v3.25.1
Long-Term Debt (Tables)
 3 Months Ended
Apr. 04, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following (in millions, with annualized interest rates):
As of
April 4, 2025December 31, 2024
Revolving Credit Facility due 2028, interest payable monthly at 5.67% and 5.69%
$375.0 $375.0 
0.50% Notes due 2029 (1)
1,500.0 1,500.0 
0% Notes due 2027
804.9 804.9 
3.875% Notes due 2028 (2)
700.0 700.0 
Gross long-term debt3,379.9 3,379.9 
Less: Unamortized debt discount (3)
(3.1)(3.4)
Less: Unamortized debt issuance costs (4)
(28.5)(30.6)
 Net long-term debt$3,348.3 $3,345.9 

(1)Interest is payable on March 1 and September 1 of each year at 0.50% annually.
(2)Interest is payable on March 1 and September 1 of each year at 3.875% annually.
(3)Debt discount of $3.1 million and $3.4 million for the 3.875% Notes as of April 4, 2025 and December 31, 2024, respectively.
(4)Debt issuance costs of $20.5 million and $21.7 million for the 0.50% Notes, $6.9 million and $7.7 million for the 0% Notes and $1.1 million and $1.2 million for the 3.875% Notes, in each case as of April 4, 2025 and December 31, 2024, respectively.
Schedule of Expected Maturities of Gross Long-Term Debt
Expected maturities of gross long-term debt as of April 4, 2025 were as follows (in millions):
PeriodExpected Maturities
Remainder of 2025$— 
2026— 
2027804.9 
20281,075.0 
20291,500.0 
Thereafter— 
Total$3,379.9