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External Debt and Financing Arrangements (Tables)
12 Months Ended
Dec. 27, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Notes

The following table summarizes the carrying value of the Company's long-term debt, net of underwriting commissions, price discounts and debt issuance costs:

 (in millions)

 

 

 

 

 

 

 

Net Carrying Value

 

Coupon Rate

Principal Amount

 

 

Issuance Date

 

Maturity Date

 

December 27, 2025

 

 

December 28, 2024

 

4.000% Senior Notes

$

500.0

 

 

June 2015

 

June 2025

 

$

 

 

$

499.6

 

3.250% Senior Notes

$

700.0

 

 

September 2019

 

September 2029

 

 

697.2

 

 

 

696.5

 

4.000% Senior Notes

$

450.0

 

 

March 2022

 

March 2032

 

 

447.2

 

 

 

446.7

 

4.500% Senior Notes

$

450.0

 

 

March 2022

 

March 2052

 

 

436.9

 

 

 

436.4

 

5.875% Senior Notes

$

600.0

 

 

June 2023

 

June 2033

 

 

594.8

 

 

 

594.1

 

Total Senior Notes

 

 

 

 

 

 

 

$

2,176.1

 

 

$

2,673.3

 

Commercial Paper

 

 

 

 

 

 

 

 

368.8

 

 

 

 

Total Debt

 

 

 

 

 

 

 

$

2,544.9

 

 

$

2,673.3

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

499.6

 

Total long-term debt

 

 

 

 

 

 

 

$

2,544.9

 

 

$

2,173.7