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Debt (Tables) | 9 Months Ended
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Sep. 27, 2024
Debt Disclosure [Abstract] |
Schedule Of Debt | Debt consisted of the following:
|  |  |  | As of |
|  |  |  | Third Quarter of |  |  | Year End
Instrument |  | Date of Issuance |  | 2024 |  | 2023
(In millions) |  |  |  | Effective interest rate |  |  |  |  |
Senior Notes: |  |  |  |  |  |  |  |  |
Senior Notes, 4.75%, due December 2024 |  | November 2014 |  | 4.95% | $ | 400.0 |  |  |  | $ | 400.0 |  |
Senior Notes, 4.90%, due June 2028 |  | June 2018 |  | 5.04% | 600.0 |  |  |  | 600.0 |  |
Senior Notes, 6.10%, due March 2033 |  | March 2023 |  | 6.13% | 800.0 |  |  |  | 800.0 |  |
Credit Facilities: |  |  |  |  |  |  |  |  |
2022 Revolving Credit Facility, due March 2027 |  | September 2022 |  |  | — |  |  |  | 150.0 |  |
Term Loan, due April 2026 |  | April 2023 |  |  | — |  |  |  | 500.0 |  |
Term Loan, due April 2028 |  | April 2023 |  |  | — |  |  |  | 500.0 |  |
Uncommitted Credit Facilities, floating rate |  |  |  |  | — |  |  |  | 130.4 |  |
Unamortized discount and issuance costs |  |  |  |  | (9.8) |  |  |  | (13.8) |  |
Total debt |  |  |  |  | $ | 1,790.2 |  |  |  | $ | 3,066.6 |  |
Less: Short-term debt |  |  |  |  | 400.0 |  |  |  | 530.4 |  |
Long-term debt |  |  |  |  | $ | 1,390.2 |  |  |  | $ | 2,536.2 |  |
Schedule of Maturities of Long-term Debt | At the end of the third quarter of 2024, our debt maturities based on outstanding principal were as follows (in millions):
Year Payable |
2024 (Remaining) | $ | 400.0 |
2025 | — |
2026 | — |
2027 | — |
2028 | 600.0 |
Thereafter | 800.0 |
Total | $ | 1,800.0 |

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