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DEBT
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
DEBT DEBT
Long-term debt consisted of the following (in millions):
December 31,
20232022
4.00% Senior Notes due August 15, 2028
$750.0 $750.0 
Acquisition Line325.0 303.2 
Other debt:
Real estate related751.0 796.9 
Finance leases272.7 220.4 
Other8.8 22.3 
Total other debt1,032.5 1,039.6 
Total debt2,107.5 2,092.7 
Less: unamortized debt issuance costs8.710.2
Less: current maturities109.4130.3
Total long-term debt$1,989.4 $1,952.2 
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,
2024$109.9 
2025123.9 
2026198.9 
2027517.7 
2028878.1 
Thereafter278.9 
Total$2,107.5 
Acquisition Line
The proceeds of the Acquisition Line are used for working capital, general corporate and acquisition purposes. As of December 31, 2023, borrowings under the Acquisition Line, a component of the Revolving Credit Facility, totaled $325.0 million. The average interest rate on this facility was 5.66% as of December 31, 2023.
Real Estate Related
The Company has mortgage loans in the U.S. and the U.K. that are paid in installments. As of December 31, 2023, borrowings outstanding under these facilities totaled $751.0 million, gross of debt issuance costs, comprised of $620.3 million in the U.S. and $130.7 million in the U.K.
The Company’s mortgage loans are secured by real property owned by the Company. The carrying values of the related collateralized real estate as of December 31, 2023 and 2022 were $1,153.2 million and $1,215.7 million, respectively.
In February 2024, the Company entered into a master credit agreement with Wells Fargo Bank, National Association (the “Wells Fargo Credit Agreement”) with a maximum capacity of $250.0 million. The Wells Fargo Credit Agreement accrues interest at SOFR plus 175 basis points and matures on March 1, 2031.
Finance Leases
Refer to Note 11. Leases for further information regarding the Company’s finance leases.