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Financing Arrangements (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our credit facilities and long-term debt obligations are summarized as follows (in millions, except interest rates):
March 31,December 31,
Maturity DateInterest Rate20242023
Short-Term Credit Facilities
2023 U.S. ABL Credit FacilityMarch 16, 20285.33%$25.8 $26.3 
2022 Japan ABL Credit FacilityJanuary 25, 20250.85%26.4 28.4 
Total Principal Amount$52.2 $54.7 
Unamortized Debt Issuance Costs$4.2 $4.5 
Balance Sheet Location
Total Principal AmountAsset-based credit facilities$52.2 $54.7 
Unamortized Debt Issuance Costs - STPrepaid expenses$1.1 $1.1 
Unamortized Debt Issuance Costs - LTOther long-term assets3.1 3.4 
Total Unamortized Debt Issuance Costs$4.2 $4.5 
March 31,December 31,
Maturity DateInterest Rate20242023
Long-Term Debt and Credit Facilities
2023 Term Loan BMarch 16, 20308.33%$1,237.5 $1,240.6 
Convertible NotesMay 1, 20262.75%258.3 258.3 
Equipment NotesAugust 27, 2024 - December 21, 2027
2.36% - 5.93%
17.1 19.2 
Mortgage LoansJuly 1, 2033 - July 29, 2036
9.75% - 11.31%
45.2 45.4 
Financed Tenant ImprovementsFebruary 1, 20358.00%3.2 3.3 
Total Principal Amount$1,561.3 $1,566.8 
Less: Unamortized Debt Issuance Costs25.7 31.5 
Total Debt, net of Unamortized Debt Issuance Costs$1,535.6 $1,535.3 
Balance Sheet Location
Long-Term Debt - CurrentOther current liabilities$16.4 $17.1 
Long-Term Debt - Non-currentLong-term debt1,519.2 1,518.2 
Total Debt, net of Unamortized Debt Issuance Costs$1,535.6 $1,535.3 
Schedule of Interest Expense, Debt
Total interest and amortization expense related to our credit facilities and long-term debt obligations, which is included in “Interest expense, net” in the condensed consolidated statement of operations, is summarized as follows (in millions):
Three Months Ended March 31,
20242023
Short-Term Credit Facilities
2023 U.S. ABL Credit Facility$0.6 $3.7 
2022 Japan ABL Credit Facility0.1 0.1 
Total$0.7 $3.8 
Long-Term Debt and Credit Facilities
2023 Term Loan B$28.5 $4.7 
Convertible Notes1.8 1.8 
Equipment Notes0.2 0.2 
Financed Tenant Improvements0.1 — 
Mortgage Loans1.2 1.2 
Term Loan B— 8.6 
Topgolf Term Loan— 7.8 
Topgolf Revolving Credit Facility— 2.7 
Total$31.8 $27.0 
Summary of Borrowings, Availability, Interest Rate and Liquidity for Short-term Credit Facilities
The following table summarizes borrowings for the three months ended March 31, 2024, availability and interest rates for the trailing twelve months ended March 31, 2024, and consolidated available liquidity related to our short-term credit facilities as of the three months ended March 31, 2024. Consolidated available liquidity is comprised of cash on hand and amounts available under our 2023 U.S. ABL Credit Facility and 2022 Japan ABL Credit Facility, less outstanding letters of credit and outstanding borrowings.
(in millions, except interest rates)March 31, 2024
2023 U.S. ABL Credit Facility
Average borrowings$25.9 
Average availability$396.2 
Weighted average interest rate5.69 %
2022 Japan ABL Credit Facility
Total facility$39.6 
Net availability$13.2 
Consolidated Available Liquidity$719.7 
Schedule of Aggregate Amount of Maturities for Debt
The following table presents our combined aggregate amount of maturities for our long-term debt over the next five years and thereafter as of March 31, 2024.
(in millions)
Remainder of 2024$15.4 
202518.6 
2026276.4 
202715.5 
202813.7 
Thereafter1,221.7 
Total aggregate amount of maturities$1,561.3 
Less: Unamortized debt issuance costs25.7 
Total aggregate amount of maturities, net of unamortized debt issuance costs$1,535.6