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FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consists of the following instruments:
As of September 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 | 722.5 |  |  | 16.4 |  |  | 706.1 |  |  | 7.31 | %
7.125% senior notes due 2030 | 725.0 |  |  | 7.8 |  |  | 717.2 |  |  | 7.125 | %
6.250% senior notes due 2031 | 650.0 |  |  | 9.5 |  |  | 640.5 |  |  | 6.25 | %
Other Debt | 3.9 |  |  | — |  |  | 3.9 |  |  |
Total Debt | 2,101.4 |  |  | 33.7 |  |  | 2,067.7 |  |  |
Less short-term and current portion of long-term debt | 7.8 |  |  | — |  |  | 7.8 |  |  |
Total long-term debt, net of current portion | $ | 2,093.6 |  |  | $ | 33.7 |  |  | $ | 2,059.9 |  |  |
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 | %
5.750% 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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