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Notes and Contracts Payable (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Notes and Contracts Payable

		December 31,
		2024				2023
		(dollars in millions)
5.45% senior unsecured notes due September 30, 2034, effective interest rate of    5.49%		$	450.0			$	—
2.40% senior unsecured notes due August 15, 2031, effective interest rate of 2.44%			650.0				650.0
4.00% senior unsecured notes due May 15, 2030, effective interest rate of 4.05%			450.0				450.0
4.60% senior unsecured notes due November 15, 2024, effective interest rate of      4.60%			—				300.0
Other notes and contracts payable with maturities through 2029, weighted    -average interest rates of 3.77% and 3.41%			11.0				4.2
			1,561.0				1,404.2
Unamortized discounts and debt issuance costs			(14.4	)			(10.3	)
		$	1,546.6			$	1,393.9

Aggregate Annual Maturities of Notes and Contracts Payable

The aggregate annual maturities for notes and contracts payable for the next five years and thereafter are summarized as follows:

Year		Annual maturities
		(in millions)
2025		$	3.5
2026			3.2
2027			2.1
2028			2.0
2029			0.2
Thereafter			1,550.0
		$	1,561.0

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- References

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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