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v3.23.1

Debt (Details) $ in Millions |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | ---
Aug. 02, 2022 | Mar. 30, 2021 USD ($) | Mar. 26, 2023 USD ($) | Mar. 29, 2021 | Apr. 24, 2020 USD ($)
Letters of credit |  |  |  |  |
Credit Agreement |  |  |  |  |
Term of letters of credit from the date of issuance |  |  | 1 year |  |
Letters of credit outstanding |  |  | $ 12.4 |  |
LIBOR |  |  |  |  |
Credit Agreement |  |  |  |  |
Derivative, Floor Interest Rate |  | 0.00% |  | 1.00% |
SOFR |  |  |  |  |
Credit Agreement |  |  |  |  |
Adjustment to interest rate | 0.10 |  |  |  |
Floor rate | 0.00% |  |  |  |
SOFR | Minimum |  |  |  |  |
Credit Agreement |  |  |  |  |
Interest rate added to base rate (as a percent) |  | 1.075% |  |  |
SOFR | Maximum |  |  |  |  |
Credit Agreement |  |  |  |  |
Interest rate added to base rate (as a percent) |  | 1.325% |  |  |
Credit Agreement |  |  |  |  |
Credit Agreement |  |  |  |  |
Unused and available credit under the credit agreement |  |  | 637.6 |  |
Credit Agreement | Letters of credit |  |  |  |  |
Credit Agreement |  |  |  |  |
Multi-currency borrowing capacity |  | $ 100.0 |  |  |
Letters of credit outstanding |  |  | $ 12.4 |  |
Base rate loans and swing line loans |  |  |  |  |
Credit Agreement |  |  |  |  |
Minimum base rate (as a percent) |  | 1.00 |  |  |
Base rate loans and swing line loans | SOFR |  |  |  |  |
Credit Agreement |  |  |  |  |
Interest rate (as a percent) |  | 1.00% |  |  |
Base rate loans and swing line loans | Prime Rate |  |  |  |  |
Credit Agreement |  |  |  |  |
Interest rate (as a percent) |  | 0.50% |  |  |
Revolving credit facility |  |  |  |  |
Credit Agreement |  |  |  |  |
Multi-currency borrowing capacity |  | $ 800.0 |  |  | $ 800.0
Interest rate (as a percent) |  |  | 3.40% |  |
Weighted average interest rate (as a percent) |  |  | 5.88% |  |
Line of credit |  |  | $ 150.0 |  |
Revolving credit facility | SOFR |  |  |  |  |
Credit Agreement |  |  |  |  |
Adjustment to interest rate | 0.10 |  |  |  |
Floor rate | 0.00% |  |  |  |
Swing Line Loans |  |  |  |  |
Credit Agreement |  |  |  |  |
Multi-currency borrowing capacity |  | $ 15.0 |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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