Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt, Net of Current Maturities, Debt Discounts and Issuance Costs

The table below presents long-term debt, net of current maturities, debt discounts and issuance costs:

(in millions)	September 30, 2021		December 31, 2020
Senior Secured Credit Facilities:
Revolving Credit Facility due 2023	$	—	$	—
Term Loan A Facility due 2023	597.1		636.9
Term Loan B-1 Facility due 2025	982.7		991.2
5.625% Notes due 2027	400.0		400.0
4.125% Notes due 2029	400.0		—
2.75% Convertible Notes due 2026	330.5		330.5
Other long-term obligations	148.8		73.0
	2,859.1		2,431.6
Less: Current maturities of long-term debt	(95.1)		(81.4)
Less: Debt discount	(76.5)		(86.2)
Less: Debt issuance costs	(33.1)		(32.8)
	$	2,654.4	$	2,231.2

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	September 30, 2021		December 31, 2020
Liability component:
Principal	$	330.5	$	330.5
Unamortized debt discount	(75.0)		(84.4)
Unamortized debt issuance costs	(5.5)		(6.2)
Net carrying amount	$	250.0	$	239.9
Carrying amount of equity component	$	88.2	$	88.2

Schedule of Interest Expense, Net

The table below presents interest expense, net:

	For the three months ended September 30,				For the nine months ended September 30,
(in millions)	2021		2020		2021		2020
Interest expense	$	(146.1)	$	(143.3)	$	(421.8)	$	(409.4)
Interest income	0.3		0.3		0.7		0.7
Capitalized interest	0.9		0.7		2.5		1.6
Interest expense, net	$	(144.9)	$	(142.3)	$	(418.6)	$	(407.1)

The table below presents interest expense related to the Convertible Notes:

	For the three months ended September 30,				For the nine months ended September 30,
(in millions)	2021		2020		2021		2020
Coupon interest	$	2.3	$	2.3	$	6.8	$	3.5
Amortization of debt discount	3.2		2.9		9.4		4.3
Amortization of debt issuance costs	0.2		0.2		0.7		0.3
Convertible Notes interest expense	$	5.7	$	5.4	$	16.9	$	8.1