Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024		December 31, 2023
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	501.9		508.8
Amended Term Loan B Facility due 2029	982.5		985.0
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	183.4		173.5
	2,798.3		2,797.8
Less: Current maturities of long-term debt	(47.6)		(47.6)
Less: Debt discounts	(3.7)		(3.9)
Less: Debt issuance costs	(28.9)		(28.3)
	$	2,718.1	$	2,718.0

Schedule of Maturities of Long-term Debt

The following is a schedule of future minimum repayments of long-term debt as of March 31, 2024 (in millions):

Years ending December 31:
2024 (excluding the three months ended March 31, 2024)	$	37.4
2025	38.2
2026	533.5
2027	837.0
2028	10.8
Thereafter	1,341.4
Total minimum payments	$	2,798.3

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	March 31, 2024		December 31, 2023
Liability:
Principal	$	330.5	$	330.5
Unamortized debt issuance costs	(4.0)		(4.4)
Net carrying amount	$	326.5	$	326.1

Schedule of Interest Expense, Net

The table below presents interest expense, net:

	For the three months ended March 31,
(in millions)	2024		2023
Interest expense	$	120.6	$	113.8
Capitalized interest	(1.5)		(0.8)
Interest expense, net	$	119.1	$	113.0

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

	For the three months ended March 31,
(in millions)	2024		2023
Coupon interest	$	2.3	$	2.3
Amortization of debt issuance costs	0.4		0.5
Convertible Notes interest expense	$	2.7	$	2.8