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Debt (Tables)

3 Months Ended

Mar. 29, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt as of March 29, 2025 and December 31, 2024 consisted of the following:

(In millions)			March 29, 2025						December 31, 2024
Senior secured term loans B due 2029 at 4.71% (1)			$	750.0					$	750.0
Senior secured notes due 2029 at 4.75%			1,600.0						1,600.0
Senior unsecured notes due 2030 at 5.95%			895.0						895.0
Senior unsecured notes due 2029 at 3.625%			400.0						400.0
Senior unsecured notes due 2028 at 4.375%			400.0						400.0
Revolving facility due 2027 (2)			—						—
Total debt (par value)			4,045.0						4,045.0
Less: Unamortized discount and debt issuance costs			(60.5)						(63.9)
Total long-term debt, net			$	3,984.5					$	3,981.1

Schedule of Maturities of Long-term Debt

Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of March 29, 2025 were as follows:

(In millions)			Remaining 2025						2026						2027						2028						2029						Thereafter						Total
Long-term debt obligation maturities*			$	—					$	—					$	—					$	400.0					$	2,750.0					$	895.0					$	4,045.0

* Senior secured term loans B subject to Excess Cash Flow payments to the lenders.

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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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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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