.9
Senior Unsecured Notes:
Senior Unsecured Notes due 2027, fixed interest rate of 5.13% at September 30, 2020 and December 31, 2019	500.0		500.0
Finance lease obligations	82.8		71.2
Total long-term debt before discount	$	2,709.4	$	2,740.1
Less: unamortized debt issuance costs and discount on debt	(21.4)		(26.3)
Total long-term debt	$	2,688.0	$	2,713.8
Less: current maturities	(27.6)		(25.0)
Total long-term debt, excluding current maturities	$	2,660.4	$	2,688.8

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

Other Information

	September 30, 2020				December 31, 2019
(in millions)	Carrying amount		Fair value		Carrying amount		Fair value
Fair value of debt	$	2,688.0	$	2,702.6	$	2,713.8	$	2,770.7