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v3.25.1

INDEBTEDNESS - Summary of Debt Activity (Details) - USD ($) | 3 Months Ended | 31 Months Ended |  |
--- | --- | --- | --- | ---
Mar. 29, 2025 | Aug. 12, 2027 | Dec. 31, 2024 | Apr. 21, 2023
Debt |  |  |  |
Balance at the beginning of the period | $ 614,700,000 | $ 614,700,000 |  |
Borrowings | 528,600,000 |  |  |
Repayments | (183,100,000) |  |  |
Other | 100,000 |  |  |
Balance at the end of the period | 960,300,000 |  |  |
Less: short-term debt | 60,700,000 |  | $ 10,100,000 |
Less: current maturities of long-term debt | 27,600,000 |  | 27,600,000 |
Long-term debt | 872,000,000.0 |  | 577,000,000.0 |
Trade receivables financing arrangement |  |  |  |
Debt |  |  |  |
Balance at the beginning of the period | 9,000,000.0 | 9,000,000.0 |  |
Borrowings | 135,000,000.0 |  |  |
Repayments | (85,000,000.0) |  |  |
Other | 0 |  |  |
Balance at the end of the period | 59,000,000.0 |  |  |
Maximum borrowing capacity under financing arrangement | 100,000,000.0 |  |  |
Available borrowing capacity | 9,300,000 |  |  |
Other indebtedness |  |  |  |
Debt |  |  |  |
Balance at the beginning of the period | 2,300,000 | 2,300,000 |  |
Borrowings | 600,000 |  |  |
Repayments | (100,000) |  |  |
Other | 0 |  |  |
Balance at the end of the period | 2,800,000 |  |  |
Purchase card programs | 1,700,000 |  | 1,100,000 |
Finance lease, liability | 1,100,000 |  | 1,200,000 |
Revolving Credit Facility | Current Revolving SPX Facilities |  |  |  |
Debt |  |  |  |
Balance at the beginning of the period | 80,000,000.0 | 80,000,000.0 |  |
Borrowings | 393,000,000.0 |  |  |
Repayments | (98,000,000.0) |  |  |
Other | 0 |  |  |
Balance at the end of the period | 375,000,000.0 |  |  |
Term loan | Current SPX Term Loan Facilities |  |  |  |
Debt |  |  |  |
Balance at the beginning of the period | 523,400,000 | $ 523,400,000 |  |
Borrowings | 0 |  |  |
Repayments | 0 |  |  |
Other | 100,000 |  |  |
Balance at the end of the period | 523,500,000 |  |  |
Face amount of debt |  |  |  | $ 545,000,000.0
Unamortized debt issuance costs | $ 1,100,000 |  | $ 1,200,000 |
Term loan | Current SPX Term Loan Facilities | 2022 and 2023 | Forecast |  |  |  |
Debt |  |  |  |
Periodic payment (as a percent of principal) |  | 1.25% |  |

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