XML 60 R40.htm IDEA: XBRL DOCUMENT
v3.24.0.1

DEBT AND OTHER FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt, Net | Long-term debt, net and finance leases consists of the following:
| December 30, 2023 |  | December 31, 2022
| (in thousands)
Revolving facility | $ | 1,129,243 |  |  | $ | 1,197,586 |
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 | 9,575 |  |  | 1,594 |
Finance leases | 28,550 |  |  | 30,646 |
Total debt and finance leases | 2,667,368 |  |  | 2,729,826 |
Less: |  |  |
Current portion of long-term debt | 3,172 |  |  | 1,347 |
Current portion of finance leases | 2,398 |  |  | 2,330 |
Current portion of long-term debt and finance leases | 5,570 |  |  | 3,677 |
Long-term debt and finance leases | 2,661,798 |  |  | 2,726,149 |
Debt discount and debt issuance costs | (14,651) |  |  | (18,618) |
Long-term debt, net and finance leases | $ | 2,647,147 |  |  | $ | 2,707,531 |
Schedule of Derivative Instruments on Statements of Income | The gains and losses incurred on these transactions were as follows:
|  |  |  | December 31, 2022 |  | December 25, 2021 |  | Affected Line Item in the Consolidated Statements of Income
|  |  |  | (in thousands) |  | (in thousands) |  |
Gain (loss) on foreign exchange forward contract |  |  |  | $ | 49,712 |  |  | $ | 34,131 |  |  | Interest expense
Gain (loss) on foreign debt remeasurement |  |  |  | (46,529) |  |  | (31,830) |  |  | Other income (expense)
The Company did not have any U.S. dollar denominated loans borrowed by a non-U.S. Euro functional currency entity under the Credit Facility during fiscal year 2023.
Schedule of Principal Maturities of Existing Debt | Principal maturities of existing debt for the periods set forth in the table below, are as follows:
| Principal
| (in thousands)
2024 | $ | 3,172 |
2025 | 589 |
2026 | 1,129,772 |
2027 | 1,947 |
2028 | 501,947 |
Thereafter | 1,001,391 |
Total | $ | 2,638,818 |

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 -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration