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DEBT Debt (Tables) | 9 Months Ended
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Sep. 27, 2025
Debt Disclosure [Abstract] |
Schedule of Debt Table | The following table summarizes our outstanding debt obligations.
As of the Period Ended | September 27, 2025 |  | December 31, 2024
Commercial paper | $ | 414.6 |  |  | $ | 424.5 |
Current maturities of long-term debt | 2.8 |  |  | 2.6 |
Short-term loans | 0.6 |  |  | 0.5 |
Total short-term borrowings | 418.0 |  |  | 427.6 |
Non-current maturities of long-term debt | 577.7 |  |  | 232.6 |
Total debt | $ | 995.7 |  |  | $ | 660.2 |
Schedule of Short-Term Debt | Commercial Paper The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of September 27, 2025 and December 31, 2024.
As of the Period Ended | September 27, 2025 |  | December 31, 2024
Commercial Paper Outstanding - U.S. Program | $ | — |  |  | $ | 424.5 |
Commercial Paper Outstanding - Euro Program | 414.6 |  |  | — |
Total Commercial Paper Outstanding | $ | 414.6 |  |  | $ | 424.5 |
Weighted Average Interest Rate - U.S. Program | — | % |  | 4.80 | %
Weighted Average Interest Rate - Euro Program | 2.42% |  | N/A
Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.
Schedule of Maturities of Long-Term Debt | Total outstanding borrowings under the 2025 Term Loan Credit Agreement were $575.0, as of September 27, 2025. The following table provides the future maturities related to the outstanding balance as of September 27, 2025.
2025 |  | — |
2026 |  | — |
April 2027 |  | $ | 575.0 |
Total maturities |  | $ | 575.0 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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