Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Components

Long-term debt at December 31, 2020 and 2019 consists of the following components:

	2020		2019
	(In millions)
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I	$	698.3	$	700.0
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	598.5		600.0
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.42% at December 31, 2020	220.0		—
Debt issuance costs	(11.8)		(11.8)
Long-term debt, net of debt issuance costs	1,505.0		1,288.2
Current portion of long-term debt	(13.0)		—
Long-term debt	$	1,492.0	$	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 greater than 5.25x and the Revolver is not extended beyond the 2019 Class A-1 Anticipated Repayment Date, are as follows:

	(In millions)
2021	$	13.0
2022	13.0
2023	13.0
2024	903.3
2025	6.0
Thereafter	568.5
Total	$	1,516.8