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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						—

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