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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Carrying Amount and Fair Value of Long-Term Debt Instruments | Long-term debt is as follows:
|  | MARCH 31, 2021 |  |  | DECEMBER 31, 2020
|  | DEBT (INCLUSIVE OF DISCOUNT) |  | UNAMORTIZED DEFERRED FINANCING COSTS |  | CARRYING AMOUNT |  | FAIR VALUE |  |  | DEBT (INCLUSIVE OF DISCOUNT) |  | UNAMORTIZED DEFERRED FINANCING COSTS |  | CARRYING AMOUNT |  | FAIR VALUE
Revolving Credit Facility(1) |  | $ | 60,000 |  |  | $ | (7,758) |  |  | $ | 52,242 |  |  | $ | 60,000 |  |  |  | $ | — |  |  | $ | (8,620) |  |  | $ | (8,620) |  |  | $ | — |
Term Loan A(1) |  | 212,500 |  |  | — |  |  | 212,500 |  |  | 212,500 |  |  |  | 215,625 |  |  | — |  |  | 215,625 |  |  | 215,625 |
Term Loan B |  | 677,927 |  |  | (5,932) |  |  | 671,995 |  |  | 679,000 |  |  |  | 679,621 |  |  | (6,244) |  |  | 673,377 |  |  | 680,750 |
Australian Dollar Term Loan (the “AUD Term Loan”) |  | 238,433 |  |  | (1,374) |  |  | 237,059 |  |  | 239,162 |  |  |  | 243,152 |  |  | (1,624) |  |  | 241,528 |  |  | 244,014 |
UK Bilateral Revolving Credit Facility (the “UK Bilateral Facility”) |  | 192,732 |  |  | (1,147) |  |  | 191,585 |  |  | 192,732 |  |  |  | 191,101 |  |  | (1,307) |  |  | 189,794 |  |  | 191,101 |
3 7/8% GBP Senior Notes due 2025 (the “GBP Notes”) |  | 550,662 |  |  | (4,765) |  |  | 545,897 |  |  | 556,180 |  |  |  | 546,003 |  |  | (4,983) |  |  | 541,020 |  |  | 553,101 |
4 7/8% Senior Notes due 2027 (the “4 7/8% Notes due 2027”)(2) |  | 1,000,000 |  |  | (9,243) |  |  | 990,757 |  |  | 1,025,000 |  |  |  | 1,000,000 |  |  | (9,598) |  |  | 990,402 |  |  | 1,046,250 |
5 1/4% Senior Notes due 2028 (the “5 1/4% Notes due 2028”)(2) |  | 825,000 |  |  | (8,266) |  |  | 816,734 |  |  | 856,969 |  |  |  | 825,000 |  |  | (8,561) |  |  | 816,439 |  |  | 868,313 |
5% Senior Notes due 2028 (the “5% Notes”)(2) |  | 500,000 |  |  | (5,306) |  |  | 494,694 |  |  | 511,250 |  |  |  | 500,000 |  |  | (5,486) |  |  | 494,514 |  |  | 523,125 |
4 7/8% Senior Notes due 2029 (the “4 7/8% Notes due 2029”)(2) |  | 1,000,000 |  |  | (12,296) |  |  | 987,704 |  |  | 1,011,250 |  |  |  | 1,000,000 |  |  | (12,658) |  |  | 987,342 |  |  | 1,050,000 |
5 1/4% Senior Notes due 2030 (the “5 1/4 Notes due 2030”)(2) |  | 1,300,000 |  |  | (14,040) |  |  | 1,285,960 |  |  | 1,335,750 |  |  |  | 1,300,000 |  |  | (14,416) |  |  | 1,285,584 |  |  | 1,400,750 |
4 1/2% Senior Notes due 2031 (the “4 1/2% Notes”)(2) |  | 1,100,000 |  |  | (12,337) |  |  | 1,087,663 |  |  | 1,080,750 |  |  |  | 1,100,000 |  |  | (12,648) |  |  | 1,087,352 |  |  | 1,138,500 |
5 5/8% Senior Notes due 2032 (the “5 5/8% Notes”)(2) |  | 600,000 |  |  | (6,582) |  |  | 593,418 |  |  | 625,500 |  |  |  | 600,000 |  |  | (6,727) |  |  | 593,273 |  |  | 660,000 |
Real Estate Mortgages, Financing Lease Liabilities and Other |  | 492,256 |  |  | (1,003) |  |  | 491,253 |  |  | 492,256 |  |  |  | 511,922 |  |  | (1,086) |  |  | 510,836 |  |  | 511,922 |
Accounts Receivable Securitization Program(3) |  | 257,000 |  |  | (135) |  |  | 256,865 |  |  | 257,000 |  |  |  | 85,000 |  |  | (152) |  |  | 84,848 |  |  | 85,000 |
Total Long-term Debt |  | 9,006,510 |  |  | (90,184) |  |  | 8,916,326 |  |  |  |  |  | 8,797,424 |  |  | (94,110) |  |  | 8,703,314 |  |  |
Less Current Portion |  | (363,911) |  |  | — |  |  | (363,911) |  |  |  |  |  | (193,759) |  |  | — |  |  | (193,759) |  |  |
Long-term Debt, Net of Current Portion |  | $ | 8,642,599 |  |  | $ | (90,184) |  |  | $ | 8,552,415 |  |  |  |  |  | $ | 8,603,665 |  |  | $ | (94,110) |  |  | $ | 8,509,555 |  |  |
(1)Collectively, the “Credit Agreement”. The Credit Agreement consists of a revolving credit facility (the “Revolving Credit Facility”) and a term loan (the “Term Loan A”). The Credit Agreement is scheduled to mature on June 3, 2023. All of the outstanding borrowings under the Revolving Credit Facility as of March 31, 2021 were denominated in United States dollars. In addition, we also had various outstanding letters of credit totaling $3,219. The remaining amount available for borrowing under the Revolving Credit Facility as of March 31, 2021 was $1,686,781 (which amount represents the maximum availability as of such date). The average interest rate in effect under the Credit Agreement was 1.9% as of March 31, 2021 and December 31, 2020. (2)Collectively, the “Parent Notes”. (3)The full amount outstanding under the Accounts Receivable Securitization Program is classified within the current portion of long-term debt in our Condensed Consolidated Balance Sheets as of March 31, 2021 and December 31, 2020.
Schedule of Net Cash Position in Cash Pool Agreements | The approximate amount of the net cash position for the QRS Cash Pool and the TRS Cash Pool and the approximate amount of the gross position and outstanding debit balances for each of these pools as of March 31, 2021 and December 31, 2020 are as follows:
| MARCH 31, 2021 |  | DECEMBER 31, 2020
| GROSS CASH POSITION |  | OUTSTANDING DEBIT BALANCES |  | NET CASH POSITION |  | GROSS CASH POSITION |  | OUTSTANDING DEBIT BALANCES |  | NET CASH POSITION
QRS Cash Pool | $ | 567,300 |  |  | $ | (566,700) |  |  | $ | 600 |  |  | $ | 448,700 |  |  | $ | (447,400) |  |  | $ | 1,300 |
TRS Cash Pool | 512,700 |  |  | (510,200) |  |  | 2,500 |  |  | 555,500 |  |  | (553,500) |  |  | 2,000 |

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