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INDEBTEDNESS (Tables) | 9 Months Ended
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Sep. 27, 2025
Debt Disclosure [Abstract] |
Schedule of Debt Activity, Current and Noncurrent | The following summarizes our debt activity (both current and non-current) for the nine months ended September 27, 2025:
| December 31, 2024 |  | Borrowings |  | Repayments |  | Other (5) |  | September 27, 2025
Revolving loans(1) | $ | 80.0 |  |  | $ | 478.0 |  |  | $ | (558.0) |  |  | $ | — |  |  | $ | — |
Term loans(2) | 523.4 |  |  | 500.0 |  |  | (524.6) |  |  | 0.3 |  |  | 499.1 |
Trade receivables financing arrangement(3) | 9.0 |  |  | 280.0 |  |  | (289.0) |  |  | — |  |  | — |
Other indebtedness(4) | 2.3 |  |  | 0.6 |  |  | (0.5) |  |  | 0.1 |  |  | 2.5 |
Total debt | 614.7 |  |  | $ | 1,258.6 |  |  | $ | (1,372.1) |  |  | $ | 0.4 |  |  | 501.6 |
Less: short-term debt | 10.1 |  |  |  |  |  |  |  |  | 1.4 |
Less: current maturities of long-term debt | 27.6 |  |  |  |  |  |  |  |  | 0.4 |
Total long-term debt | $ | 577.0 |  |  |  |  |  |  |  |  | $ | 499.8 |
___________________________ (1)As noted below, we amended our senior credit agreement on September 9, 2025. The amendment extends the revolving credit facility through September 9, 2030. The revolving credit facilities are primarily used to provide liquidity for funding acquisitions, including related fees and expenses and were utilized as a funding mechanism for the KTS and Sigma & Omega acquisitions. In connection with the consummation of the underwritten public offering (refer to Note 14 for additional details), amounts then owing under our revolving credit facilities were fully repaid. (2)The term loan is repayable in quarterly installments equal to 0.625% of the initial term loan balance of $500.0, beginning in December 2026 and in each of the first three quarters of 2027, and 1.25% during the fourth quarter of 2027, all quarters of 2028 and 2029, and the first two quarters of 2030. The remaining balances are payable in full on September 9, 2030. Balances are net of unamortized debt issuance costs of $0.9 and $1.2 at September 27, 2025 and December 31, 2024, respectively. (3)Under this arrangement, we can borrow, on a continuous basis, up to $100.0, as available. Borrowings under this arrangement are collateralized by eligible trade receivables of certain of our businesses. At September 27, 2025, we had $86.1 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $0.0. (4)Primarily includes balances under a purchase card program of $1.4 and $1.1 and finance lease obligations of $1.1 and $1.2 at September 27, 2025 and December 31, 2024, respectively. The purchase card program allows for payment beyond the normal payment terms for goods and services acquired under the program. As this arrangement extends the payment of these purchases beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt. (5)“Other” includes the capitalization and amortization of debt issuance costs incurred in connection with the term loan.
Schedule of Line of Credit Facilities | The applicable per annum fees and interest rate margins are as follows:
Consolidated Leverage Ratio |  | Revolving Commitment Fee |  | Financial Letter of Credit Fee |  | Foreign Credit Instrument (FCI) Commitment Fee |  | FCI Fee and Non-Financial Letter of Credit Fee |  | Term SOFR Loans/Alternative Currency Loans |  | ABR Loans
Less than 0.75 to 1.0 |  | 0.200 | % |  | 1.250 | % |  | 0.200 | % |  | 0.750 | % |  | 1.250 | % |  | 0.250 | %
Greater than or equal to 0.75 to 1.0 but less than 2.00 to 1.0 |  | 0.225 | % |  | 1.375 | % |  | 0.225 | % |  | 0.800 | % |  | 1.375 | % |  | 0.375 | %
Greater than or equal to 2.00 to 1.0 but less than 3.00 to 1.0 |  | 0.250 | % |  | 1.500 | % |  | 0.250 | % |  | 0.875 | % |  | 1.500 | % |  | 0.500 | %
Greater than or equal to 3.00 to 1.0 |  | 0.275 | % |  | 1.750 | % |  | 0.275 | % |  | 1.000 | % |  | 1.750 | % |  | 0.750 | %

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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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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to 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. + 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(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: 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)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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