v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 29, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
(dollars in millions)
As of
March 29, 2025
As of
December 28, 2024
Secured debt:
—2024 Dollar Term Loans due June 4, 2031$1,296.8 $1,300.0 
—2022 Dollar Term Loans due November 16, 2029562.0 563.5 
Unsecured debt:
—6.875% Dollar Senior Notes due July 1, 2029
500.0 500.0 
Total principal of debt2,358.8 2,363.5 
Deferred issuance costs(31.9)(33.2)
Accrued interest12.8 20.3 
Total carrying value of debt2,339.7 2,350.6 
Debt, current portion31.6 39.1 
Debt, less current portion$2,308.1 $2,311.5 
Weighted average interest rate6.24 %6.44 %
Schedule of Redemption Prices Plus Accrued and Unpaid Interest
Prior to July 1, 2026, we may redeem the Dollar Senior Notes due 2029, at our option, in whole at any time or in part from time to time, at a “make-whole” redemption price. In addition, on or subsequent to July 1, 2026, we may redeem the Dollar Senior Notes due 2029, at our option, in whole at any time or in part from time to time, at the following redemption prices (expressed as a percentage of the principal amount), plus accrued and unpaid interest to the redemption date:
Redemption price
On or subsequent to:
—July 1, 2026103.438 %
—July 1, 2027101.719 %
—July 1, 2028 and thereafter100.000 %