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DEBT | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
DEBT | DEBT Long-term debt consisted of the following (in millions):
|  | March 31, 2025 |  | December 31, 2024
4.00% Senior Notes due August 15, 2028 |  | $ | 750.0 |  |  | $ | 750.0 |
6.375% Senior Notes due January 15, 2030 |  | 500.0 |  |  | 500.0 |
Acquisition Line |  | 40.0 |  |  | 95.0 |
Other Debt: |  |  |  |
Real estate related |  | 1,227.0 |  |  | 1,253.9 |
Finance leases |  | 296.0 |  |  | 311.4 |
Other |  | 6.2 |  |  | 19.0 |
Total other debt |  | 1,529.2 |  |  | 1,584.3 |
Total debt |  | 2,819.2 |  |  | 2,929.3 |
Less: unamortized debt issuance costs |  | 15.8 |  | 16.1
Less: current maturities |  | 142.3 |  | 175.3
Total long-term debt |  | $ | 2,661.1 |  |  | $ | 2,737.9 |
Acquisition Line The proceeds of the Acquisition Line (as defined in Note 10. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of March 31, 2025, borrowings under the Acquisition Line, a component of the Revolvin g Credit Facility (as defined in Note 10. Floorplan Notes Payable), totaled $40.0 million. The average interest rate on this facility was 5.71% during the three months ended March 31, 2025. Real Estate Related The Company has mortgage loans in the U.S. and the U.K. that are paid in installments. As of March 31, 2025, borrowings outstanding under these facilities totaled $1,227.0 million, gross of debt issuance costs, comprised of $814.6 million in the U.S. and $412.4 million in the U.K., respectively.

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- Definition The entire disclosure for 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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