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DEBT (Tables)
 9 Months Ended
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, 2025December 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, net3,842.8 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 2026202720282029ThereafterTotal
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.