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Debt (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:

	September 30, 2018						December 31, 2017
(in millions, except percentages)	Amount				Rate		Amount				Rate		Maturity Date
2016 Credit Agreement
Term A Facility	$	532.5			(1)		$	555.0			(2)		April 6, 2021
Revolver	—				(1)		—				(2)		April 6, 2021
2026 Senior Notes	600.0				5.500%		600.0				5.500%		June 15, 2026
2023 Senior Notes	450.0				5.625%		450.0				5.625%		October 15, 2023
Securitized debt	13.7				(3)		49.0				(3)		April 12, 2019
Capital lease obligations (4)	68.0						71.8						Various
Other	32.9						36.7						Various
Total debt	1,697.1						1,762.5
Less: deferred financing costs	(8.1		)				(9.4		)
Total debt, net	1,689.0						1,753.1
Less: current portion	(73.0		)				(72.4		)
Total long-term debt, net	$	1,616.0					$	1,680.7

(1)	Interest at LIBOR plus applicable margin of 2.00% as of September 30, 2018
(2)	Interest at LIBOR plus applicable margin of 1.75% as of December 31, 2017.
(3)	Interest at one month LIBOR index plus 80 basis points.
(4)	Capital lease obligations are a non-cash financing activity.

Fair value of financial instruments

The fair values of these material financial instruments are as follows:

		Fair Value
(in millions)		September 30, 2018				December 31, 2017
2023 Senior Notes		$	449.3			$	470.9
2026 Senior Notes		576.9				618.1

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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