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Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Borrowings Outstanding

Debt for the Company consists of the following:

(in millions)			December 31, 2020												December 31, 2019
Debt:			Amount						Rate						Amount						Rate						Maturity Date
2019 Credit Agreement:
Term A Facility			$	409.1					(1)						$	425.0					(2)						October 16, 2024
Revolver			—						(1)						—						(2)						October 16, 2024
2026 Senior Notes			600.0						5.500%						600.0						5.500%						June 15, 2026
2023 Senior Notes			250.0						5.625%						450.0						5.625%						October 15, 2023
Securitized debt			33.9						(3)						—						(3)						April 6, 2021
Finance lease obligations (4)			71.4												64.1												Various
Other			5.9												7.9												Various
Total debt			1,370.3												1,547.0
Less: Deferred financing costs			3.4												7.0
Total debt, net			1,366.9												1,540.0
Less: Current portion			43.9												37.4
Total long-term debt, net			$	1,323.0											$	1,502.6

(1)			Interest at LIBOR plus applicable margin of 1.250% as of December 31, 2020.
(2)			Interest at LIBOR plus applicable margin of 1.625% as of December 31, 2019.
(3)			Interest at one month LIBOR index plus 80 basis points.
(4)			Finance lease obligations are a non-cash financing activity. Refer to Note 6, "Leases."

Schedule of Estimated Fair Values of Debt Instruments

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

						Fair Value
(in millions)						December 31, 2020						December 31, 2019
2023 Senior Notes						$	255.1					$	464.2
2026 Senior Notes						625.4						634.9

Schedule of Maturities of Long-term Debt

As of December 31, 2020, the scheduled maturities of long-term debt outstanding, excluding finance lease obligations, for each of the next five years and thereafter are as follows:

(in millions)
2021						$	66.4
2022						21.3
2023						281.9
2024						329.3
2025						—
Thereafter						600.0
Total						$	1,298.9

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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-Section S99
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