The carrying amounts, estimated fair values and valuation input levels of the Company’s debt instruments, interest rate derivatives and foreign currency contracts as of December 31, 2023 and 2022, are as follows:
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December 31, 2023 |
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December 31, 2022 |
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Carrying
Amount |
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Fair Value |
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Carrying
Amount |
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Fair Value |
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Valuation
Inputs |
Assets: |
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Foreign currency contracts |
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$ |
8.7 |
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$ |
8.7 |
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$ |
9.9 |
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$ |
9.9 |
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Level 2 |
Interest rate swap contracts |
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— |
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— |
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8.6 |
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8.6 |
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Level 2 |
Liabilities: |
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7.125% senior notes due 2028 |
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$ |
641.6 |
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$ |
301.6 |
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$ |
700.0 |
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$ |
502.6 |
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Level 2 |
5.00% senior notes due 2027 |
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750.0 |
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312.2 |
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750.0 |
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513.4 |
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Level 2 |
8.25% senior notes due 2027 |
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866.9 |
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454.9 |
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1,000.0 |
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780.8 |
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Level 2 |
6.00% senior notes due 2025 |
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1,274.6 |
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1,038.8 |
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1,300.0 |
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1,183.4 |
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Level 2 |
4.75% senior secured notes due 2029 |
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1,250.0 |
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840.6 |
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1,250.0 |
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1,000.0 |
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Level 2 |
6.00% senior secured notes due 2026 |
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1,500.0 |
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1,327.5 |
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1,500.0 |
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1,383.3 |
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Level 2 |
Senior secured term loan due 2026 |
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3,064.0 |
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2,742.3 |
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3,096.0 |
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2,925.7 |
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Level 2 |
Foreign currency contracts |
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3.6 |
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3.6 |
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6.5 |
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6.5 |
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Level 2 |
Interest rate swap contracts |
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8.0 |
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8.0 |
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— |
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— |
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Level 2 |
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