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Long-term Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
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) | September 30, 2022 |  | December 31, 2021
Senior Secured Credit Facilities: |  |  |
Amended Revolving Credit Facility due 2027 | $ | — |  |  | $ | — |
Amended Term Loan A Facility due 2027 | 543.1 |  |  | — |
Amended Term Loan B Facility due 2029 | 997.5 |  |  | — |
Term Loan A Facility due 2023 | — |  |  | 583.8 |
Term Loan B-1 Facility due 2025 | — |  |  | 979.9 |
5.625% Notes due 2027 | 400.0 |  |  | 400.0 |
4.125% Notes due 2029 | 400.0 |  |  | 400.0 |
2.75% Convertible Notes due 2026 | 330.5 |  |  | 330.5 |
Other long-term obligations | 157.2 |  |  | 146.3 |
| 2,828.3 |  |  | 2,840.5 |
Less: Current maturities of long-term debt | (55.8) |  |  | (99.5) |
Less: Debt discounts | (4.7) |  |  | (73.1) |
Less: Debt issuance costs | (37.6) |  |  | (30.6) |
| $ | 2,730.2 |  |  | $ | 2,637.3 |
Schedule of Maturities of Long-term Debt | The following is a schedule of future minimum repayments of long-term debt as of September 30, 2022 (in millions):
Years ending December 31: |
2022 (excluding the nine months ended September 30, 2022) | $ | 18.1 |
2023 | 56.2 |
2024 | 47.6 |
2025 | 38.2 |
2026 | 479.2 |
Thereafter | 2,189.0 |
Total minimum payments | $ | 2,828.3 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | September 30, 2022 |  | December 31, 2021
Liability component: |  |  |
Principal | $ | 330.5 |  |  | $ | 330.5 |
Unamortized debt discount | — |  |  | (71.7) |
Unamortized debt issuance costs | (6.6) |  |  | (5.3) |
Net carrying amount | $ | 323.9 |  |  | $ | 253.5 |
Carrying amount of equity component | $ | — |  |  | $ | 88.2 |
Schedule of Interest Expense, Net | The table below presents interest expense, net:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Interest expense | $ | 199.1 |  |  | $ | 146.1 |  |  | $ | 556.0 |  |  | $ | 421.8 |
Interest income | (5.2) |  |  | (0.3) |  |  | (7.0) |  |  | (0.7) |
Capitalized interest | (0.6) |  |  | (0.9) |  |  | (1.3) |  |  | (2.5) |
Interest expense, net | $ | 193.3 |  |  | $ | 144.9 |  |  | $ | 547.7 |  |  | $ | 418.6 |
The table below presents interest expense related to the Convertible Notes:
| For the three months ended September 30, |  | For the nine months ended September 30,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Coupon interest | $ | 2.3 |  |  | $ | 2.3 |  |  | $ | 6.8 |  |  | $ | 6.8 |
Amortization of debt discount | — |  |  | 3.2 |  |  | — |  |  | 9.4 |
Amortization of debt issuance costs | 0.5 |  |  | 0.2 |  |  | 1.3 |  |  | 0.7 |
Convertible Notes interest expense | $ | 2.8 |  |  | $ | 5.7 |  |  | $ | 8.1 |  |  | $ | 16.9 |

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