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DEBT Debt (Tables) | 3 Months Ended
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Mar. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Debt Table | The following table summarizes our outstanding debt obligations.
As of the Period Ended | March 30, 2024 |  | December 31, 2023
Commercial paper(a) | $ | 319.6 |  |  | $ | 184.9 |
Current maturities of long-term debt | 2.3 |  |  | 2.3 |
Short-term loans | 0.8 |  |  | 0.5 |
Total short-term borrowings | 322.7 |  |  | 187.7 |
Non-current maturities of long-term debt(b) | 230.5 |  |  | 5.7 |
Total debt and finance leases | $ | 553.2 |  |  | $ | 193.4 |
(a) The associated weighted average interest rates as of March 30, 2024 and December 31, 2023 were 5.63% and 5.61% respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance. (b) Our long-term debt is primarily related to a term loan that we entered into in January, 2024 in connection with the acquisition of Svanehøj. See additional details in section titled, “Term Loan”, below.
Schedule of Maturities of Long-Term Debt | The following table provides the future maturities related to the outstanding balance as of March 30, 2024.
2024 |  | $ | — |
2025 |  | — |
2026 |  | — |
January 2027 |  | 226.7 |
Total maturities |  | $ | 226.7 |

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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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