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Long-term Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
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, 2023 |  | December 31, 2022
Senior Secured Credit Facilities: |  |  |
Amended Revolving Credit Facility due 2027 | $ | — |  |  | $ | — |
Amended Term Loan A Facility due 2027 | 515.6 |  |  | 536.2 |
Amended Term Loan B Facility due 2029 | 987.5 |  |  | 995.0 |
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 | 172.6 |  |  | 156.1 |
| 2,806.2 |  |  | 2,817.8 |
Less: Current maturities of long-term debt | (56.7) |  |  | (56.2) |
Less: Debt discounts | (4.1) |  |  | (4.6) |
Less: Debt issuance costs | (30.0) |  |  | (35.7) |
| $ | 2,715.4 |  |  | $ | 2,721.3 |
Schedule of Maturities of Long-term Debt | The following is a schedule of future minimum repayments of long-term debt as of September 30, 2023 (in millions):
Years ending December 31: |
2023 (excluding the nine months ended September 30, 2023) | $ | 18.5 |
2024 | 47.6 |
2025 | 38.2 |
2026 | 512.9 |
2027 | 837.0 |
Thereafter | 1,352.0 |
Total minimum payments | $ | 2,806.2 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | September 30, 2023 |  | December 31, 2022
Liability: |  |  |
Principal | $ | 330.5 |  |  | $ | 330.5 |
Unamortized debt issuance costs | (4.9) |  |  | (6.2) |
Net carrying amount | $ | 325.6 |  |  | $ | 324.3 |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Interest expense | $ | 119.2 |  |  | $ | 199.1 |  |  | $ | 350.1 |  |  | $ | 556.0 |
Capitalized interest | (1.7) |  |  | (0.6) |  |  | (4.0) |  |  | (1.3) |
Interest expense, net | $ | 117.5 |  |  | $ | 198.5 |  |  | $ | 346.1 |  |  | $ | 554.7 |
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) | 2023 |  | 2022 |  | 2023 |  | 2022
Coupon interest | $ | 2.3 |  |  | $ | 2.3 |  |  | $ | 6.8 |  |  | $ | 6.8 |
Amortization of debt issuance costs | 0.4 |  |  | 0.5 |  |  | 1.3 |  |  | 1.3 |
Convertible Notes interest expense | $ | 2.7 |  |  | $ | 2.8 |  |  | $ | 8.1 |  |  | $ | 8.1 |

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