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DEBT (Tables)

12 Months Ended

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 15th, July 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,
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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