XML 76 R53.htm IDEA: XBRL DOCUMENT v3.25.2
DEBT (Narrative) (Details)
1 Months Ended 6 Months Ended
Mar. 18, 2025
USD ($)
shares
Feb. 28, 2023
USD ($)
day
$ / shares
Jun. 27, 2025
USD ($)
day
installment
$ / shares
$ / €
Jun. 28, 2024
USD ($)
Mar. 12, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]            
Proceeds from issuance of convertible notes, net of discount     $ 977,500,000 $ 0    
Debt discount and issuance costs     24,806,000     $ 10,841,000
Long-term debt     1,202,495,000     990,153,000
Outstanding borrowings     1,227,301,000     1,000,994,000
Standby Letters of Credit            
Debt Instrument [Line Items]            
Letters of credit outstanding amount     $ 5,300,000      
Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Debt instrument term     5 years      
Remaining borrowing capacity     $ 784,700,000      
Outstanding borrowings     $ 10,000,000      
Variable rate basis spread     0.10%      
Commitment fee on unused portion     0.15%      
Debt weighted average interest rate     7.75%      
Debt discount and issuance costs     $ 0     0
Long-term debt     10,000,000     126,000,000
Outstanding borrowings     $ 10,000,000     126,000,000
Line of Credit | Revolving Credit Facility | Minimum            
Debt Instrument [Line Items]            
Commitment fee on unused portion     0.15%      
Line of Credit | Revolving Credit Facility | Maximum            
Debt Instrument [Line Items]            
Commitment fee on unused portion     0.25%      
2028 Convertible Senior Notes | Capped Call Options            
Debt Instrument [Line Items]            
Conversion price (in dollars per share) | $ / shares   $ 108.59        
2028 Convertible Senior Notes | Convertible Debt            
Debt Instrument [Line Items]            
Debt principal payments   $ 500,000,000        
Stated interest rate   2.125%        
Loss on extinguishment of debt $ 46,700,000          
Debt instrument, repurchase amount 383,700,000          
Repayments of convertible debt $ 384,400,000          
Shares issued in conversion (in shares) | shares 1,553,806          
Debt discount and issuance costs     $ 1,886,000     9,539,000
Effective interest rate   2.76%        
Trading days | day   20        
Consecutive trading days | day   30        
Percentage of stock price   130.00%        
Conversion ratio   0.0114681        
Conversion price (in dollars per share) | $ / shares   $ 87.20 $ 150.96      
Redemption price, percentage   100.00%        
Long-term debt   $ 65,000,000 $ 114,415,000     490,455,000
Outstanding borrowings     116,301,000     499,994,000
Number of preceding days   2 days        
2028 Convertible Senior Notes | Convertible Debt | Measurement Period            
Debt Instrument [Line Items]            
Trading days | day   5        
Consecutive trading days | day   10        
Percentage of stock price   98.00%        
2028 Convertible Senior Notes | Convertible Debt | Capped Call Options            
Debt Instrument [Line Items]            
Number of common stock settled (in shares) | shares 436,963          
2030 Convertible Notes | Capped Call Options            
Debt Instrument [Line Items]            
Conversion price (in dollars per share) | $ / shares   $ 189.44        
Net proceeds from offering of convertible notes     71,000,000      
2030 Convertible Notes | Convertible Debt            
Debt Instrument [Line Items]            
Debt principal payments $ 1,000,000,000   $ 1,000,000,000   $ 1,500,000,000  
Stated interest rate 1.875%   1.875%      
Accordion feature, increase limit $ 125,000,000          
Proceeds from issuance of convertible notes, net of discount     $ 976,300,000      
Debt discount and issuance costs 23,700,000   $ 22,622,000     0
Unamortized discount 22,500,000          
Debt issuance costs $ 1,200,000          
Effective interest rate     2.38%      
Conversion ratio 0.0066243          
Conversion price (in dollars per share) | $ / shares     $ 150.96      
Redemption price, percentage   100.00%        
Threshold conversion holding percentage trigger | $ / €     0.25      
Long-term debt     $ 977,378,000     0
Outstanding borrowings     $ 1,000,000,000     0
2030 Convertible Notes | Convertible Debt | Calendar Quarter ended on June 30, 2025            
Debt Instrument [Line Items]            
Trading days | day     20      
Consecutive trading days | day     30      
Percentage of stock price     150.00%      
2030 Convertible Notes | Convertible Debt | Measurement Period            
Debt Instrument [Line Items]            
Trading days | installment     5      
Consecutive trading days | installment     10      
Percentage of stock price     98.00%      
2030 Convertible Notes | Convertible Debt | On or After March 20, 2028            
Debt Instrument [Line Items]            
Trading days | day     20      
Consecutive trading days | day     30      
Percentage of stock price     140.00%      
Term Loan A (TLA) Facility | Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity     $ 800,000,000      
Term Loan A (TLA) Facility | Line of Credit | Letter of Credit            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity     40,000,000      
Term Loan A (TLA) Facility | Line of Credit | Standby Letters of Credit            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity     $ 40,000,000      
Term Loan A (TLA) Facility | Term loan A            
Debt Instrument [Line Items]            
Debt instrument term     5 years      
Debt weighted average interest rate     5.67%      
Loss on extinguishment of debt     $ 900,000      
Debt discount and issuance costs     298,000     1,302,000
Long-term debt     100,702,000     373,698,000
Outstanding borrowings     $ 101,000,000     $ 375,000,000