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v3.25.1

Debt and Credit Arrangements (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Outstanding Borrowings | The following table represents the components of our borrowings:
| March 31, 2025 |  | December 31, 2024
Senior secured and senior unsecured notes: |  |  |
Principal amount, senior secured notes due 2030 | $ | 1,457.0 |  |  | $ | 1,460.0 |
Principal amount, senior unsecured notes due 2031 | 510.0 |  |  | 510.0 |
Unamortized discount | (22.6) |  |  | (23.5) |
Unamortized debt issuance costs | (27.6) |  |  | (28.8) |
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs | 1,916.8 |  |  | 1,917.7 |
Senior secured revolving credit facilities and term loans: |  |  |
Term loans due March 2030 | 1,581.0 |  |  | 1,581.0 |
Senior secured revolving credit facility due April 2029 | 290.4 |  |  | 205.0 |
Unamortized discount | (30.2) |  |  | (31.3) |
Unamortized debt issuance costs | (31.1) |  |  | (32.3) |
Senior secured revolving credit facility and term loan, net of unamortized discount and debt issuance costs | 1,810.1 |  |  | 1,722.4 |
Other debt facilities | 2.1 |  |  | 1.5 |
Total debt, net of unamortized debt issuance costs | 3,729.0 |  |  | 3,641.6 |
Less: Current maturities | 1.4 |  |  | 0.9 |
Long-term debt | $ | 3,727.6 |  |  | $ | 3,640.7 |
The following table summarizes the carrying values and fair values of our actively quoted debt instruments (1):
| March 31, 2025 |  | December 31, 2024
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Term loans due March 2030 | $ | 1,519.7 |  |  | $ | 1,582.0 |  |  | $ | 1,517.4 |  |  | $ | 1,589.9 |
Senior secured notes due 2030 | 1,424.1 |  |  | 1,516.1 |  |  | 1,425.6 |  |  | 1,517.9 |
Senior unsecured notes due 2031 | 492.6 |  |  | 545.0 |  |  | 492.2 |  |  | 546.9 |
_______________ (1)The debt instruments noted above are actively quoted instruments and, accordingly, their fair values were determined using Level 1 inputs.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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