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Debt and Finance Lease Obligations (Tables)

3 Months Ended

Mar. 29, 2024

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):

 

			March 29, 2024						December 29, 2023
Senior unsecured revolving credit facility (see Credit Facility below)			$	400.0					$	400.0
Finance lease obligations			7.2						7.5
Total debt and finance lease obligations			407.2						407.5
Less:  Current maturities			(1.4)						(1.4)
Long-term debt and finance lease obligations			$	405.8					$	406.1

Material terms of the credit facility and other working capital facilities

The following is a summary of the material terms of the 2024 Amended Credit Facility and other working capital facilities at March 29, 2024 (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						February 21, 2029						6.80%						$	750.0					$	350.0
Rabobank letter of credit facility			364 days						June 13, 2024						Varies						25.0						17.5
Other working capital facilities			Varies						Varies						Varies						30.7						11.9
																					$	805.7					$	379.4

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- References

No definition available.

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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.

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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

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