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Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Carrying Value of Long-Term Debt

												As of December 31, 2022												As of December 31, 2021
						Maturity Date						Interest Rate						Amount						Interest Rate						Amount
Credit Facility
Senior unsecured revolving loan facility						December 2026						Variable						$	72.5					Variable						$	316.4
Term Loans
Senior unsecured term loan facility						December 2026						Variable						784.5						Variable						1,420.0
Unsecured Senior Notes
Senior notes due 2024						December 2024						5.500		%				575.0						5.500		%				575.0
Senior notes due 2025						May 2025						4.125		%				600.0						4.125		%				600.0
Senior notes due 2028						April 2028						4.250		%				600.0						4.250		%				600.0
Senior notes due 2029						February 2029						3.250		%				700.0						3.250		%				700.0
Senior notes due 2026						December 2026						2.670		%				1,000.0						2.670		%				1,000.0
Senior notes due 2028						December 2028						3.276		%				500.0						3.276		%				500.0
Senior notes due 2031						December 2031						3.569		%				1,000.0						3.569		%				1,000.0
Total unsecured senior notes																		4,975.0												4,975.0
Receivable financing liability																		115.4												179.50
Other long-term obligations																		11.6												13.6
Unamortized discounts and deferred financing fees																		(36.3)												(46.0)
Current maturities of long-term debt																		(56.3)												(102.7)
Total long-term debt																		$	5,866.4											$	6,755.8

Schedule of Long-term Debt Maturities

A summary of total debt maturities is as follows:

Years ending December 31,						Debt Maturities
2023						$	56.3
2024						621.5
2025						623.3
2026						1,857.9
2027						—
Thereafter						2,800.0
Total debt maturities						$	5,959.0

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The approximate fair values and related carrying values of the Company’s long-term debt, including current maturities and excluding unamortized discount and unamortized deferred financing costs, were as follows:

						December 31,
						2022						2021
Fair value						$	5,412.6					$	6,996.0
Carrying value						5,959.0						6,904.5

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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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