v3.26.1
Debt
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt
11.
Debt
Debt was comprised of the following at the end of each period:
June 30, 2026December 31, 2025
Principal
Carrying Value
Principal
Carrying Value
Current maturities of long-term debt:
Term Loan due April 2031$15.0$15.0$15.0$15.0
Total current maturities of long-term debt$15.0 $15.0 $15.0 $15.0 
Long-term debt:

Term Loan due April 2031$1,458.8 $1,464.3 $1,466.3 $1,472.3 
8.50% Senior Secured Notes Due April 2031
1,000.0 1,054.3 1,000.01,060.0
Total long-term debt$2,458.8 $2,518.6 

$2,466.3 $2,532.3 
Total debt$2,473.8 $2,533.6 $2,481.3 $2,547.3 
Following the initial recognition at fair value, the Company accounts for its debt instruments utilizing the amortized cost method and amortizes the fair value premium to the principal amount over the term of the respective instruments as a reduction to interest expense on the Condensed Consolidated Statements of Operations.
Applicable interest rate
As of June 30, 2026, the applicable interest rate on the Company's debt instruments were as follows:
Applicable Interest Rate
Term Loan due April 20317.39 %
8.50% Senior Secured Notes due April 2031
8.50 %