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FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consists of the following instruments:
As of September 30, 2023 (in millions) | Principal Amount |  | Unamortized discount and debt issuance cost |  | Net Debt |  | Weighted average interest rate
Senior secured revolving credit facility due 2026 | $ | — |  |  | $ | — |  |  | $ | — |  |  | — | %
Senior secured term loan due 2029 | 729.8 |  |  | 19.7 |  |  | 710.1 |  |  | 7.87 | %
5.75% senior notes due 2025 | 650.0 |  |  | 3.4 |  |  | 646.6 |  |  | 5.75 | %
7.125% senior notes due 2030 | 725.0 |  |  | 9.1 |  |  | 715.9 |  |  | 7.125 | %
Other Debt | 7.7 |  |  | — |  |  | 7.7 |  |  |
Total Debt | 2,112.5 |  |  | 32.2 |  |  | 2,080.3 |  |  |
Less short-term and current portion of long-term debt | 9.5 |  |  | — |  |  | 9.5 |  |  |
Total long-term debt, net of current portion | $ | 2,103.0 |  |  | $ | 32.2 |  |  | $ | 2,070.8 |  |  |
As of December 31, 2022 (in millions) | Principal Amount |  | Unamortized discount and debt issuance cost |  | Net Debt |  | Weighted average interest rate
Senior secured revolving credit facility due 2026 | $ | — |  |  | $ | — |  |  | $ | — |  |  | — | %
Senior secured term loan due 2026 | 426.9 |  |  | 3.3 |  |  | 423.6 |  |  | 3.81 | %
Senior secured term loan due 2029 | 404.7 |  |  | 19.2 |  |  | 385.5 |  |  | 6.53 | %
5.75% senior notes due 2025 | 650.0 |  |  | 4.8 |  |  | 645.2 |  |  | 5.75 | %
7.125% senior notes due 2030 | 725.0 |  |  | 10.1 |  |  | 714.9 |  |  | 7.125 | %
Other Debt | 9.7 |  |  | — |  |  | 9.7 |  |  |
Total Debt | 2,216.3 |  |  | 37.4 |  |  | 2,178.9 |  |  |
Less short-term and current portion of long-term debt | 2.2 |  |  | — |  |  | 2.2 |  |  |
Total long-term debt, net of current portion | $ | 2,214.1 |  |  | $ | 37.4 |  |  | $ | 2,176.7 |  |  |

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