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FINANCIAL INSTRUMENTS AND FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values of Liabilities

A summary of the carrying values and fair values of our subordinated long-term debt notes and our mortgage notes payable bearing interest at fixed rates is as follows:

			As of
			June 30, 2025						December 31, 2024
			(In millions)
Carrying Value:
4.50% Senior Notes due 2028			$	403.7					$	403.4
4.625% Senior Notes due 2029			792.6						791.9
4.75% Senior Notes due 2030			443.0						442.8
5.00% Senior Notes due 2032			593.5						593.0
Mortgage notes payable bearing interest at fixed rates			28.4						29.6
Total carrying value			$	2,261.1					$	2,260.6
Fair Value:
4.50% Senior Notes due 2028			$	397.9					$	385.8
4.625% Senior Notes due 2029			772.0						742.0
4.75% Senior Notes due 2030			429.4						412.7
5.00% Senior Notes due 2032			570.0						546.0
Mortgage notes payable bearing interest at fixed rates			28.2						29.3
Total fair value			$	2,197.5					$	2,115.8

Schedule of Derivative Instruments

The following table provides information on the attributes of each swap as of June 30, 2025:

Inception Date						Notional Principal at Inception						Notional Value as of June 30, 2025						Notional Principal at Maturity						Maturity Date
						(In millions)
January 2022						$	300.0					$	251.3					$	228.8					December 2026
January 2022						$	250.0					$	250.0					$	250.0					December 2031
May 2021						$	184.4					$	154.9					$	110.6					May 2031
July 2020						$	93.5					$	68.4					$	50.6					December 2028
July 2020						$	85.5					$	60.0					$	57.3					November 2025

Schedule of Derivative Instruments Fair Value

The following table provides information regarding the fair value of our interest rate swap agreements and the impact on the condensed consolidated balance sheets:

			As of
			June 30, 2025						December 31, 2024
			(In millions)
Other current assets			$	17.1					$	20.3
Other long-term assets			37.3						56.3
Total fair value			$	54.4					$	76.6

Schedule of Derivative Instruments Effect on Accumulated Other Comprehensive Income

Information about the effects of our interest rate swap agreements in the accompanying condensed consolidated statements of income and condensed consolidated statements of comprehensive income, is as follows (in millions):

For the Three Months Ended June 30,						Results Recognized in Accumulated Other Comprehensive Income/(Loss) (Effective Portion)						Location of Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings						Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings
2025						$	(2.4)					Other interest expense, net						$	(6.1)
2024						$	8.1					Other interest expense, net						$	(8.7)

For the Six Months Ended June 30,						Results Recognized in Accumulated Other Comprehensive Income/(Loss) (Effective Portion)						Location of Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings						Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings
2025						$	(9.9)					Other interest expense, net						$	(12.3)
2024						$	27.2					Other interest expense, net						$	(17.8)

Schedule of Fair Value, Assets Measured on Recurring and Nonrecurring Basis

The table below presents the Company’s investment securities that are measured at fair value on a recurring basis aggregated by the level in the fair value hierarchy within which those measurements fall:

			As of June 30, 2025
			Level 1						Level 2						Level 3						Total
			(In millions)
Cash equivalents			$	13.6					$	—					$	—					$	13.6
Short-term investments			0.6						2.2						—						2.8
U.S. Treasury			1.8						—						—						1.8
Municipal			—						4.9						—						4.9
Corporate			0.3						169.6						—						169.9
Mortgage and other asset-backed securities			—						208.9						—						208.9
Total			$	2.7					$	385.6					$	—					$	388.3

			As of December 31, 2024
			Level 1						Level 2						Level 3						Total
			(In millions)
Cash equivalents			$	12.7					$	—					$	—					$	12.7
Short-term investments			3.5						10.9						—						14.4
U.S. Treasury			2.6						—						—						2.6
Municipal			—						10.6						—						10.6
Corporate			—						151.9						—						151.9
Mortgage and other asset-backed securities			—						169.1						—						169.1
Total			$	6.1					$	342.5					$	—					$	348.6

Schedule of Debt Securities, Available-for-Sale

Information about the effects of our available-for-sale debt securities in the accompanying condensed consolidated statements of income and condensed consolidated statements of comprehensive income, is as follows (in millions):

For the Three Months Ended June 30,						Results Recognized in Accumulated Other Comprehensive Income/(Loss) (Effective Portion)						Location of Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings						Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings
2025						$	1.3					Revenue-Finance and insurance, net						$	(0.1)
2024						$	(1.4)					Revenue-Finance and insurance, net						$	0.2

For the Six Months Ended June 30,						Results Recognized in Accumulated Other Comprehensive Income/(Loss) (Effective Portion)						Location of Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings						Results Reclassified from Accumulated Other Comprehensive Income/(Loss) to Earnings
2025						$	5.2					Revenue-Finance and insurance, net						$	—
2024						$	(4.0)					Revenue-Finance and insurance, net						$	0.3

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