Long-Term Debt Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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

	June 30, 2020			December 31, 2019
Term A Loan	$	1,179.7		$	1,203.1
Revolving Credit Facility	—			310.0
Other	24.7			41.7
Total long-term debt principal	1,204.4			1,554.8
Less: current portion of long-term debt	(80.0		)	(79.1		)
Long-term debt before debt issuance costs and discount	1,124.4			1,475.7
Less: debt issuance costs and discount	(8.6		)	(10.6		)
Long-term debt, net of current portion	$	1,115.8		$	1,465.1

Schedule of Maturities of Long-term Debt

As of June 30, 2020, principal maturities, including payments related to our finance leases, are as follows (in millions):

2020 (remaining)	$	39.7
2021	72.3
2022	111.7
2023	980.7
Total	$	1,204.4

Schedule of Derivative Instruments

As of June 30, 2020, we had the following interest rate swap agreements (collectively, the "Swap Agreements") (in millions):

Effective dates	Notional amount		Fixed rates
March 31, 2017 through March 31, 2022	$	200.0	2.08%
September 29, 2017 through September 30, 2021	$	200.0	1.69%
April 30, 2018 through April 30, 2023	$	250.0	2.61%
January 31, 2019 through January 31, 2023	$	300.0	2.65%

Under the terms of the Swap Agreements, we receive payments based on the 1-month London Interbank Offered Rate ("LIBOR") (approximately 0.18% as of June 30, 2020).

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

Balance sheet accounts	June 30, 2020		December 31, 2019
Other non-current liabilities	$	48.4	$	21.9

A cumulative loss of $48.4 million ($36.2 million net of tax) and cumulative loss of $21.9 million ($16.4 million net of tax) is reflected in Accumulated other comprehensive loss as of June 30, 2020 and December 31, 2019, respectively. Below is a summary of the effect of derivative instruments on amounts recognized in Other comprehensive (loss) earnings ("OCE") on the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Earnings (Unaudited) (in millions):

	Three months ended June 30,
	2020					2019
	Amount of loss recognized in OCE			Amount of loss reclassified from Accumulated OCE into Net earnings		Amount of loss recognized in OCE			Amount of gain reclassified from Accumulated OCE into Net earnings
Swap agreements	$	(2.6	)	$	3.2	$	(11.8	)	$	(0.3	)

	Six months ended June 30,
	2020					2019
	Amount of loss recognized in OCE			Amount of loss reclassified from Accumulated OCE into Net earnings		Amount of loss recognized in OCE			Amount of gain reclassified from Accumulated OCE into Net earnings
Swap agreements	$	(24.2	)	$	4.4	$	(18.0	)	$	(1.0	)