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Debt (Tables)

9 Months Ended

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.

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