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FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt | For each of the periods presented, total debt consisted of the following:
As of December 31, 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 | 720.7 |  |  | 15.5 |  |  | 705.2 |  |  | 7.30 | %
7.125% senior notes due 2030 | 725.0 |  |  | 7.5 |  |  | 717.5 |  |  | 7.125 | %
6.250% senior notes due 2031 | 650.0 |  |  | 9.2 |  |  | 640.8 |  |  | 6.250 | %
Other Debt | 3.5 |  |  | — |  |  | 3.5 |  |  |
Total Debt | 2,099.2 |  |  | 32.2 |  |  | 2,067.0 |  |  |
Less short-term and current portion of long-term debt | 7.7 |  |  | — |  |  | 7.7 |  |  |
Total long-term debt, net of current portion | $ | 2,091.5 |  |  | $ | 32.2 |  |  | $ | 2,059.3 |  |  |
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 |  |  |
Schedule of Maturities of Long-term Debt | Aggregate maturities of the principal amount of debt for the next five years and thereafter are as follows:
(In millions) |  |
2025 |  | $ | 7.7 |
2026 |  | 7.7 |
2027 |  | 7.6 |
2028 |  | 7.7 |
2029 |  | 692.0 |
Thereafter |  | 1,376.5 |
Aggregate maturities |  | $ | 2,099.2 |

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