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Long-Term Debt - (Tables) | 9 Months Ended
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Oct. 01, 2021
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | The Company's long-term debt consists of the following (annualized interest rates, dollars in millions):
| As of
| October 1, 2021 |  | December 31, 2020
Amended Credit Agreement: |  |  |
Revolving Credit Facility due 2024, interest payable monthly at —% and 1.90%, respectively | $ | — |  |  | $ | 700.0 |
Term Loan "B" Facility due 2026, interest payable monthly at 2.08% and 2.15%, respectively | 1,602.3 |  |  | 1,614.5 |
0% Notes due 2027 | 805.0 |  |  | — |
3.875% Notes due 2028 (1) | 700.0 |  |  | 700.0 |
1.625% Notes due 2023 (2) | 202.6 |  |  | 575.0 |
Gross long-term debt, including current portion | $ | 3,309.9 |  |  | $ | 3,589.5 |
Less: Debt discount (3) | (159.7) |  |  | (69.7) |
Less: Debt issuance costs (4) | (36.7) |  |  | (28.5) |
Net long-term debt, including current portion | $ | 3,113.5 |  |  | $ | 3,491.3 |
Less: Current portion of long-term debt | (203.0) |  |  | (531.6) |
Net long-term debt | $ | 2,910.5 |  |  | $ | 2,959.7 |
(1)Interest is payable on March 1 and September 1 of each year at 3.875% annually. (2)Interest is payable on April 15 and October 15 of each year at 1.625% annually. (3)Debt discount of $8.0 million and $9.0 million for the Term Loan "B" Facility, $131.5 million and zero for the 0% Notes, $6.0 million and $6.5 million for the 3.875% Notes, $14.2 million and $54.2 million for the 1.625% Notes, in each case as of October 1, 2021 and December 31, 2020, respectively. (4)Debt issuance costs of $18.5 million and $21.0 million for the Term Loan "B" Facility, $14.7 million and zero for the 0% Notes, $2.1 million and $2.3 million for the 3.875% Notes and $1.4 million and $5.2 million for the 1.625% Notes, in each case as of October 1, 2021 and December 31, 2020, respectively.
Schedule of Annual Maturities Relating To Long-Term Debt | Expected maturities of gross long-term debt (including current portion - see section regarding 1.625% Notes below) as of October 1, 2021 were as follows (in millions):
Period |  | Expected Maturities
Remainder of 2021 |  | $ | 206.8 |
2022 |  | 16.3 |
2023 |  | 16.3 |
2024 |  | 16.3 |
2025 |  | 16.3 |
Thereafter |  | 3,037.9 |
Total |  | $ | 3,309.9 |

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