XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

Long-term Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt, Net of Current Maturities, Debt Discounts and Issuance Costs | The table below presents long-term debt, net of current maturities, debt discounts and issuance costs:
(in millions) | June 30, 2021 |  | December 31, 2020
Senior Secured Credit Facilities: |  |  |
Revolving Credit Facility due 2023 | $ | — |  |  | $ | — |
Term Loan A Facility due 2023 | 610.4 |  |  | 636.9 |
Term Loan B-1 Facility due 2025 | 985.5 |  |  | 991.2 |
5.625% Notes due 2027 | 400.0 |  |  | 400.0 |
2.75% Convertible Notes due 2026 | 330.5 |  |  | 330.5 |
Other long-term obligations | 141.9 |  |  | 73.0 |
| 2,468.3 |  |  | 2,431.6 |
Less: Current maturities of long-term debt | (90.4) |  |  | (81.4) |
Less: Debt discount | (79.9) |  |  | (86.2) |
Less: Debt issuance costs | (28.1) |  |  | (32.8) |
| $ | 2,269.9 |  |  | $ | 2,231.2 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | June 30, 2021 |  | December 31, 2020 |  |
Liability component: |  |  |  |  |
Principal | $ | 330.5 |  |  | $ | 330.5 |  |  |
Unamortized debt discount | (78.2) |  |  | (84.4) |  |  |
Unamortized debt issuance costs | (5.8) |  |  | (6.2) |  |  |
Net carrying amount | $ | 246.5 |  |  | $ | 239.9 |  |  |
Carrying amount of equity component | $ | 88.2 |  |  | $ | 88.2 |  |  |
Schedule of Interest Expense, Net | The table below presents interest expense, net:
| For the three months ended June 30, |  | For the six months ended June 30, |  |
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Interest expense | $ | (139.1) |  |  | $ | (135.7) |  |  | $ | (275.7) |  |  | $ | (266.1) |  |  |  |  |
Interest income | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.4 |  |  |  |  |
Capitalized interest | 0.9 |  |  | 0.5 |  |  | 1.6 |  |  | 0.9 |  |  |  |  |
Interest expense, net | $ | (138.0) |  |  | $ | (135.0) |  |  | $ | (273.7) |  |  | $ | (264.8) |  |  |  |  |
The table below presents interest expense related to the Convertible Notes:
| For the three months ended June 30, |  | For the six months ended June 30, |  |
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Coupon interest | $ | 2.2 |  |  | $ | 1.2 |  |  | $ | 4.5 |  |  | $ | 1.2 |  |  |
Amortization of debt discount | 3.1 |  |  | 1.4 |  |  | 6.2 |  |  | 1.4 |  |  |
Amortization of debt issuance costs | 0.3 |  |  | 0.1 |  |  | 0.5 |  |  | 0.1 |  |  |
Convertible Notes interest expense | $ | 5.6 |  |  | $ | 2.7 |  |  | $ | 11.2 |  |  | $ | 2.7 |  |  |

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: 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=124435984&loc=d3e28541-108399 Reference 4: 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=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: 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=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: 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=123467817&loc=d3e21521-112644 Reference 9: 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=123467817&loc=d3e21538-112644 Reference 10: 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=123599511&loc=d3e64711-112823 Reference 11: 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 12: 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=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration