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Long-Term and Other Debt (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Schedule of debt outstanding | The following reflects outstanding debt as of the dates indicated below:
|  | As of December 31,
|  | 2017 |  | 2016
|  | Final Maturity |  | Rate(s) |  | Face Value |  | Unamortized debt discount/premium and deferred financing costs, net |  | Book Value |  | Book Value
Senior Secured Credit Facilities: |  |  |  |  |  |  |  |  |  |  |  |
Revolver, varying interest rate |  | 2018 |  | variable |  |  | $ | 100.5 |  |  | $ | — |  |  | $ | 100.5 |  |  | $ | 45.0 |
Revolver, varying interest rate |  | 2020 |  | variable |  |  | 249.5 |  |  | — |  |  | 249.5 |  |  | — |
Term Loan B-1 |  | 2020 |  | variable |  |  | — |  |  | — |  |  | — |  |  | 2,183.5 |
Term Loan B-2 |  | 2021 |  | variable |  |  | — |  |  | — |  |  | — |  |  | 1,905.8 |
Term Loan B-4 |  | 2024 |  | variable |  |  | 3,274.6 |  |  | (81.0 | ) |  | 3,193.6 |  |  | — |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |
2022 Secured Notes |  | 2022 |  | 7.000 | % |  | 2,100.0 |  |  | 30.7 |  |  | 2,130.7 |  |  | 936.3 |
2025 Secured Notes |  | 2025 |  | 5.000 | % |  | 350.0 |  |  | (6.3 | ) |  | 343.7 |  |  | — |
Unsecured Notes |  | 2022 |  | 10.000 | % |  | 2,200.0 |  |  | (29.9 | ) |  | 2,170.1 |  |  | 2,164.0 |
Subordinated Notes: |  |  |  |  |  |  |  |  |  |  |  |
2018 Notes |  | 2018 |  | 8.125 | % |  | — |  |  | — |  |  | — |  |  | 248.7 |
2020 Notes |  | 2020 |  | 6.250 | % |  | 243.5 |  |  | (1.7 | ) |  | 241.8 |  |  | 241.2 |
2021 Notes |  | 2021 |  | 6.625 | % |  | 340.6 |  |  | (4.6 | ) |  | 336.0 |  |  | 334.5 |
Capital lease obligations, 3.9% as of December 31, 2017 payable monthly through 2019 |  | 2019 |  | 3.900 | % |  | 10.7 |  |  | — |  |  | 10.7 |  |  | 15.2 |
Total long-term debt outstanding |  |  |  |  |  | $ | 8,869.4 |  |  | $ | (92.8 | ) |  | $ | 8,776.6 |  |  | $ | 8,074.2 |
Less: current portion of long-term debt |  |  |  |  |  |  |  |  |  | (40.3 | ) |  | (49.3 | )
Long-term debt, excluding current portion |  |  |  |  |  |  |  |  |  | $ | 8,736.3 |  |  | $ | 8,024.9 |
Fair value of debt (1) |  |  |  |  |  | $ | 9,251.5 |  |  |  |  |  |  |
(1) Fair value of our fixed rate and variable interest rate debt is classified within level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.
Schedule of debt and capital lease payments due over the next five years and beyond | The following reflects the principal amount of debt and capital lease payments due over the next five years and beyond as of December 31, 2017:
|  | Total |  | 2018 |  | 2019 |  | 2020(1) |  | 2021 |  | 2022 |  | After 2022
Senior Secured Credit Facilities |  | $ | 3,624.6 |  |  | $ | 32.8 |  |  | $ | 32.8 |  |  | $ | 382.8 |  |  | $ | 32.8 |  |  | $ | 32.8 |  |  | $ | 3,110.6 |
Senior Notes |  | 4,650.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,300.0 |  |  | 350.0 |
Subordinated Notes |  | 584.1 |  |  | — |  |  | — |  |  | 243.5 |  |  | 340.6 |  |  | — |  |  | — |
Capital lease obligations, payable monthly through 2019 |  | 10.7 |  |  | 7.7 |  |  | 3.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Total long-term debt outstanding |  | $ | 8,869.4 |  |  | $ | 40.5 |  |  | $ | 35.8 |  |  | $ | 626.3 |  |  | $ | 373.4 |  |  | $ | 4,332.8 |  |  | $ | 3,460.6 |
Unamortized deferred financing costs and discount/premium |  | (92.8 | ) |  |  |  |  |  |  |  |  |  |  |  |
Total debt book value |  | $ | 8,776.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) Reflects portion of revolver balance under non-extended commitments rolling under extended commitments if still outstanding on October 18, 2018 and given current revolver capacity.
Schedule of components of extinguishment and modification of debt | The following are components of the (loss) gain on debt financing transactions resulting from debt extinguishment and modification accounting:
| Years Ended December 31,
| 2017 |  | 2016 |  | 2015
Repurchase and cancellation of principal balance at discount | $ | — |  |  | $ | 26.0 |  |  | $ | — |
Unamortized debt discount and deferred financing costs | (26.4 | ) |  | (0.8 | ) |  | — |
Third party debt issuance fees | (11.7 | ) |  | — |  |  | — |
Total (loss) gain on debt financing transactions | $ | (38.1 | ) |  | $ | 25.2 |  |  | $ | — |

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