INDEBTEDNESS (Tables)

6 Months Ended

Jun. 27, 2026

Schedule of Debt Activity, Current and Noncurrent

The following summarizes our debt activity (both current and non-current) for the six months ended June 27, 2026:


	December 31, 2025		Borrowings		Repayments		Other (5)		June 27, 2026
Revolving loans (1)	$	—	$	214.9	$	(174.9)	$	—	$	40.0
Term loan (2)	499.1		—		—		0.1		499.2




Trade receivables financing arrangement (3)	—		282.0		(209.0)		—		73.0
Other indebtedness (4)	2.5		0.2		(0.3)		0.1		2.5
Total debt	501.6		$	497.1	$	(384.2)	$	0.2	614.7


Less: short-term debt	1.4								74.3
Less: current maturities of long-term debt	3.5								9.9
Total long-term debt	$	496.7							$	530.5

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(1)The revolving credit facility extends to September 2030 under the terms of the agreement governing our senior credit facilities and is primarily used to provide liquidity for funding acquisitions, including related fees and expenses, and was utilized as a partial funding mechanism for the Crawford acquisition.

(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 the first three quarters of 2027, and 1.25% during the fourth quarter of 2027, and all quarters of 2028 and 2029, and the first two quarters of 2030. The remaining balance is payable in full on September 9, 2030. The balance is net of unamortized debt issuance costs of $0.8 and $0.9 at June 27, 2026 and December 31, 2025, 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 June 27, 2026, we had $8.0 of available borrowing capacity under this facility after giving effect to outstanding borrowings of $73.0.

(4)Primarily includes balances under a purchase card program of $1.3 and $1.4 and finance lease obligations of $1.2 and $1.1 at June 27, 2026 and December 31, 2025, 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 impact of amortization of debt issuance costs associated with the term loan.