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Borrowings (Tables)

12 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The components of borrowings were as follows:

(In millions)			December 29, 2024						December 31, 2023
Term Loan			$	2,282.7					$	2,420.2
Revolving Credit Facility			198.0						—
Financing lease obligation			7.9						0.4
Other short-term borrowings			—						1.6
Other long-term borrowings			—						0.4
Unamortized deferred financing costs			(5.5)						(8.0)
Total borrowings			2,483.1						2,414.6
Less: current portion			(341.8)						(139.8)
Long-term borrowings			$	2,141.3					$	2,274.8

Schedule of Interest Expense

The following table provides the detailed amounts within Interest expense, net for fiscal years ended 2024, 2023 and 2022:

			Fiscal Year Ended
(In millions)			2024						2023						2022
Term Loan			$	171.9					$	175.6					$	73.0
Revolving Credit Facility			16.4						3.3						1.5
Amortization of deferred financing costs			3.2						3.3						2.1
Derivative instruments and other			(25.4)						(29.1)						0.4
Interest income			(2.6)						(5.5)						(1.3)
Interest expense, net			$	163.5					$	147.6					$	75.7

Schedule of Maturities of Long-Term Debt

The following table provides a schedule of required future repayments of all borrowings outstanding as of December 29, 2024:

(In millions)
2025			$	341.8
2026			173.5
2027			1,973.3
2028			—
2029			—
Total			$	2,488.6

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