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Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Composition of Long-Term Debt

Long-term debt consisted of the following (in millions):

						December 31,
						2020						2019
4.00% Senior Notes due August 15, 2028						$	550.0					$	—
5.00% Senior Notes aggregate principal redeemed September 2, 2020						—						550.0
5.25% Senior Notes aggregate principal redeemed April 2, 2020						—						300.0
Acquisition Line						47.8						72.5
Other debt:
Real estate related						619.8						453.3
Finance leases						124.8						83.0
Other						20.0						42.8
Total other debt						764.6						579.1
Total debt						1,362.4						1,501.6
Less: unamortized discount						—						5.6
Less: unamortized debt issuance costs						11.0						4.8
Less: current maturities						56.7						59.1
Total long-term debt						$	1,294.7					$	1,432.1

The Company has the following Senior Notes outstanding as of December 31, 2020:

Description

Principal Amount (in millions)

Maturity Date

Effective Interest Rate (1)

Interest Payment Dates

4.00% Senior Notes

$550.0

August 15, 2028

4.21%

February 15th, August 15th

(1) The effective interest rate is after the impact of associated debt issuance costs.

Aggregate Annual Maturities of Long-Term Debt

The aggregate annual maturities of debt for the next five years, excluding debt issuance costs, are as follows (in millions):

						Total
Years Ended December 31,
2021						$	57.3
2022						70.1
2023						94.9
2024						144.9
2025						93.1
Thereafter						902.2
Total						$	1,362.4

Debt Redemption

The Company, at its option, may redeem some or all of the Senior Notes at the redemption prices (expressed as percentages of principal amount of the notes) set forth below, plus accrued and unpaid interest.

Redemption Period						Redemption Price
August 15, 2023						102.000%
August 15, 2024						101.333%
August 15, 2025						100.667%
August 15, 2026 and thereafter						100.000%

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