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Debt (Tables) | 9 Months Ended
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Sep. 24, 2022
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of the dates indicated (in millions):
|  | September 24, 2022 |  | December 25, 2021 |  | September 25, 2021
1.75% Senior Notes due 2030 |  | $ | 650.0 |  |  | $ | 650.0 |  |  | $ | 650.0 |
3.70% Senior Notes due 2029 (a) |  | 150.0 |  |  | 150.0 |  |  | 150.0 |
Senior Credit Facility: |  |  |  |  |  |
November 2020 Term Loan |  | 200.0 |  |  | 200.0 |  |  | 200.0 |
Revolver |  | 90.0 |  |  | — |  |  | — |
Total outstanding borrowings |  | 1,090.0 |  |  | 1,000.0 |  |  | 1,000.0 |
Less: unamortized debt discounts and issuance costs |  | (12.1) |  |  | (13.6) |  |  | (14.1) |
Total debt |  | 1,077.9 |  |  | 986.4 |  |  | 985.9 |
Less: current portion of long-term debt |  | — |  |  | — |  |  | — |
Long-term debt |  | $ | 1,077.9 |  |  | $ | 986.4 |  |  | $ | 985.9 |
Outstanding letters of credit |  | $ | 55.8 |  |  | $ | 52.9 |  |  | $ | 46.5 |

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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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