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Debt
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Debt DEBT
A summary of debt is as follows (in millions):
March 31, 2023December 31, 2022
MaturityCurrentLong-TermCurrentLong-Term
8.25% Notes:
Feb. 2027
Principal$— $74.3 $— $74.3 
Interest6.1 18.3 6.1 21.4 
 Total$6.1 $92.6 $6.1 $95.7 
Interest on the Company’s 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. The 8.25% Notes were issued in connection with a troubled debt restructuring; therefore, 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, 2023 and December 31, 2022, $6.1 million of interest was recorded as current and classified as Current Debt in the Consolidated Balance Sheets. 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, 2022.