XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | Debt for the Company consists of the following:
| June 30, 2023 |  | December 31, 2022 |  |
(in millions, except percentages) | Amount |  | Rate |  | Amount |  | Rate |  | Maturity Date
2019 Credit Agreement: |  |  |  |  |  |  |  |  |
Term A Facility | $ | 611.6 |  |  | (1) |  | $ | 638.8 |  |  | (2) |  | October 16, 2024
Revolver | 282.0 |  |  | (1) |  | 337.0 |  |  | (2) |  | October 16, 2024
2031 Senior Notes | 800.0 |  |  | 3.875% |  | 800.0 |  |  | 3.875% |  | October 15, 2031
2029 Senior Notes | 800.0 |  |  | 4.000% |  | 800.0 |  |  | 4.000% |  | April 15, 2029
Securitized debt | 175.3 |  |  | (3) |  | 139.3 |  |  | (4) |  | April 7, 2025
Finance lease obligations (5) | 75.3 |  |  |  |  | 78.7 |  |  |  |  | Various
Other | 55.7 |  |  |  |  | 37.0 |  |  |  |  | Various
Total debt | 2,799.9 |  |  |  |  | 2,830.8 |  |  |  |  |
Less: Deferred financing costs | 18.8 |  |  |  |  | 20.5 |  |  |  |  |
Total debt, net | 2,781.1 |  |  |  |  | 2,810.3 |  |  |  |  |
Less: Current portion | 73.6 |  |  |  |  | 70.4 |  |  |  |  |
Total long-term debt, net | $ | 2,707.5 |  |  |  |  | $ | 2,739.9 |  |  |  |  |
(1) | Interest at SOFR index plus 10 basis points of credit spread adjustment, plus applicable margin of 1.375% as of June 30, 2023.
(2) | Interest at LIBOR plus applicable margin of 1.250% as of December 31, 2022.
(3) | Interest at one month SOFR index plus 10 basis points of credit spread adjustment, plus 85 basis points.
(4) | Interest at one month LIBOR index plus 70 basis points.
(5) | New finance lease obligations are a non-cash financing activity.

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 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration