XML 72 R61.htm IDEA: XBRL DOCUMENT
v3.19.2

Debt - Narrative (Details) - Debt Instruments $ in Millions |  |  |  |  | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | ---
Aug. 15, 2022 | Jul. 15, 2019 USD ($) | Jul. 08, 2019 USD ($) | Jun. 14, 2019 USD ($) | Jun. 30, 2019 USD ($) | Dec. 31, 2018 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Number of subsidiaries |  |  |  | 2 |  |
Long-term debt, net |  |  |  |  | $ 2,245.9 | $ 2,149.6
Debt Instrument, covenant description |  |  |  |  | The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we satisfy a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0. |
Consolidated Total Leverage Ratio |  |  |  |  | 5.5 |
Debt Covenant, Maximum Consolidated Total Leverage Ratio |  |  |  |  | 6.0 |
Deferred financing costs |  |  |  |  | $ 30.7 |
Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Gain (loss) on extinguishment of debt |  | $ 11.0 |  |  |  |
Fair Value, Inputs, Level 2 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt at fair value |  |  |  |  | $ 2,900.0 | $ 2,300.0
5.000% senior unsecured notes, due 2027 | Maximum | Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, redemption price, percentage of principal amount redeemed | 40.00% |  |  |  |  |
5.000% senior unsecured notes, due 2027 | Minimum | Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Percentage of aggregate principal outstanding | 50.00% |  |  |  |  |
Secured debt | Term loan, due 2024 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate at period end |  |  |  |  | 4.40% |
Unamortized debt discount |  |  |  |  | $ 1.7 |
Maturity date |  |  |  |  | Mar. 16, 2024 | Mar. 16, 2024
Secured debt | Term loan, due 2024 | Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayments of Debt |  |  | $ 50.0 |  |  |
Senior unsecured notes | 5.000% senior unsecured notes, due 2027 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term debt, net |  |  |  | $ 650.0 |  |
Stated interest rate |  |  |  | 5.00% | 5.00% |
Maturity date |  |  |  |  | Aug. 15, 2027 |
Debt instrument, redemption period, start date |  |  |  | Aug. 15, 2022 |  |
Senior unsecured notes | 5.250% senior unsecured notes, due 2022 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest rate |  |  |  |  |  | 5.25%
Maturity date |  |  |  |  |  | Jan. 31, 2022
Senior unsecured notes | 5.250% senior unsecured notes, due 2022 | Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt instrument, repurchase date |  | Jul. 15, 2019 |  |  |  |
Senior unsecured notes | 5.625% senior unsecured notes, due 2024 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest rate |  |  |  |  | 5.625% | 5.625%
Maturity date |  |  |  |  | Jan. 31, 2024 | Jan. 31, 2024
Debt face amount |  |  |  |  | $ 100.0 |
Unamortized premium |  |  |  |  | $ 2.0 |
Senior unsecured notes | 5.250% senior unsecured notes, due 2022 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest rate |  |  |  |  | 5.25% |
Maturity date |  |  |  |  | Jan. 31, 2022 |
Senior unsecured notes | 5.250% senior unsecured notes, due 2022 | Subsequent Event |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Stated interest rate |  | 5.25% |  |  |  |
Debt face amount |  | $ 550.0 |  |  |  |
Revolving credit facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, covenant description |  |  |  |  | The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Securitization Facilities) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.0 to 1.0. |
Maximum Consolidated Net Secured Leverage Ratio |  |  |  |  | 1.0 |
Debt Covenant, Maximum Consolidated Net Secured Coverage Ratio, REIT Election |  |  |  |  | 4.0 |
Revolving credit facility | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Covenant Restricted Cash Limit |  |  |  |  | $ 150.0 |

X
- Definition Consolidated Total Leverage Ratio + References No definition available. + Details
Name: | out_ConsolidatedTotalLeverageRatio
Namespace Prefix: | out_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Covenant, Maximum Consolidated Net Secured Coverage Ratio, REIT Election + References No definition available. + Details
Name: | out_DebtCovenantMaximumConsolidatedNetSecuredCoverageRatioREITElection
Namespace Prefix: | out_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Covenant, Maximum Consolidated Total Leverage Ratio + References No definition available. + Details
Name: | out_DebtCovenantMaximumConsolidatedTotalLeverageRatio
Namespace Prefix: | out_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Covenant Restricted Cash Limit + References No definition available. + Details
Name: | out_DebtCovenantRestrictedCashLimit
Namespace Prefix: | out_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Maximum Consolidated Net Secured Leverage Ratio + References No definition available. + Details
Name: | out_MaximumConsolidatedNetSecuredLeverageRatio
Namespace Prefix: | out_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Subsidiaries + References No definition available. + Details
Name: | out_NumberOfSubsidiaries
Namespace Prefix: | out_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of Debt Instrument Outstanding Required Upon Redemption + References No definition available. + Details
Name: | out_PercentageofDebtInstrumentOutstanding
Namespace Prefix: | out_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentCovenantDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Start date of debt instrument redemption period, in CCYY-MM-DD format. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph e -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodStartDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of principal amount of debt redeemed. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date the debt instrument was repurchased, in CCYY-MM-DD format. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRepurchaseDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after accumulated amortization, of debt discount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentUnamortizedDiscount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of debt premium. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 + Details
Name: | us-gaap_DebtInstrumentUnamortizedPremium
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. + References No definition available. + Details
Name: | us-gaap_LongTermDebtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=out_SeniorNotesDue2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=out_TermLoanDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=out_SeniorNotesDue2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=out_SeniorNotesDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |