Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023		December 31, 2022
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	522.5		536.2
Amended Term Loan B Facility due 2029	990.0		995.0
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	172.2		156.1
	2,815.2		2,817.8
Less: Current maturities of long-term debt	(56.2)		(56.2)
Less: Debt discounts	(4.2)		(4.6)
Less: Debt issuance costs	(32.0)		(35.7)
	$	2,722.8	$	2,721.3

Schedule of Maturities of Long-term Debt

The following is a schedule of future minimum repayments of long-term debt as of June 30, 2023 (in millions):

Years ending December 31:
2023 (excluding the six months ended June 30, 2023)	$	36.8
2024	47.6
2025	38.2
2026	503.6
2027	837.0
Thereafter	1,352.0
Total minimum payments	$	2,815.2

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	June 30, 2023		December 31, 2022
Liability:
Principal	$	330.5	$	330.5
Unamortized debt issuance costs	(5.3)		(6.2)
Net carrying amount	$	325.2	$	324.3

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)	2023		2022		2023		2022
Interest expense	$	117.1	$	195.4	$	230.9	$	356.9
Capitalized interest	(1.5)		(0.4)		(2.3)		(0.7)
Interest expense, net	$	115.6	$	195.0	$	228.6	$	356.2

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)	2023		2022		2023		2022
Coupon interest	$	2.2	$	2.2	$	4.5	$	4.5
Amortization of debt issuance costs	0.4		0.4		0.9		0.8
Convertible Notes interest expense	$	2.6	$	2.6	$	5.4	$	5.3