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Financial Instruments (Tables) | 3 Months Ended
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Mar. 28, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The carrying costs, which are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of March 28, 2021, March 29, 2020 and December 27, 2020 are as follows:
| March 28, 2021 |  | March 29, 2020 |  | December 27, 2020
| Carrying Cost |  | Fair Value |  | Carrying Cost |  | Fair Value |  | Carrying Cost |  | Fair Value
3.90% Notes Due 2029 | $ | 900.0 |  |  | 961.9 |  |  | $ | 900.0 |  |  | 774.5 |  |  | $ | 900.0 |  |  | 1,011.2 |
3.55% Notes Due 2026 | 675.0 |  |  | 731.2 |  |  | 675.0 |  |  | 641.6 |  |  | 675.0 |  |  | 752.7 |
3.00% Notes Due 2024 | 500.0 |  |  | 533.9 |  |  | 500.0 |  |  | 480.6 |  |  | 500.0 |  |  | 540.6 |
6.35% Notes Due 2040 | 500.0 |  |  | 639.6 |  |  | 500.0 |  |  | 498.2 |  |  | 500.0 |  |  | 636.5 |
3.50% Notes Due 2027 | 500.0 |  |  | 535.8 |  |  | 500.0 |  |  | 465.4 |  |  | 500.0 |  |  | 544.5 |
2.60% Notes Due 2022 | 300.0 |  |  | 309.6 |  |  | 300.0 |  |  | 295.3 |  |  | 300.0 |  |  | 311.5 |
5.10% Notes Due 2044 | 300.0 |  |  | 333.8 |  |  | 300.0 |  |  | 251.7 |  |  | 300.0 |  |  | 338.1 |
3.15% Notes Due 2021 (1) | — |  |  | — |  |  | 300.0 |  |  | 299.9 |  |  | 300.0 |  |  | 302.3 |
6.60% Debentures Due 2028 | 109.9 |  |  | 134.4 |  |  | 109.9 |  |  | 122.6 |  |  | 109.9 |  |  | 137.4 |
Variable % Notes Due December 30, 2022 | 300.0 |  |  | 300.0 |  |  | 400.0 |  |  | 400.0 |  |  | 300.0 |  |  | 300.0 |
Variable % Notes Due December 30, 2024 | 570.0 |  |  | 570.0 |  |  | 600.0 |  |  | 600.0 |  |  | 577.5 |  |  | 577.5 |
Production Financing Facilities | 201.8 |  |  | 201.8 |  |  | 175.6 |  |  | 175.6 |  |  | 165.5 |  |  | 165.5 |
Total long-term debt | $ | 4,856.7 |  |  | 5,252.0 |  |  | $ | 5,260.5 |  |  | 5,005.4 |  |  | $ | 5,127.9 |  |  | 5,617.8 |
Less: Deferred debt expenses | 33.7 |  |  | — |  |  | 39.7 |  |  | — |  |  | 35.3 |  |  | — |
Less: Current portion | 148.9 |  |  | — |  |  | 64.5 |  |  | — |  |  | 432.6 |  |  | — |
Long-term debt | $ | 4,674.1 |  |  | 5,252.0 |  |  | $ | 5,156.3 |  |  | 5,005.4 |  |  | $ | 4,660.0 |  |  | 5,617.8 |
(1) During the first quarter of 2021 the Company repaid in full its 3.15% Notes, in the aggregate amount of $300.0 million due in May 2021.
Production Financing Loans | The production financing facilities as of March 28, 2021, March 29, 2020 and December 27, 2020 are as follows:
| March 28, 2021 |  | March 29, 2020 |  | December 27, 2020
Production financing held by production subsidiaries | $ | 201.8 |  |  | $ | 175.6 |  |  | $ | 165.5 |
Other loans (1) | 7.9 |  |  | 9.4 |  |  | 5.4 |
Total | $ | 209.7 |  |  | $ | 185.0 |  |  | $ | 170.9 |
Production financing included in the consolidated balance sheet as: |  |  |  |  |
Non-current | $ | 82.9 |  |  | $ | 141.1 |  |  | $ | 62.9 |
Current | 118.9 |  |  | 34.5 |  |  | 102.6 |
Total | $ | 201.8 |  |  | $ | 175.6 |  |  | $ | 165.5 |
(1) Other loans consist of production related demand loans, and are recorded within Short-term Borrowings in the Company's consolidated balance sheets.
Carrying Amount of Currencies for Production Credit Facilities | The carrying amounts are denominated in the following currencies:
| Canadian Dollars |  | U.S. Dollars |  | Total
As of March 28, 2021 | $ | 52.1 |  |  | 149.7 |  |  | $ | 201.8 |
Schedule of Production and Financing Loan and Other Loans | The following table represents the movements in production financing and other related loans during the first quarter of 2021:
| Production Financing |  | Other Loans |  | Total
December 27, 2020 | $ | 165.5 |  |  | 5.4 |  |  | $ | 170.9 |
Drawdowns | 72.4 |  |  | 9.9 |  |  | 82.3 |
Repayments | (37.4) |  |  | (7.8) |  |  | (45.2) |
Foreign exchange differences | 1.3 |  |  | 0.4 |  |  | 1.7 |
Balance at March 28, 2021 | $ | 201.8 |  |  | 7.9 |  |  | $ | 209.7 |

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