Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

At March 31, 2020 and December 31, 2019, long-term debt consisted of the following:

	March 31, 2020			December 31, 2019
	(In millions)
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I	$	700.0		$	700.0
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	600.0			600.0
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 3.39% at March 31, 2020	220.0			—
Debt issuance costs	(13.8		)	(11.8		)
Long-term debt, net of debt issuance costs	1,506.2			1,288.2
Current portion of long-term debt	—			—
Long-term debt	$	1,506.2		$	1,288.2

Schedule of Maturities of Long-term Debt

Face-value maturities of long-term debt for each of the next five years, assuming the Company's leverage ratio remains less than 5.25x, are as follows:

	(In millions)
2020 (remaining nine months)	$	—
2021	—
2022	—
2023	—
2024	920.0
Thereafter	600.0
Total	$	1,520.0