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Long-term Debt | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Long-term Debt | Long-term Debt Our long-term debt outstanding consists of the following (in millions):
| June 30, 2024 |  | December 31, 2023
Credit Agreement— |  |  |
Advances under revolving credit facility | $ | — |  |  | $ | — |
Bonds payable— |  |  |
5.75% Senior Notes due 2025 | 349.0 |  |  | 348.5 |
4.50% Senior Notes due 2028 | 786.7 |  |  | 785.0 |
4.75% Senior Notes due 2030 | 782.8 |  |  | 781.5 |
4.625% Senior Notes due 2031 | 392.0 |  |  | 391.5 |
Other notes payable | 76.7 |  |  | 66.0 |
Finance lease obligations | 329.4 |  |  | 340.1 |
| 2,716.6 |  |  | 2,712.6 |
Less: Current portion | (32.5) |  |  | (24.8) |
Long-term debt, net of current portion | $ | 2,684.1 |  |  | $ | 2,687.8 |
The following chart shows scheduled principal payments due on long-term debt for the next five years and thereafter (in millions):
|  | Face Amount |  | Net Amount
July 1 through December 31, 2024 |  | $ | 12.7 |  |  | $ | 12.7 |
2025 |  | 387.4 |  |  | 386.3 |
2026 |  | 36.0 |  |  | 36.0 |
2027 |  | 43.2 |  |  | 43.2 |
2028 |  | 831.7 |  |  | 818.4 |
2029 |  | 40.5 |  |  | 40.5 |
Thereafter |  | 1,404.8 |  |  | 1,379.5 |
Total |  | $ | 2,756.3 |  |  | $ | 2,716.6 |
On July 15, 2024, we issued notice for redemption of $150 million of the outstanding principal balance of our 5.75% Senior Notes due 2025 (the “2025 Notes”). The associated redemption date will be August 15, 2024, and the redemption price will be 100.0% of par, plus accrued and unpaid interest pursuant to the terms of the 2025 Notes. We plan to use cash on hand to fund the redemption. As a result of this redemption, we expect to record an approximate $0.4 million loss on early extinguishment of debt in the third quarter of 2024.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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