XML 72 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Details)
€ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 29, 2018
USD ($)
Mar. 29, 2018
AUD ($)
Mar. 27, 2018
AUD ($)
Mar. 22, 2018
USD ($)
Aug. 21, 2017
USD ($)
Sep. 28, 2016
AUD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Mar. 31, 2018
AUD ($)
Mar. 31, 2018
EUR (€)
Mar. 31, 2018
CAD ($)
Mar. 26, 2018
Dec. 31, 2017
AUD ($)
Jul. 31, 2017
USD ($)
Debt                            
Capital stock of subsidiaries pledged to secure debt (as a percent)             66.00%   66.00% 66.00% 66.00%      
Debt covenants                            
Long-term Debt, Gross             $ 8,250,658 $ 7,129,511            
Long-term Debt             $ 8,158,071 7,043,271            
Number Of Cash Pools             2   2 2 2      
New Credit Agreement                            
Debt                            
Average interest rate (as a percent)             3.30%   3.30% 3.30% 3.30%      
New Credit Agreement | Minimum                            
Debt                            
Commitment fee percentage             0.25%              
New Credit Agreement | Maximum                            
Debt                            
Commitment fee percentage             0.40%              
Revolving Credit Facility                            
Debt                            
Repayments of Debt               807,000            
Accounts Receivable Securitization Program | Secured Debt                            
Debt                            
Maximum borrowing capacity                           $ 275,000
Effective interest rate (as a percent)             2.90%   2.90% 2.90% 2.90%      
Accounts Receivable from Securitization             $ 272,273              
QRS Cash Pool [Member]                            
Debt covenants                            
Cash pool agreement, net cash position             2,600 5,700            
Cash pool agreement, gross cash position             389,200 383,700            
Cash pool agreement, outstanding borrowings             $ 386,600 378,000            
Number Of Cash Pools Utilized To Manage Global Liquidity Requirements             1   1 1 1      
TRS Cash Pool [Member]                            
Debt covenants                            
Cash pool agreement, net cash position             $ 18,900 0            
Cash pool agreement, gross cash position             262,400 229,600            
Cash pool agreement, outstanding borrowings             $ 243,500 $ 229,600            
Credit Agreement                            
Debt                            
Capital stock of subsidiaries pledged to secure debt (as a percent)             66.00%   66.00% 66.00% 66.00%      
Debt covenants                            
Net total lease adjusted leverage ratio             5.6 5.0 5.6 5.6 5.6   5.0  
Net secured debt lease adjusted leverage ratio             2.4 1.6 2.4 2.4 2.4   1.6  
Bond leverage ratio, per indentures             5.8 5.8 5.8 5.8 5.8   5.8  
Fixed charge coverage ratio             2.2 2.1 2.2 2.2 2.2   2.1  
Credit Agreement | Minimum                            
Debt covenants                            
Fixed charge coverage ratio             1.5   1.5 1.5 1.5      
Credit Agreement | Maximum                            
Debt covenants                            
Net total lease adjusted leverage ratio             6.5   6.5 6.5 6.5      
Net secured debt lease adjusted leverage ratio             4.0   4.0 4.0 4.0      
Bond leverage ratio, per indentures             6.5   6.5 6.5 6.5      
Revolving Credit Facility                            
Debt                            
Letters of credit outstanding             $ 54,673              
Period of earnings before interest, taxes, depreciation, amortization and rent expense (EBITDAR) for calculation of remaining borrowing capacity             12 months              
Remaining amount available for borrowing under credit facility             $ 895,169              
Revolving Credit Facility | New Credit Agreement                            
Debt                            
Maximum borrowing capacity         $ 1,750,000                  
Optional additional commitments       $ 1,260,000                    
Average interest rate (as a percent)             3.30%   3.30% 3.30% 3.30%      
Fair Value             $ 800,158 $ 466,593            
Debt covenants                            
Long-term Debt, Gross             800,158 466,593            
Long-term Debt             $ 786,470 452,186            
Revolving Credit Facility | New Credit Agreement | Minimum                            
Debt                            
Effective interest rate (as a percent)             1.80%   1.80% 1.80% 1.80%      
Revolving Credit Facility | New Credit Agreement | Maximum                            
Debt                            
Effective interest rate (as a percent)             5.50%   5.50% 5.50% 5.50%      
Term Loan Facility | New Credit Agreement                            
Debt                            
Amount of quarterly installments based on the original principal (as a percentage)         3,125                  
Debt covenants                            
Long-term Debt, Gross         $ 250,000                  
Term Loan Facility | New Credit Agreement | USD                            
Debt covenants                            
Long-term Debt, Gross             $ 548,000              
Term Loan Facility | New Credit Agreement | Canada, Dollars                            
Debt covenants                            
Long-term Debt, Gross                     $ 179,000      
Term Loan Facility | New Credit Agreement | EUR                            
Debt covenants                            
Long-term Debt, Gross | €                   € 92,000        
Term Loan Facility | Term Loan A [Member]                            
Debt                            
Average interest rate (as a percent)             3.60%   3.60% 3.60% 3.60%      
Fair Value             $ 240,625 243,750            
Debt covenants                            
Long-term Debt, Gross             240,625 243,750            
Long-term Debt             240,625 243,750            
Term Loan Facility | Term Loan B [Member]                            
Debt                            
Fair Value             700,000 0            
Debt covenants                            
Long-term Debt, Gross             698,250 0            
Long-term Debt             $ 689,552 $ 0            
Loans Payable [Member] | Term Loan B [Member] | Term Loan Facility                            
Debt                            
Maximum borrowing capacity       $ 700,000                    
Effective interest rate (as a percent)             3.60%   3.60% 3.60% 3.60%      
Debt Instrument, Unamortized Discount             $ 1,750              
Stated interest rate (as a percent)       1.75%                    
Debt covenants                            
Par percentage                       99.75%    
Proceeds from issuance of debt             $ 689,850              
Principal payments       $ 1,750                    
Euro Notes 3 Percent due 2025 [Member]                            
Debt                            
Stated interest rate (as a percent)             3.00% 3.00% 3.00% 3.00% 3.00%   3.00%  
Fair Value             $ 366,014 $ 364,776            
Debt covenants                            
Long-term Debt, Gross             369,711 359,386            
Long-term Debt             $ 365,144 $ 354,695            
Senior Notes 4.875 Percent due 2027                            
Debt                            
Stated interest rate (as a percent)             4.875% 4.875% 4.875% 4.875% 4.875%   4.875%  
Fair Value             $ 927,500 $ 1,000,000            
Debt covenants                            
Long-term Debt, Gross             1,000,000 1,000,000            
Long-term Debt             $ 986,491 $ 986,134            
Senior Notes 5.375 Percent due 2026                            
Debt                            
Stated interest rate (as a percent)             5.375% 5.375% 5.375% 5.375% 5.375%   5.375%  
Fair Value             $ 240,313 $ 256,875            
Debt covenants                            
Long-term Debt, Gross             250,000 250,000            
Long-term Debt             $ 246,492 $ 246,385            
CAD 5.375 Percent Senior Notes due 2023 [Member]                            
Debt                            
Stated interest rate (as a percent)             5.375% 5.375% 5.375% 5.375% 5.375%   5.375%  
Fair Value             $ 196,482 $ 208,631            
Debt covenants                            
Long-term Debt, Gross             193,826 199,171            
Long-term Debt             $ 190,759 195,876            
Australian Dollar Term Loan [Member]                            
Debt                            
Amount of quarterly installments based on the original principal (as a percentage)     $ 8,750     $ 6,250                
Effective interest rate (as a percent)             5.90%   5.90% 5.90% 5.90%      
Debt Instrument, Unamortized Discount                 $ 2,231       $ 1,545  
Fair Value             $ 261,662 189,049 $ 340,625          
Debt covenants                            
Long-term Debt, Gross     $ 350,000     $ 250,000 259,431 187,504            
Par percentage           99.00%                
Net proceeds from sales of senior notes $ 75,621 $ 99,000                        
Long-term Debt             $ 255,670 $ 184,122            
Australian Dollar Term Loan [Member] | BBSY                            
Debt covenants                            
Basis spread on variable rate     3.90%     4.30%