Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consists of the following (in millions):

	As of
	June 30, 2017			December 31, 2016
Term Loan Facility (due February 17, 2024)	$	6,421.0		$	5,046.1
2017 Senior Notes (due May 15, 2024)	1,500.0			—
2015 Senior Notes (due January 12, 2022)	1,250.0			1,250.0
2014 Senior Notes (due April 1, 2022)	2,250.0			2,250.0
Tim Hortons Notes (a)	5.0			40.6
Other	84.1			85.4
Less: unamortized deferred financing costs and deferred issue discount	(200.8		)	(187.1		)
Total debt, net	11,309.3			8,485.0
Less: current maturities of debt	(56.4		)	(74.8		)
Total long-term debt	$	11,252.9		$	8,410.2

(a) $35.6 million of Tim Hortons Notes were repaid on June 1, 2017, the original maturity date.

Schedule of Interest Expense, Net

Interest expense, net consists of the following (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Debt	$	118.9		$	103.5		$	218.9		$	204.7
Capital lease obligations	5.0			5.0			10.0			9.8
Amortization of deferred financing costs and debt issuance discount	8.2			9.6			16.7			19.3
Interest income	(4.1		)	(0.9		)	(6.2		)	(1.5		)
Interest expense, net	$	128.0		$	117.2		$	239.4		$	232.3