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Long-term Debt (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt, Net of Current Maturities | Long-term debt, net of current maturities, was as follows:
(in millions) | September 30, 2020 |  | December 31, 2019
Senior Secured Credit Facilities: |  |  |
Revolving Credit Facility due 2023 | $ | — |  |  | $ | 140.0 |
Term Loan A Facility due 2023 | 645.8 |  |  | 672.3 |
Term Loan B-1 Facility due 2025 | 1,109.0 |  |  | 1,117.5 |
5.625% Notes due 2027 | 400.0 |  |  | 400.0 |
2.75% Convertible Notes due 2026 | 330.5 |  |  | — |
Other long-term obligations | 80.8 |  |  | 89.2 |
| 2,566.1 |  |  | 2,419.0 |
Less: Current maturities of long-term debt | (84.8) |  |  | (62.9) |
Less: Debt discount | (89.6) |  |  | (2.4) |
Less: Debt issuance costs | (36.0) |  |  | (31.5) |
| $ | 2,355.7 |  |  | $ | 2,322.2 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | September 30, 2020 |  |
Liability component: |  |  |
Principal | $ | 330.5 |  |  |
Unamortized debt discount | (87.4) |  |  |
Unamortized debt issuance costs | (6.4) |  |  |
Net carrying amount | $ | 236.7 |  |  |
Carrying amount of equity component | $ | 88.2 |  |  |
Schedule of Interest Expense, Net | Interest expense, net, was as follows:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Interest expense | $ | (143.3) |  |  | $ | (134.2) |  |  | $ | (409.4) |  |  | $ | (401.8) |
Interest income | 0.3 |  |  | 0.6 |  |  | 0.7 |  |  | 1.2 |
Capitalized interest | 0.7 |  |  | 0.1 |  |  | 1.6 |  |  | 0.1 |
Interest expense, net | $ | (142.3) |  |  | $ | (133.5) |  |  | $ | (407.1) |  |  | $ | (400.5) |
Interest expense related to the Convertible Notes was as follows:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions) | 2020 |  | 2020
Coupon interest | $ | 2.3 |  |  | $ | 3.5 |
Amortization of debt discount | 2.9 |  |  | 4.3 |
Amortization of debt issuance costs | 0.2 |  |  | 0.3 |
Convertible Notes interest expense | $ | 5.4 |  |  | $ | 8.1 |

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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=120391452&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 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: 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=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: 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 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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