Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt, Net of Current Maturities

Long-term debt, net of current maturities, was as follows:

(in millions)	June 30, 2020		December 31, 2019
Senior Secured Credit Facilities:
Revolving Credit Facility due 2023	$	670.0	$	140.0
Term Loan A Facility due 2023	654.6		672.3
Term Loan B-1 Facility due 2025	1,111.8		1,117.5
5.625% Notes due 2027	400.0		400.0
2.75% Convertible Notes due 2026	330.5		—
Other long-term obligations	80.8		89.2
	3,247.7		2,419.0
Less: Current maturities of long-term debt	(72.1)		(62.9)
Less: Debt discount	(92.6)		(2.4)
Less: Debt issuance costs	(38.2)		(31.5)
	$	3,044.8	$	2,322.2

Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	June 30, 2020
Liability component:
Principal	$	330.5
Unamortized debt discount	(90.4)
Unamortized debt issuance costs	(6.5)
Net carrying amount	$	233.6
Carrying amount of equity component	$	88.2

Schedule of Interest Expense, Net

Interest expense, net, was as follows:

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2020		2019		2020		2019
Interest expense	$	(135.7)	$	(135.0)	$	(266.1)	$	(267.6)
Interest income	0.2		0.3		0.4		0.6
Capitalized interest	0.5		—		0.9		—
Interest expense, net	$	(135.0)	$	(134.7)	$	(264.8)	$	(267.0)

Interest expense related to the Convertible Notes was as follows:

	For the three and six months ended June 30, 2020
(in millions)
Coupon interest	$	1.2
Amortization of debt discount	1.4
Amortization of debt issuance costs	0.1
Convertible Notes interest expense	$	2.7