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DEBT (Tables) | 9 Months Ended
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Sep. 27, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The Company’s debt as of September 27, 2025 and December 31, 2024 consisted of the following:
(In millions) | September 27, 2025 |  | December 31, 2024
Senior secured term loans B due 2029 at 5.01% (1) | $ | 600.0 |  |  | $ | 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) | 3,895.0 |  |  | 4,045.0 |
Less: Unamortized discount and debt issuance costs | (52.2) |  |  | (63.9) |
Total debt, net | 3,842.8 |  |  | 3,981.1 |
Less: Current portion of long-term debt | — |  |  | — |
Total long-term debt, net | $ | 3,842.8 |  |  | $ | 3,981.1 |
(1) The Company entered into a floating-to-fixed swap contract on its variable rate debt under our senior secured term loan facility due 2029 (the “Term Loan Facility”). The effective interest rate after consideration of this floating-to-fixed swap contract was 5.01%. Refer to Note 9 for a description of our interest rate swap contract. (2) Our senior secured revolving credit facility due 2027 (the “Revolving Facility”) bears interest at a rate per annum equal to, at the Company’s option, either (i) SOFR, plus an applicable margin of 1.75%, or (ii) a base rate plus an applicable margin of 0.75%. The Revolving Facility has commitments of $575.0 million. There were no borrowings outstanding under the Revolving Facility as of September 27, 2025 and December 31, 2024.
Schedule of Maturities of Long-term Debt | Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of September 27, 2025 were as follows:
(In millions) | Remaining 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter |  | Total
Long-term debt obligation maturities* | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 400.0 |  |  | $ | 2,600.0 |  |  | $ | 895.0 |  |  | $ | 3,895.0 |
* 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. + References No definition available. + Details
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