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Debt and Finance Lease Obligations (Tables) | 9 Months Ended
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Sep. 29, 2023
Long-Term Debt and Lease Obligation [Abstract] |
Schedule of long-term debt and finance lease obligation | The following is a summary of long-term debt and finance lease obligations (U.S. dollars in millions):
| September 29, 2023 |  | December 30, 2022
Senior unsecured revolving credit facility (see Credit Facility below) | $ | 401.0 |  |  | $ | 539.8 |
Finance lease obligations | 7.6 |  |  | 8.6 |
Total debt and finance lease obligations | 408.6 |  |  | 548.4 |
Less: Current maturities | (1.4) |  |  | (1.3) |
Long-term debt and finance lease obligations | $ | 407.2 |  |  | $ | 547.1 |
Material terms of the credit facility and other working capital facilities | The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at September 29, 2023 (U.S. dollars in millions):
| Term |  | Maturity date |  | Interest rate |  | Borrowing limit |  | Available borrowings, net of letters of credit and bank guarantees |  |
Bank of America credit facility | 5 years |  | October 1, 2024 |  | 6.55% |  | $ | 900.0 |  |  | $ | 499.0 |  |  |
Rabobank letter of credit facility | 364 days |  | June 13, 2024 |  | Varies |  | 25.0 |  |  | 17.6 |  |  |
Other working capital facilities | Varies |  | Varies |  | Varies |  | 31.4 |  |  | 8.9 |  |  |
|  | $ | 956.4 |  |  | $ | 525.5 |  |  |

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- 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
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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