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Debt and Finance Lease Obligations (Tables) | 6 Months Ended
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Jun. 28, 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):
| June 28, 2024 |  | December 29, 2023
Senior unsecured revolving credit facility (see Credit Facility below) | $ | 285.0 |  |  | $ | 400.0 |
Finance lease obligations | 6.8 |  |  | 7.5 |
Total debt and finance lease obligations | 291.8 |  |  | 407.5 |
Less: Current maturities | (1.4) |  |  | (1.4) |
Long-term debt and finance lease obligations | $ | 290.4 |  |  | $ | 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 June 28, 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 |  |  | $ | 465.0 |  |  |
Rabobank letter of credit facility | 364 days |  | June 12, 2025 |  | Varies |  | 25.0 |  |  | 17.8 |  |  |
Other working capital facilities | Varies |  | Varies |  | Varies |  | 31.2 |  |  | 16.5 |  |  |
|  | $ | 806.2 |  |  | $ | 499.3 |  |  |

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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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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