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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
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, 2025 |  | December 31, 2024
Amended Credit Facilities: |  |  |
Amended Revolving Credit Facility due 2027 | $ | 510.0 |  |  | $ | — |
Amended Term Loan A Facility due 2027 | 460.6 |  |  | 481.3 |
Amended Term Loan B Facility due 2029 | 967.5 |  |  | 975.0 |
5.625% Notes due 2027 | 400.0 |  |  | 400.0 |
4.125% Notes due 2029 | 400.0 |  |  | 400.0 |
2.75% Convertible Notes due 2026 | 106.7 |  |  | 330.5 |
Other long-term obligations | 8.6 |  |  | 210.5 |
| 2,853.4 |  |  | 2,797.3 |
Less: Current maturities of long-term debt | (38.2) |  |  | (38.2) |
Less: Debt discounts | (2.7) |  |  | (3.1) |
Less: Debt issuance costs | (16.2) |  |  | (23.5) |
| $ | 2,796.3 |  |  | $ | 2,732.5 |
Schedule of Maturities of Long-term Debt | The following is a schedule of future minimum repayments of long-term debt as of September 30, 2025 (in millions):
Years ending December 31: |
2025 (excluding the nine months ended September 30, 2025) | $ | 9.4 |
2026 | 144.9 |
2027 | 1,347.0 |
2028 | 10.8 |
2029 | 1,335.8 |
Thereafter | 5.5 |
Total minimum payments | $ | 2,853.4 |
Schedule Convertible Notes | The Convertible Notes consisted of the following components:
(in millions) | September 30, 2025 |  | December 31, 2024
Liability: |  |  |
Principal | $ | 106.7 |  |  | $ | 330.5 |
Unamortized debt issuance costs | (0.4) |  |  | (2.6) |
Net carrying amount | $ | 106.3 |  |  | $ | 327.9 |
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) | 2025 |  | 2024 |  | 2025 |  | 2024
Interest expense | $ | 110.4 |  |  | $ | 123.2 |  |  | $ | 338.3 |  |  | $ | 366.1 |
Capitalized interest | (13.2) |  |  | (4.8) |  |  | (34.4) |  |  | (9.2) |
Interest expense, net | $ | 97.2 |  |  | $ | 118.4 |  |  | $ | 303.9 |  |  | $ | 356.9 |
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) | 2025 |  | 2024 |  | 2025 |  | 2024
Coupon interest | $ | 1.1 |  |  | $ | 2.3 |  |  | $ | 5.1 |  |  | $ | 6.8 |
Amortization of debt issuance costs | 0.1 |  |  | 0.4 |  |  | 0.9 |  |  | 1.3 |
Convertible Notes interest expense | $ | 1.2 |  |  | $ | 2.7 |  |  | $ | 6.0 |  |  | $ | 8.1 |

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