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FINANCING ARRANGEMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consists of the following instruments:
As of June 30, 2024 (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 | 724.3 |  |  | 17.3 |  |  | 707.0 |  |  | 7.34 | %
5.75% senior notes due 2025 | 650.0 |  |  | 1.8 |  |  | 648.2 |  |  | 5.75 | %
7.125% senior notes due 2030 | 725.0 |  |  | 8.1 |  |  | 716.9 |  |  | 7.125 | %
Other Debt | 6.4 |  |  | — |  |  | 6.4 |  |  |
Total Debt | 2,105.7 |  |  | 27.2 |  |  | 2,078.5 |  |  |
Less short-term and current portion of long-term debt | 659.5 |  |  | 1.8 |  |  | 657.7 |  |  |
Total long-term debt, net of current portion | $ | 1,446.2 |  |  | $ | 25.4 |  |  | $ | 1,420.8 |  |  |
As of December 31, 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 | 727.9 |  |  | 18.9 |  |  | 709.0 |  |  | 7.88 | %
5.75% senior notes due 2025 | 650.0 |  |  | 2.8 |  |  | 647.2 |  |  | 5.75 | %
7.125% senior notes due 2030 | 725.0 |  |  | 8.8 |  |  | 716.2 |  |  | 7.125 | %
Other Debt | 7.6 |  |  | — |  |  | 7.6 |  |  |
Total Debt | 2,110.5 |  |  | 30.5 |  |  | 2,080.0 |  |  |
Less short-term and current portion of long-term debt | 9.5 |  |  | — |  |  | 9.5 |  |  |
Total long-term debt, net of current portion | $ | 2,101.0 |  |  | $ | 30.5 |  |  | $ | 2,070.5 |  |  |

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