XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments |
|  |  |  |  |  | March 31, 2024 |  | December 31, 2023
|  | Maturity Date |  | Interest Rate |  | Amount |  | Amount
Credit Facility |  |  |  |  |  |  |  |
Senior unsecured revolving loan facility |  | December 2026 |  | Variable |  | $ | — |  |  | $ | — |
Term Loan |  |  |  |  |  |  |  |
Senior unsecured term loan facility |  | December 2026 |  | Variable |  | 634.5 |  |  | 634.5 |
Unsecured Senior Notes |  |  |  |  |  |  |  |
Senior notes due 2024 |  | December 2024 |  | 5.500 | % |  | 575.0 |  |  | 575.0 |
Senior notes due 2025 |  | May 2025 |  | 4.125 | % |  | 600.0 |  |  | 600.0 |
Senior notes due 2026 |  | December 2026 |  | 2.670 | % |  | 1,000.0 |  |  | 1,000.0 |
Senior notes due 2028 |  | April 2028 |  | 4.250 | % |  | 600.0 |  |  | 600.0 |
Senior notes due 2028 |  | December 2028 |  | 3.276 | % |  | 500.0 |  |  | 500.0 |
Senior notes due 2029 |  | February 2029 |  | 3.250 | % |  | 700.0 |  |  | 700.0 |
Senior notes due 2031 |  | December 2031 |  | 3.569 | % |  | 1,000.0 |  |  | 1,000.0 |
Total unsecured senior notes |  |  |  |  |  | 4,975.0 |  |  | 4,975.0 |
Receivable financing liability |  |  |  |  |  | 43.3 |  |  | 56.9 |
Other long-term obligations |  |  |  |  |  | 5.9 |  |  | 6.9 |
Unamortized deferred financing fees |  |  |  |  |  | (26.4) |  |  | (28.4) |
Current maturities of long-term debt |  |  |  |  |  | (604.7) |  |  | (613.1) |
Total long-term debt |  |  |  |  |  | $ | 5,027.6 |  |  | $ | 5,031.8 |
Schedule of Carrying Value of Long-Term Debt | 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:
|  | March 31, 2024 |  | December 31, 2023
Fair value |  | $ | 5,320.4 |  |  | $ | 5,348.2 |
Carrying value |  | 5,658.7 |  |  | 5,673.3 |

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- Definition 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. + References No definition available. + Details
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