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Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

Debt for the Company consists of the following:

			September 30, 2023												December 31, 2022
(in millions, except percentages)			Amount						Rate						Amount						Rate						Maturity Date
2019 Credit Agreement:
Term A Facility			$	598.0					(1)						$	638.8					(2)						October 16, 2024
Revolver			135.0						(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			162.0						(3)						139.3						(4)						April 7, 2025
Finance lease obligations (5)			72.6												78.7												Various
Other			58.7												37.0												Various
Total debt			2,626.3												2,830.8
Less: Deferred financing costs			17.8												20.5
Total debt, net			2,608.5												2,810.3
Less: Current portion			70.0												70.4
Total long-term debt, net			$	2,538.5											$	2,739.9

(1)			Interest at SOFR index plus 10 basis points of credit spread adjustment, plus applicable margin of 1.375% as of September 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.

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- References

No definition available.

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- 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

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