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Long-term Debt (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 |  | December 31, 2023
Senior Secured Credit Facilities: |  |  |
Amended Revolving Credit Facility due 2027 | $ | — |  |  | $ | — |
Amended Term Loan A Facility due 2027 | 495.0 |  |  | 508.8 |
Amended Term Loan B Facility due 2029 | 980.0 |  |  | 985.0 |
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 | 185.4 |  |  | 173.5 |
| 2,790.9 |  |  | 2,797.8 |
Less: Current maturities of long-term debt | (38.2) |  |  | (47.6) |
Less: Debt discounts | (3.6) |  |  | (3.9) |
Less: Debt issuance costs | (26.9) |  |  | (28.3) |
| $ | 2,722.2 |  |  | $ | 2,718.0 |
Schedule of Maturities of Long-term Debt | The following is a schedule of future minimum repayments of long-term debt as of June 30, 2024 (in millions):
Years ending December 31: |
2024 (excluding the six months ended June 30, 2024) | $ | 18.8 |
2025 | 38.2 |
2026 | 544.7 |
2027 | 837.0 |
2028 | 10.8 |
Thereafter | 1,341.4 |
Total minimum payments | $ | 2,790.9 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | June 30, 2024 |  | December 31, 2023
Liability: |  |  |
Principal | $ | 330.5 |  |  | $ | 330.5 |
Unamortized debt issuance costs | (3.5) |  |  | (4.4) |
Net carrying amount | $ | 327.0 |  |  | $ | 326.1 |
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) | 2024 |  | 2023 |  | 2024 |  | 2023
Interest expense | $ | 122.3 |  |  | $ | 117.1 |  |  | $ | 242.9 |  |  | $ | 230.9 |
Capitalized interest | (2.9) |  |  | (1.5) |  |  | (4.4) |  |  | (2.3) |
Interest expense, net | $ | 119.4 |  |  | $ | 115.6 |  |  | $ | 238.5 |  |  | $ | 228.6 |
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) | 2024 |  | 2023 |  | 2024 |  | 2023
Coupon interest | $ | 2.2 |  |  | $ | 2.2 |  |  | $ | 4.5 |  |  | $ | 4.5 |
Amortization of debt issuance costs | 0.5 |  |  | 0.4 |  |  | 0.9 |  |  | 0.9 |
Convertible Notes interest expense | $ | 2.7 |  |  | $ | 2.6 |  |  | $ | 5.4 |  |  | $ | 5.4 |

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