Long-term Debt (Tables)

6 Months Ended

Jun. 30, 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)	June 30, 2024		December 31, 2023
Senior Secured Credit Facilities:
Amended Revolving Credit Facility due 2027	$	—	$	—
Amended Term Loan A Facility due 2027	495.0		508.8
Amended Term Loan B Facility due 2029	980.0		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	185.4		173.5
	2,790.9		2,797.8
Less: Current maturities of long-term debt	(38.2)		(47.6)
Less: Debt discounts	(3.6)		(3.9)
Less: Debt issuance costs	(26.9)		(28.3)
	$	2,722.2	$	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 June 30, 2024 (in millions):

Years ending December 31:
2024 (excluding the six months ended June 30, 2024)	$	18.8
2025	38.2
2026	544.7
2027	837.0
2028	10.8
Thereafter	1,341.4
Total minimum payments	$	2,790.9

Schedule Convertible Notes

The Convertible Notes consisted of the following components:

(in millions)	June 30, 2024		December 31, 2023
Liability:
Principal	$	330.5	$	330.5
Unamortized debt issuance costs	(3.5)		(4.4)
Net carrying amount	$	327.0	$	326.1

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)	2024		2023		2024		2023
Interest expense	$	122.3	$	117.1	$	242.9	$	230.9
Capitalized interest	(2.9)		(1.5)		(4.4)		(2.3)
Interest expense, net	$	119.4	$	115.6	$	238.5	$	228.6

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)	2024		2023		2024		2023
Coupon interest	$	2.2	$	2.2	$	4.5	$	4.5
Amortization of debt issuance costs	0.5		0.4		0.9		0.9
Convertible Notes interest expense	$	2.7	$	2.6	$	5.4	$	5.4