XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 24, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt and Finance Lease Obligations

Long-term debt, net and finance leases consists of the following:

			September 24, 2022						December 25, 2021
			(in thousands)
Revolving facility			$	1,429,154					$	1,161,431
4.25% Senior Notes due 2028			500,000						500,000
3.75% Senior Notes due 2029			500,000						500,000
4.00% Senior Notes due 2031			500,000						500,000
Other debt			239						368
Finance leases			29,428						27,223
Total debt and finance leases			2,958,821						2,689,022
Less:
Current portion of long-term debt			—						101
Current portion of finance leases			2,079						2,694
Current portion of long-term debt and finance leases			2,079						2,795
Long-term debt and finance leases			2,956,742						2,686,227
Debt discount and debt issuance costs			(19,686)						(22,663)
Long-term debt, net and finance leases			$	2,937,056					$	2,663,564

Schedule of Cross Currency Loans

The gains and losses incurred on these transactions were as follows:

						Three Months Ended												Nine Months Ended
						September 24, 2022						September 25, 2021						September 24, 2022						September 25, 2021						Affected Line Item in the Consolidated Statements of Income
						(in thousands)
Loss on foreign debt remeasurement						$	(16,006)					$	(4,417)					$	(46,529)					$	(22,680)					Other expense, net
Gain on foreign exchange forward contract						17,406						5,048						49,712						24,380						Interest expense

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration