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Debt (Tables)

9 Months Ended

Sep. 27, 2025

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of the dates indicated (in millions):

						September 27, 2025						December 28, 2024						September 28, 2024
5.25% Senior Notes						$	750.0					$	750.0					$	750.0
1.75% Senior Notes						650.0						650.0						650.0
3.70% Senior Notes (a)						150.0						150.0						150.0
Senior credit facilities:
Revolving Credit Facility						210.0						300.0						300.0
Total outstanding borrowings						1,760.0						1,850.0						1,850.0
Less: unamortized debt discounts and issuance costs						(15.8)						(18.0)						(18.8)
Total debt						1,744.2						1,832.0						1,831.2
Less: current portion of long-term debt						—						—						—
Long-term debt						$	1,744.2					$	1,832.0					$	1,831.2
Outstanding letters of credit						$	80.8					$	74.1					$	78.8

(a) Also referred to herein as the “Note Purchase Facility,” referring to the Note Purchase and Private Shelf Agreement dated as of August 14, 2017 by and among the Company, PGIM, Inc. and the noteholders party thereto, as amended through November 2, 2022, under which the notes were purchased.

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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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