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Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of long term debt

Debt for the Company consists of the following:

			June 30, 2020																		December 31, 2019
(in millions, except percentages)			Amount						Rate						Amount						Rate						Maturity Date
2019 Credit Agreement:
Term A Facility			$	414.4					(1)						$	425.0					(2)						October 16, 2024
364-Day Term Loan			200.0						(3)						—						(3)						May 12, 2021
Revolver			—						(1)						—						(2)						October 16, 2024
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			—						(4)						—						(4)						April 6, 2021
Finance lease obligations (5)			71.2												64.1												Various
Other			25.2												7.9												Various
Total debt			1,760.8												1,547.0
Less: Deferred financing costs			7.2												7.0
Total debt, net			1,753.6												1,540.0
Less: Current portion			256.4												37.4
Total long-term debt, net			$	1,497.2											$	1,502.6

(1)			Interest at LIBOR plus applicable margin of 1.375% as of June 30, 2020.
(2)			Interest at LIBOR plus applicable margin of 1.625% as of December 31, 2019.
(3)			Interest at base rate plus applicable margin of 1.375% per annum or a eurocurrency rate (subject to a 1.0% floor) plus applicable margin of 2.375% per annum.
(4)			Interest at one month LIBOR index plus 80 basis points.
(5)			Finance lease obligations are a non-cash financing activity. Refer to Note 6, "Leases".

Fair value of financial instruments

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

						Fair Value
(in millions)						June 30, 2020						December 31, 2019
2023 Senior Notes						$	457.5					$	464.2
2026 Senior Notes						614.2						634.9

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