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Long-term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of long-term debt, net of current maturities | The table below presents long-term debt, net of current maturities, debt discounts and issuance costs:
| December 31,
(in millions) | 2021 |  | 2020
Senior Secured Credit Facilities: |  |  |
Revolving Credit Facility due 2023 | $ | — |  |  | $ | — |
Term Loan A Facility due 2023 | 583.8 |  |  | 636.9 |
Term Loan B-1 Facility due 2025 | 979.9 |  |  | 991.2 |
5.625% Notes due 2027 | 400.0 |  |  | 400.0 |
4.125% Notes due 2029 | 400.0 |  |  | — |
2.75% Convertible Notes due 2026 | 330.5 |  |  | 330.5 |
Other long-term obligations | 146.3 |  |  | 73.0 |
| 2,840.5 |  |  | 2,431.6 |
Less: Current maturities of long-term debt | (99.5) |  |  | (81.4) |
Less: Debt discount | (73.1) |  |  | (86.2) |
Less: Debt issuance costs | (30.6) |  |  | (32.8) |
| $ | 2,637.3 |  |  | $ | 2,231.2 |
Schedule of future minimum repayments of long-term debt | The following is a schedule of future minimum repayments of long-term debt as of December 31, 2021 (in millions):
Year ending December 31: |
2022 | $ | 99.5 |
2023 | 543.5 |
2024 | 21.3 |
2025 | 946.8 |
2026 | 91.1 |
Thereafter | 1,138.3 |
Total minimum payments | $ | 2,840.5 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | December 31, 2021 |  | December 31, 2020 |  |
Liability component: |  |  |  |  |
Principal | $ | 330.5 |  |  | $ | 330.5 |  |  |
Unamortized debt discount | (71.7) |  |  | (84.4) |  |  |
Unamortized debt issuance costs | (5.3) |  |  | (6.2) |  |  |
Net carrying amount | $ | 253.5 |  |  | $ | 239.9 |  |  |
Carrying amount of equity component | $ | 88.2 |  |  | $ | 88.2 |  |  |
Schedule of interest expense, net | Interest expense, net The table below presents interest expense, net:
| For the year ended December 31,
(in millions) | 2021 |  | 2020 |  | 2019
Interest expense | $ | (566.9) |  |  | (546.3) |  |  | (535.9) |
Interest income | 1.1 |  |  | 0.9 |  |  | 1.4 |
Capitalized interest | 4.1 |  |  | 2.2 |  |  | 0.3 |
Interest expense, net | $ | (561.7) |  |  | $ | (543.2) |  |  | $ | (534.2) |
The table below presents interest expense related to the Convertible Notes:
| For the year ended December 31, |
(in millions) | 2021 |  | 2020 |
Coupon interest | $ | 9.1 |  |  | $ | 5.7 |  |
Amortization of debt discount | 12.7 |  |  | 7.3 |  |
Amortization of debt issuance costs | 0.9 |  |  | 0.5 |  |
Convertible Notes interest expense | $ | 22.7 |  |  | $ | 13.5 |  |

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