Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Long-Term Debt

Schedule of Long-term Debt

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

	September 30, 2022		December 31, 2021
Term A Loan	$	1,128.4	$	1,150.0
Revolving Credit Facility		565.6		256.0
Senior Notes		1,000.0		1,000.0
Other		5.0		8.9
Total long-term debt principal		2,699.0		2,414.9
Less: current portion of long-term debt		(33.6)		(32.5)
Long-term debt before debt issuance costs and discount		2,665.4		2,382.4
Less: debt issuance costs and discount		(16.8)		(19.8)
Long-term debt, net of current portion	$	2,648.6	$	2,362.6

Schedule of Maturities of Long-term Debt

As of September 30, 2022, principal maturities, including payments related to our finance leases, are as follows (in millions):

2022	$	7.2
2023		33.7
2024		57.5
2025		57.5
2026		1,543.1
Thereafter		1,000.0
Total	$	2,699.0

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

We enter into interest rate swap agreements to hedge forecasted monthly interest rate payments on our floating rate debt. As of September 30, 2022, we had the following interest rate swap agreements (collectively, the "Swap Agreements") (in millions):

Effective dates	Notional amount		Fixed rates
April 30, 2018 through April 30, 2023	$	250.0	2.61	%
January 31, 2019 through January 31, 2023	$	300.0	2.65	%

Effective dates	Notional amount		Fixed rate
March 31, 2017 through March 31, 2022	$	200.0	2.08	%

The estimated fair values of our Swap Agreements are as follows (in millions):

	September 30, 2022		December 31, 2021
Other current assets	$	3.4	$	—
Other current liabilities	$	—	$	1.0
Other non-current liabilities	$	—	$	13.9

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

	Three months ended September 30,
	2022				2021
			Amount of loss				Amount of loss
	Amount of gain		reclassified from		Amount of loss		reclassified from
	recognized		Accumulated OCE		recognized		Accumulated OCE
	in OCE		into Net earnings		in OCE		into Net earnings
Swap agreements	$	1.4	$	0.4	$	(0.2)	$	4.0

	Nine months ended September 30,
	2022				2021
			Amount of loss				Amount of loss
	Amount of gain		reclassified from		Amount of gain		reclassified from
	recognized		Accumulated OCE		recognized		Accumulated OCE
	in OCE		into Net earnings		in OCE		into Net earnings
Swap agreements	$	8.0	$	5.6	$	0.1	$	11.9