The carrying amounts, estimated fair values and valuation input levels of the Company’s debt instruments, interest rate swap contracts and foreign currency contracts as of June 30, 2025 and December 31, 2024, are as follows:
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June 30, 2025 |
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December 31, 2024 |
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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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$ |
5.5 |
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$ |
5.5 |
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$ |
— |
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$ |
— |
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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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$ |
630.2 |
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$ |
641.6 |
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$ |
561.4 |
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Level 2 |
5.00% senior notes due 2027 |
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750.0 |
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730.2 |
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750.0 |
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669.5 |
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Level 2 |
8.25% senior notes due 2027 |
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866.9 |
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860.6 |
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866.9 |
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826.8 |
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Level 2 |
9.50% senior secured notes due 2031 |
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1,000.0 |
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1,043.6 |
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1,000.0 |
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1,035.0 |
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Level 2 |
4.75% senior secured notes due 2029 |
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951.0 |
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928.5 |
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1,250.0 |
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1,117.2 |
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Level 2 |
6.00% senior secured notes due 2026 |
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— |
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— |
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1,500.0 |
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1,486.9 |
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Level 2 |
Senior secured term loan due 2029 |
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3,150.0 |
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3,193.3 |
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3,150.0 |
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3,189.4 |
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Level 2 |
Senior secured revolving credit facility |
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— |
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— |
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200.0 |
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190.0 |
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Level 2 |
Foreign currency contracts |
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— |
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— |
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3.4 |
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3.4 |
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Level 2 |
Interest rate swap contracts |
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3.7 |
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3.7 |
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2.4 |
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2.4 |
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Level 2 |
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