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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateJune 30, 2021December 31, 2020
2024 Term Loans (effective interest rate of 2.3% at June 30, 2021 and 2.8% at December 31, 2020)
February 15, 2024$1,794.9 $1,807.4 
2027 Term Loans (effective interest rate of 2.5% at June 30, 2021 and 3.0% at December 31, 2020)
August 10, 2027742.5 746.2 
2027 Senior Notes (effective interest rate of 5.4% at June 30, 2021 and December 31, 2020)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.6% at June 30, 2021)
March 1, 2029800.0 — 
Revolver
February 15, 2024— — 
Total3,937.4 3,153.6 
Less: unamortized original issue discount and debt issuance costs(1)
(44.0)(39.2)
Less: current portion of long-term debt(24.1)(24.3)
$3,869.3 $3,090.1 
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(1)Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Estimated Fair Values of Long-Term Debt Instruments The estimated fair values of our long-term debt instruments are based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of June 30, 2021:
2024 Term Loans$1,782.6 
2027 Term Loans$738.3 
2027 Senior Notes$631.4 
2029 Senior Notes$797.4 
Aggregate Principal Payments Due on Long-Term Debt Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of June 30, 2021 are as follows:
Year Ending December 31:
2021 (remainder of)$16.3 
202232.5 
202332.5 
20241,740.0 
20257.5 
Thereafter2,108.6 
$3,937.4