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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Composition of long-term debt | Long-term debt consisted of the following (in millions):
|  | December 31,
|  | 2024 |  | 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 |  | 95.0 |  |  | 325.0 |
Other debt: |  |  |  |
Real estate related |  | 1,253.9 |  |  | 751.0 |
Finance leases |  | 311.4 |  |  | 272.7 |
Other |  | 19.0 |  |  | 8.8 |
Total other debt |  | 1,584.3 |  |  | 1,032.5 |
Total debt |  | 2,929.3 |  |  | 2,107.5 |
Less: unamortized debt issuance costs |  | 16.1 |  | 8.7
Less: current maturities |  | 175.3 |  | 109.4
Total long-term debt |  | $ | 2,737.9 |  |  | $ | 1,989.4 |
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 15 th, July 15 th
(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, |  |
2025 |  | $ | 176.2 |
2026 |  | 248.7 |
2027 |  | 331.5 |
2028 |  | 917.5 |
2029 |  | 309.0 |
Thereafter |  | 946.4 |
Total |  | $ | 2,929.3 |
Debt Instrument Redemption | 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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