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Long-Term Debt (Tables)

12 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-Term Debt (dollars in millions):			December 29, 2024						December 31, 2023
$1.20 billion credit facility due June 2029			$	—					$	—
Term loan due and repaid October 2024, variable rate of 6.71% at December 31, 2023, swapped to a Euro fixed rate of 0.61%			—						150.0
1.60% Fixed Rate Senior Notes due April 2026			450.0						450.0
2.25% Fixed Rate Senior Notes due April 2028			700.0						700.0
2.50% Fixed Rate Senior Notes due August 2030			485.0						485.0
2.75% Fixed Rate Senior Notes due April 2031			1,030.0						1,030.0
0.95% Fixed Rate Senior Notes due and repaid April 2024			—						450.0
Other debt			1.2						1.0
Debt discount and debt issuance costs			(17.2)						(21.1)
Total debt, net			2,649.0						3,244.9
Less: Current portion of long-term debt			(0.3)						(600.1)
Total long-term debt, net of current portion			$	2,648.7					$	2,644.8

Schedule of Maturities of Long-term Debt

Maturities of long-term debt as of December 29, 2024 (in millions):

Fiscal year
2025			$	0.4
2026			450.1
2027			—
2028			700.1
2029			0.1
Thereafter			1,515.5
Total principal payments			2,666.2
Debt issuance costs			(17.2)
Total debt			$	2,649.0

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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