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Debt (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Component of Debt | At June 30, 2024 and December 31, 2023, debt consisted of the following (in millions):
|  | June 30, |  |  | December 31, |  |
|  | 2024 |  |  | 2023 |  |
Senior secured credit facilities, weighted-average interest rate of 7.34% and 7.35%, respectively |  | $ | 3,900.0 |  |  | $ | 4,755.1 |  |
5.5% senior notes due 2027 |  |  | 2,000.0 |  |  |  | 2,000.0 |  |
6.5% senior notes due 2032 |  |  | 750.0 |  |  |  | — |  |
Unamortized original issue discount and debt issuance costs |  |  | (35.9 | ) |  |  | (35.1 | ) |
|  |  | 6,614.1 |  |  |  | 6,720.0 |  |
Less: current portion of long-term debt |  |  | 39.0 |  |  |  | 51.5 |  |
Long-term debt |  | $ | 6,575.1 |  |  | $ | 6,668.5 |  |
Schedule of the key terms of our Senior Secured Credit Facilities and Senior Notes | The table below provides a summary of the key terms of our Senior Secured Credit Facilities and Senior Notes:
|  | Amount Outstanding at June 30, 2024 |  |  | Maturity |  | Scheduled Quarterly
|  | (in millions) |  |  | Date |  | Payments Required
Senior Secured Credit Facilities |  |  |  |  |  |  |
Term Loan B-8 |  | $ | 3,900.0 |  |  | May 9, 2031 |  | 0.25%
Revolving Credit Facility |  |  | — |  |  | December 28, 2027 |  | None
5.5% Senior Notes |  |  | 2,000.0 |  |  | September 30, 2027 |  | None
6.5% Senior Notes |  |  | 750.0 |  |  | June 1, 2032 |  | None
Schedule of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of financial instruments are as follows (in millions):
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
|  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Senior secured credit facilities |  | $ | 3,873.8 |  |  | $ | 3,915.8 |  |  | $ | 4,722.7 |  |  | $ | 4,774.4 |
5.5% senior notes due 2027 |  |  | 1,997.7 |  |  |  | 1,972.1 |  |  |  | 1,997.3 |  |  |  | 1,974.0 |
6.5% senior notes due 2032 |  |  | 742.6 |  |  |  | 757.6 |  |  |  | — |  |  |  | — |

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