v3.25.2
Financing (Tables)
 6 Months Ended
Jun. 27, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The Company had the following debt outstanding as of:
($ in millions)June 27, 2025December 31, 2024
Short-term borrowings:
Short-term borrowings and bank overdrafts$1.0 $2.3 
Long-term debt:
Three-Year Term Loans due 2028(a)
500.0 550.0 
1.800% senior unsecured notes due 2026
500.0 500.0 
2.400% senior unsecured notes due 2028
500.0 500.0 
2.950% senior unsecured notes due 2031
600.0 600.0 
Revolving Credit Facility due 2030— — 
Total long-term debt2,100.0 2,150.0 
Less: current portion of long-term debt(a)
(499.2)(50.0)
Less: discounts and debt issuance costs(7.3)(8.0)
Total long-term debt, net$1,593.5 $2,092.0 
(a) During February 2025, the Company repaid $50.0 million of the Three-Year Term Loans originally due 2025 and executed an amendment to extend the maturity date to February 2028. As of December 31, 2024, the Company classified $50.0 million and $500.0 million of the Three-Year Terms Loans originally due 2025 as a current liability and long-term liability, respectively, on the Consolidated Condensed Balance Sheets.