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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The following table summarizes Long-term debt in the Condensed Consolidated Balance Sheets as of the periods presented:
($ in millions) | March 31, 2025 |  | December 31, 2024
Term Loans | $ | 3,090.9 |  |  | $ | 3,098.6 |
6.250% Senior Notes 1 | 712.8 |  |  | 713.0 |
3.875% Senior Notes 1,2 | 469.0 |  |  | 459.8 |
4.375% Senior Notes 1,2 | 708.5 |  |  | 710.0 |
Revolving Credit Facility | — |  |  | — |
Finance leases | 107.0 |  |  | 100.2 |
Other 3 | 22.6 |  |  | 11.4 |
Unamortized debt costs and discounts | (66.2) |  |  | (64.9) |
Total debt | $ | 5,044.6 |  |  | $ | 5,028.1 |
Less: current portion of long term debt | 67.9 |  |  | 64.5 |
Long-term debt, less current portion | $ | 4,976.7 |  |  | $ | 4,963.6 |
______________________ 1 The December 31, 2024 balances for the 3.875% Senior Notes, the 4.375% Senior Notes and the 6.250% Senior Notes represent the Original Notes as defined below. The March 31, 2025 balances for the 3.875% Senior Notes and the 4.375% Senior Notes represent the New Notes as defined below. The March 31, 2025 balance for the 6.250% Senior Notes represents the exchanged unsecured notes as described below. 2 The outstanding aggregate principal amounts of the 3.875% Senior Notes and the 4.375% Senior Notes are net of unamortized discounts of $8.4 million and $38.0 million, respectively, as of March 31, 2025. Refer to the sections below for additional details related to the discounts. The outstanding aggregate principal amounts of the Original 3.875% Senior Notes and the Original 4.375% Senior Notes are net of unamortized discounts of $8.9 million and $40.0 million, respectively, as of December 31, 2024. Refer to the sections below for additional details related to the discounts. 3 Includes the non-tendered Original Notes (as described below).
Schedule of Debt | The following table reflects the impact of all exchanges:
Senior Notes | Principal Offered for Exchange |  | Values Exchanged
($ in millions) |  |  |
6.250% Senior Notes | $ | 713.0 |  |  | $ | 712.8 |
3.875% Senior Notes | € | 450.0 |  |  | € | 441.9 |
4.375% Senior Notes | $ | 750.0 |  |  | $ | 746.5 |
Schedule of Maturities of Long-Term Debt | The following table summarizes the principal maturities of debt, excluding finance lease obligations and unamortized debt costs and discounts, in each of the next five years and thereafter:
($ in millions) | Amount
2025 (remaining nine months) | $ | 27.1
2026 | 35.8
2027 | 32.5
2028 | 3,491.8
2029 | 1,463.0
Thereafter | —
Total | $ | 5,050.2
Schedule of Revolving of Credit Facilities | The following tables summarize amounts available for borrowing under the revolving credit facilities as of the periods presented:
|  |  |  | March 31, 2025
($ in millions) |  |  |  |  | Revolving Credit Facility |  |
Revolver availability: |  |  |  |  |  |  |
Revolver committed availability |  |  |  |  | $ | 750.0 |  |
Less: Outstanding letters of credit |  |  |  |  | (138.5) |  |
Net availability |  |  |  |  | 611.5 |  |
Borrowings |  |  |  |  | — |  |
Available borrowing capacity |  |  |  |  | $ | 611.5 |  |  |
| December 31, 2024
($ in millions) | ABL Credit Facility |  | Original Revolving Credit Agreement |  |  |  | Total
Revolver availability: |  |  |  |  |  |  |
Gross availability | $ | 350.0 |  | $ | 350.0 |  |  |  | $ | 700.0
Less: Adjustment for gross availability | (14.8) |  | — |  |  |  | (14.8)
Less: Outstanding letters of credit | (51.6) |  | (65.4) |  |  |  | (117.0)
Net availability | 283.6 |  | 284.6 |  |  |  | 568.2
Borrowings | — |  | — |  |  |  | —
Available borrowing capacity | $ | 283.6 |  |  | $ | 284.6 |  |  |  |  | $ | 568.2 |

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