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Debt (Tables)

9 Months Ended

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.

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