Long-term Debt (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2022		December 31, 2021
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	550.0		—
Amended Term Loan B Facility due 2029	1,000.0		—
Term Loan A Facility due 2023	—		583.8
Term Loan B-1 Facility due 2025	—		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	150.1		146.3
	2,830.6		2,840.5
Less: Current maturities of long-term debt	(55.8)		(99.5)
Less: Debt discount	(4.9)		(73.1)
Less: Debt issuance costs	(39.5)		(30.6)
	$	2,730.4	$	2,637.3

Schedule of Maturities of Long-term Debt

The following is a schedule of future minimum repayments of long-term debt as of June 30, 2022 (in millions):

Years ending December 31:
2022 (excluding the six months ended June 30, 2022)	$	27.4
2023	56.2
2024	47.6
2025	38.2
2026	472.0
Thereafter	2,189.2
Total minimum payments	$	2,830.6

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	June 30, 2022		December 31, 2021
Liability component:
Principal	$	330.5	$	330.5
Unamortized debt discount	—		(71.7)
Unamortized debt issuance costs	(7.0)		(5.3)
Net carrying amount	$	323.5	$	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 June 30,				For the six months ended June 30,
(in millions)	2022		2021		2022		2021
Interest expense	$	(195.3)	$	(139.1)	$	(356.9)	$	(275.7)
Interest income	1.3		0.2		1.8		0.4
Capitalized interest	0.4		0.9		0.7		1.6
Interest expense, net	$	(193.6)	$	(138.0)	$	(354.4)	$	(273.7)

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

	For the three months ended June 30,				For the six months ended June 30,
(in millions)	2022		2021		2022		2021
Coupon interest	$	2.2	$	2.2	$	4.5	$	4.5
Amortization of debt discount	—		3.1		—		6.2
Amortization of debt issuance costs	0.4		0.3		0.8		0.5
Convertible Notes interest expense	$	2.6	$	5.6	$	5.3	$	11.2