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Debt
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Debt DEBT
A summary of debt is as follows (in millions):
March 31, 2022December 31, 2021
MaturityCurrentLong-TermCurrentLong-Term
8.25% Notes:
Feb. 2027
Principal$— $74.3 $— $74.3 
Interest6.1 24.5 6.1 27.5 
 Total$6.1 $98.8 $6.1 $101.8 
Interest on the Company’s 8.25% notes (the “8.25% Notes”) maturing in February 2027 is payable semi-annually in arrears as of February 28 and August 31 based on a 360-day year consisting of twelve 30-day months. As shown in the table above, all future interest payment obligations on the 8.25% Notes are included in the carrying value of the 8.25% Notes. As a result, interest payments are reported as a reduction in the carrying value of the 8.25% Notes and not as interest expense. As of March 31, 2022, and December 31, 2021, $6.1 million of interest was recorded as current and classified as Current Debt in the unaudited consolidated balance sheet. Additional terms and conditions of the 8.25% Notes are described in Note 8, Debt, of the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.