Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Total Debt Outstanding

The following table presents our total debt outstanding:

	December 31, 2022
(in millions)	Outstanding Principal		Issuance Costs and Fees		Long-Term Debt, Net
Term Loan B due 2024	$	380.0	$	1.6	$	378.4
Term Loan B-1 due 2028	294.7		3.1		291.6
Term Loan A due 2027	800.0		5.5		794.5
Revolver	664.1		—		664.1
2027 Senior Notes	600.0		4.7		595.3
2028 Senior Notes	700.0		1.6		698.4
2030 Senior Notes	1,200.0		16.6		1,183.4
Total debt	4,638.8		33.1		4,605.7
Current maturities of long-term debt	47.0		—		47.0
Total debt, net of current maturities	$	4,591.8	$	33.1	$	4,558.7

	December 31, 2021
(in millions)	Outstanding Principal		Issuance Costs and Fees		Long-Term Debt, Net
Term Loan B due 2024	$	384.0	$	2.4	$	381.6
Term Loan B-1 due 2028	297.8		3.8		294.0
2027 Senior Notes	600.0		5.7		594.3
2028 Senior Notes	700.0		1.9		698.1
Total debt	1,981.8		13.8		1,968.0
Current maturities of long-term debt	7.0		—		7.0
Total debt, net of current maturities	$	1,974.8	$	13.8	$	1,961.0

Schedule of Future Aggregate Maturities of Total Debt

Future aggregate maturities of total debt are as follows (in millions):

 

Years Ended December 31,
2023	$	47.0
2024	419.0
2025	43.0
2026	43.0
2027	1,907.0
Thereafter	2,179.8
Total	$	4,638.8

Interest Coverage Ratio and Net Leverage Ratio

	Actual as of December 31, 2022	Requirement
Interest coverage ratio	6.6 to 1.0	> 2.5 to 1.0
Consolidated total secured net leverage ratio	0.9 to 1.0	< 4.0 to 1.0