XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Long Term Debt | Debt for the Company consists of the following:
| September 30, 2021 |  | December 31, 2020 |  |
(in millions, except percentages) | Amount |  | Rate |  | Amount |  | Rate |  | Maturity Date
2019 Credit Agreement: |  |  |  |  |  |  |  |  |
Term A Facility | $ | 684.1 |  |  | (1) |  | $ | 409.1 |  |  | (2) |  | October 16, 2024
Revolver | — |  |  | (1) |  | — |  |  | (2) |  | October 16, 2024
2031 Senior Notes | 800.0 |  |  | 3.875% |  | — |  |  | N/A |  | October 15, 2031
2029 Senior Notes | 800.0 |  |  | 4.000% |  | — |  |  | N/A |  | April 15, 2029
2026 Senior Notes | — |  |  | N/A |  | 600.0 |  |  | 5.500% |  | June 15, 2026
2023 Senior Notes | — |  |  | N/A |  | 250.0 |  |  | 5.625% |  | October 15, 2023
Securitized debt | — |  |  | (3) |  | 33.9 |  |  | (4) |  | April 6, 2023
Finance lease obligations (5) | 74.5 |  |  |  |  | 71.4 |  |  |  |  | Various
Other | 3.1 |  |  |  |  | 5.9 |  |  |  |  | Various
Total debt | 2,361.7 |  |  |  |  | 1,370.3 |  |  |  |  |
Less: Deferred financing costs | 22.9 |  |  |  |  | 3.4 |  |  |  |  |
Total debt, net | 2,338.8 |  |  |  |  | 1,366.9 |  |  |  |  |
Less: Current portion | 53.0 |  |  |  |  | 43.9 |  |  |  |  |
Total long-term debt, net | $ | 2,285.8 |  |  |  |  | $ | 1,323.0 |  |  |  |  |
(1) | Interest at LIBOR plus applicable margin of 1.250% as of September 30, 2021.
(2) | Interest at LIBOR plus applicable margin of 1.250% as of December 31, 2020.
(3) | Interest at one month LIBOR index plus 70 basis points.
(4) | Interest at one month LIBOR index plus 80 basis points.
(5) | New 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) |  | September 30, 2021 |  | December 31, 2020
2023 Senior Notes |  | $ | — |  |  | $ | 255.1 |
2026 Senior Notes |  | — |  |  | 625.4 |
2029 Senior Notes |  | 825.4 |  |  | — |
2031 Senior Notes |  | 803.0 |  |  | — |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration