Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2025

Long-Term Debt

Long-Term Debt (Table)

	September 30, 2025
			Net unamortized
			discount,
			premium and
			debt issuance		Carrying
	Principal		costs		amount
	(in millions)
3.1% notes payable, due 2026	$	350.0	$	(0.4)	$	349.6
4.111% notes payable, due 2028		400.0		(10.9)		389.1
3.7% notes payable, due 2029		500.0		(2.6)		497.4
2.125% notes payable, due 2030		600.0		(2.4)		597.6
5.375% notes payable, due 2033		400.0		(3.2)		396.8
6.05% notes payable, due 2036		505.6		(1.9)		503.7
4.625% notes payable, due 2042		300.0		(2.7)		297.3
4.35% notes payable, due 2043		300.0		(2.7)		297.3
4.3% notes payable, due 2046		300.0		(2.9)		297.1
5.5% notes payable, due 2053		300.0		(4.2)		295.8
Non-recourse mortgages and notes payable		3.0		(0.1)		2.9
Total long-term debt	$	3,958.6	$	(34.0)	$	3,924.6

	December 31, 2024
			Net unamortized
			discount,
			premium and
			debt issuance		Carrying
	Principal		costs		amount
	(in millions)
3.4% notes payable, due 2025	$	400.0	$	(0.2)	$	399.8
3.1% notes payable, due 2026		350.0		(0.7)		349.3
3.7% notes payable, due 2029		500.0		(3.1)		496.9
2.125% notes payable, due 2030		600.0		(2.8)		597.2
5.375% notes payable, due 2033		400.0		(3.5)		396.5
6.05% notes payable, due 2036		505.6		(2.0)		503.6
4.625% notes payable, due 2042		300.0		(2.7)		297.3
4.35% notes payable, due 2043		300.0		(2.8)		297.2
4.3% notes payable, due 2046		300.0		(2.9)		297.1
5.5% notes payable, due 2053		300.0		(4.3)		295.7
Secured credit facilities		21.8		—		21.8
Non-recourse mortgages and notes payable		3.0		(0.1)		2.9
Total long-term debt	$	3,980.4	$	(25.1)	$	3,955.3