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DEBT AND OTHER FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
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Dec. 28, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt, Net | Long-term debt, net and finance leases consists of the following:
| December 28, 2024 |  | December 30, 2023
| (in thousands)
Revolving credit facility | $ | 714,948 |  |  | $ | 1,129,243 |
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 | 15,603 |  |  | 9,575 |
Finance leases | 28,444 |  |  | 28,550 |
Total debt and finance leases | 2,258,995 |  |  | 2,667,368 |
Less: |  |  |
Current portion of long-term debt | 155 |  |  | 3,172 |
Current portion of finance leases | 2,774 |  |  | 2,398 |
Current portion of long-term debt and finance leases | 2,929 |  |  | 5,570 |
Long-term debt and finance leases | 2,256,066 |  |  | 2,661,798 |
Debt discount and debt issuance costs | (15,861) |  |  | (14,651) |
Long-term debt, net and finance leases | $ | 2,240,205 |  |  | $ | 2,647,147 |
Schedule of Derivative Instruments on Statements of Income | The gains and losses incurred on these transactions were as follows:
|  |  |  |  |  | December 31, 2022 |  | Affected Line Item in the Consolidated Statements of Income
|  |  |  | (in thousands) |  |
Gain on foreign exchange forward contract |  |  |  |  |  | $ | 49,712 |  |  | Interest expense
Loss on foreign debt remeasurement |  |  |  |  |  | (46,529) |  |  | 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 years 2024 or 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:
Fiscal Year |  | Principal
|  | (in thousands)
2025 |  | $ | 800 |
2026 |  | 1,509 |
2027 |  | 2,826 |
2028 |  | 502,909 |
2029 |  | 1,217,932 |
Thereafter |  | 504,575 |
Total |  | $ | 2,230,551 |

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