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Debt (Tables) | 9 Months Ended
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Sep. 25, 2021
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of the dates indicated (in millions):
|  | September 25, 2021 |  | December 26, 2020 |  | September 26, 2020
1.75% Senior Notes due 2030 |  | $ | 650.0 |  |  | $ | 650.0 |  |  | $ | — |
3.70% Senior Notes due 2029 |  | 150.0 |  |  | 150.0 |  |  | 150.0 |
Senior Credit Facility: |  |  |  |  |  |
February 2016 Term Loan |  | — |  |  | — |  |  | 130.0 |
June 2017 Term Loan |  | — |  |  | — |  |  | 80.0 |
March 2020 Term Loan |  | — |  |  | — |  |  | 200.0 |
April 2020 Term Loan |  | — |  |  | — |  |  | 350.0 |
November 2020 Term Loan |  | 200.0 |  |  | 200.0 |  |  | — |
Revolving credit loans |  | — |  |  | — |  |  | — |
Total outstanding borrowings |  | 1,000.0 |  |  | 1,000.0 |  |  | 910.0 |
Less: unamortized debt discounts and issuance costs |  | (14.1) |  |  | (15.7) |  |  | (0.7) |
Total debt |  | 985.9 |  |  | 984.3 |  |  | 909.3 |
Less: current portion of long-term debt |  | — |  |  | — |  |  | (380.0) |
Long-term debt |  | $ | 985.9 |  |  | $ | 984.3 |  |  | $ | 529.3 |
Outstanding letters of credit |  | $ | 46.5 |  |  | $ | 48.7 |  |  | $ | 50.4 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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