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DEBT | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
DEBT | DEBT Long-term debt consisted of the following (in millions):
|  | June 30, 2021 |  | December 31, 2020
4.00% Senior Notes due August 15, 2028 |  | $ | 550.0 |  |  | $ | 550.0 |
Acquisition Line |  | 76.1 |  |  | 47.8 |
Other Debt: |  |  |  |
Real estate related |  | 623.9 |  |  | 619.8 |
Finance leases |  | 122.4 |  |  | 124.8 |
Other |  | 19.3 |  |  | 20.0 |
Total other debt |  | 765.6 |  |  | 764.6 |
Total debt |  | 1,391.7 |  |  | 1,362.4 |
Less: unamortized debt issuance costs |  | 10.4 |  | 11.0
Less: current maturities |  | 59.4 |  | 56.7
Total long-term debt |  | $ | 1,322.0 |  |  | $ | 1,294.7 |
Acquisition Line The proceeds of the Acquisition Line (as defined in Note 9. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of June 30, 2021, borrowings under the Acquisition Line, a component of the Revolving Credit Facility (as defined in Note 9. Floorplan Notes Payable), totaled $76.1 million. The average interest rate on this facility was 1.05% during the three months ended June 30, 2021. Real Estate Related The Company has mortgage loans in the U.S., U.K. and Brazil that are paid in installments. As of June 30, 2021, borrowings outstanding under these facilities totaled $623.9 million, gross of debt issuance costs, comprised of $513.0 million in the U.S., $98.4 million in the U.K. and $12.6 million in Brazil.

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- Definition The entire disclosure for debt and capital lease obligations can be reported. 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. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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