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DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Composition of Long-term Debt

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

						September 30, 2024						December 31, 2023
4.00% Senior Notes due August 15, 2028						$	750.0					$	750.0
6.375% Senior Notes due January 15, 2030						500.0						—
Acquisition Line						168.7						325.0
Other Debt:
Real estate related						1,142.2						751.0
Finance leases						339.5						272.7
Other						7.6						8.8
Total other debt						1,489.4						1,032.5
Total debt						2,908.1						2,107.5
Less: unamortized debt issuance costs						17.0						8.7
Less: current maturities						196.0						109.4
Total long-term debt						$	2,695.1					$	1,989.4

6.375% Senior Notes Issuance

On July 30, 2024, the Company issued the following notes, at par:

Description

Principal Amount (in millions)

Maturity Date

Effective Interest Rate (1)

Interest Payment Dates

6.375% Senior Notes

$500.0

January 15, 2030

6.661%

January 15th, July 15th

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

Notes Redemptions

The Company, at its option, may redeem some or all of the 6.375% 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
July 15, 2026						103.188%
July 15, 2027						101.594%
July 15, 2028 and thereafter						100.000%

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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