Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2022

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)	March 31, 2022		December 31, 2021
Senior Secured Credit Facilities:
Revolving Credit Facility due 2023	$	—	$	—
Term Loan A Facility due 2023	566.1		583.8
Term Loan B-1 Facility due 2025	977.1		979.9
5.625% Notes due 2027	400.0		400.0
4.125% Notes due 2029	400.0		400.0
2.75% Convertible Notes due 2026	330.5		330.5
Other long-term obligations	151.9		146.3
	2,825.6		2,840.5
Less: Current maturities of long-term debt	(99.5)		(99.5)
Less: Debt discount	(1.4)		(73.1)
Less: Debt issuance costs	(30.4)		(30.6)
	$	2,694.3	$	2,637.3

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	March 31, 2022		December 31, 2021
Liability component:
Principal	$	330.5	$	330.5
Unamortized debt discount	—		(71.7)
Unamortized debt issuance costs	(7.4)		(5.3)
Net carrying amount	$	323.1	$	253.5
Carrying amount of equity component	$	—	$	88.2

Schedule of Interest Expense, Net

The table below presents interest expense, net:

	For the three months ended March 31,
(in millions)	2022		2021
Interest expense	$	(161.6)	$	(136.6)
Interest income	0.5		0.2
Capitalized interest	0.3		0.7
Interest expense, net	$	(160.8)	$	(135.7)

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

	For the three months ended March 31,
(in millions)	2022		2021
Coupon interest	$	2.3	$	2.3
Amortization of debt discount	—		3.1
Amortization of debt issuance costs	0.4		0.2
Convertible Notes interest expense	$	2.7	$	5.6