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LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt is summarized as follows (in millions):

			December 31,
			2021						2020
5% Senior Notes due May 15, 2029, net of unamortized debt issuance costs of $6.9 at December 31, 2021			$	593.1					$	—
5-5/8% Senior Notes due February 1, 2025, net of unamortized debt issuance costs of $6.0 at December 31, 2020			—						594.0
Credit Agreement – term debt due January 31, 2024 (“Original Term Loan”, as defined below), net of unamortized debt issuance costs of $0.4 and $3.0 at December 31, 2021 and 2020, respectively			77.4						381.0
Credit Agreement – term debt due January 31, 2024 (“2019 Term Loan”, as defined below), net of unamortized debt issuance costs of $1.6 at December 31, 2020			—						194.3
Finance lease obligations			3.5						4.4
Other			0.1						0.1
Total debt			674.1						1,173.8
Less: Current portion of long-term debt			(5.6)						(7.6)
Long-term debt, less current portion			$	668.5					$	1,166.2

Schedule of Debt

Letters of credit outstanding (in millions):

			December 31, 2021						December 31, 2020
$400 Million Facility			$	—																	$	—
$300 Million Facility			62.8																		35.3
Bilateral Arrangements			45.0																		47.2
Total			$	107.8																	$	82.5

Schedule of Maturities of Long-term Debt

Amounts shown are exclusive of minimum lease payments for capital lease obligations (in millions):

2022			$	4.0
2023			4.0
2024			69.9
2025			—
2026			—
Thereafter			600.0
Total Debt			677.9
Less: Unamortized debt issuance costs			(7.3)
Net debt			$	670.6

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The Company estimates the fair values of its debt set forth below as of December 31, 2021 and 2020, as follows (in millions, except for quotes):

2021			Book Value						Quote						Fair Value
5% Notes			$	600.0					1.03000						$	618.0
Original Term Loan (net of discount)			77.8						0.99875						77.7

2020			Book Value						Quote						Fair Value
5-5/8% Notes			$	600.0					1.02750						$	616.5
Original Term Loan (net of discount)			384.0						0.98750						379.2
2019 Term Loan (net of discount)			195.9						0.99000						193.9

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