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Derivatives and Hedging Activities (Tables) | 12 Months Ended
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Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Swaps and Interest Rate Caps Outstanding | The key terms of interest rate swaps and interest rate caps outstanding are presented below:
|  |  |  | December 31, 2021 |  | December 31, 2020 |  |
Description |  | Effective Date |  | Notional Amount (in millions) |  | Status |  | Notional Amount (in millions) |  | Status |  | Maturity Date
Pay-fixed swap |  | May 7, 2021 |  | $ | 435.0 |  |  | Active |  | $ | — |  |  | NA |  | March 31, 2025
Pay-fixed swap |  | May 7, 2021 |  | 330.0 |  |  | Active |  | — |  |  | NA |  | March 31, 2025
Pay-fixed swap |  | May 7, 2021 |  | 435.0 |  |  | Active |  | — |  |  | NA |  | March 31, 2025
Interest rate cap |  | September 30, 2021 |  | 166.8 |  |  | Active |  | — |  |  | NA |  | March 31, 2025
Interest rate cap |  | September 30, 2021 |  | 166.8 |  |  | Active |  | — |  |  | NA |  | March 31, 2025
Pay-fixed swap |  | November 30, 2018 |  | 165.0 |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Pay-fixed swap |  | November 30, 2018 |  | 120.0 |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Pay-fixed swap |  | June 28, 2019 |  | 150.0 |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Receive-fixed swap |  | April 30, 2021 |  | (165.0) |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Receive-fixed swap |  | April 30, 2021 |  | (120.0) |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Receive-fixed swap |  | April 30, 2021 |  | (150.0) |  |  | Active |  | — |  |  | NA |  | November 30, 2023
Pay-fixed swap |  | November 30, 2018 |  | — |  |  | Terminated |  | 330.0 |  |  | Active |  | November 30, 2023
Pay-fixed swap |  | November 30, 2018 |  | — |  |  | Terminated |  | 330.0 |  |  | Active |  | November 30, 2023
Pay-fixed swap |  | November 30, 2018 |  | — |  |  | Terminated |  | 240.0 |  |  | Active |  | November 30, 2023
Pay-fixed swap |  | June 28, 2019 |  | — |  |  | Terminated |  | 300.0 |  |  | Active |  | November 30, 2023
|  |  |  | $ | 1,533.6 |  |  |  |  | $ | 1,200.0 |  |  |  |  |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair values of our derivatives and their location on the consolidated balance sheets (in millions):
|  |  |  | December 31, 2021 |  | December 31, 2020
|  | Location |  | Assets |  | Liabilities |  | Assets |  | Liabilities
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other long-term assets |  | $ | 12.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest rate swaps |  | Other long-term liabilities |  | — |  |  | 12.4 |  |  | — |  |  | — |
Derivatives in cash flow hedging relationships |  |  |  |  |  |  |  |  |  |
Interest rate caps |  | Other long-term assets |  | 2.9 |  |  | — |  |  | — |  |  | — |
Interest rate swaps |  | Other long-term assets |  | 8.2 |  |  | — |  |  | — |  |  | — |
Interest rate swaps |  | Other long-term liabilities (1) |  | — |  |  | 45.8 |  |  | — |  |  | 61.0 |
Total |  |  |  | $ | 23.6 |  |  | $ | 58.2 |  |  | $ | — |  |  | $ | 61.0 |
(1)The balance as of December 31, 2021 is related to the financing component of the pay-fixed, receive floating interest rate swaps.
Schedule of Effect of Interest Rate Swaps | The following table presents the pre-tax effect of the interest rate swaps and caps on the Company's accumulated OCI and consolidated statement of operations (in millions):
|  |  | Year Ended December 31,
| Location |  | 2021 |  | 2020 |  | 2019
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Gain recognized in income | Other income |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Derivatives in cash flow hedging relationships |  |  |  |  |  |  |
(Gain) loss recognized in OCI (effective portion) |  |  | $ | (4.8) |  |  | $ | 30.5 |  |  | $ | 35.8 |
Loss reclassified from accumulated OCI into income (effective portion) (1) | Interest expense, net |  | $ | 24.7 |  |  | $ | 20.2 |  |  | $ | 7.5 |
(1)Includes amortization of accumulated OCI related to de-designated and terminated interest rate swaps of $14.0 million for the year ended December 31, 2021. There was no comparable amortization in prior year periods.

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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