Debt (Tables)

6 Months Ended

Jul. 04, 2025

Debt consisted of the following:


		As of
		Second Quarter of				Year End
Instrument	Date of Issuance	2025			2024
(In millions)		Effective interest rate
Senior Notes:
Senior Notes, 4.90%, due June 2028	June 2018	5.04%	$	600.0		$	600.0
Senior Notes, 6.10%, due March 2033	March 2023	6.13%	800.0			800.0
Credit Facilities:
2022 Revolving Credit Facility, due March 2027	September 2022	5.54%	50.0			—


Uncommitted Credit Facilities, floating rate		5.60%	71.0			—

Unamortized discount and issuance costs			(8.6)			(9.4)
Total debt			$	1,512.4		$	1,390.6
Less: Short-term debt			71.0			—
Total long-term debt			$	1,441.4		$	1,390.6

Schedule of Debt Maturities Based on Outstanding Principal

At the end of the second quarter of 2025, our debt maturities based on the outstanding principal amounts were as follows (in millions):


Year Payable
2025 (Remaining)	$	71.0
2026	—
2027	50.0
2028	600.0
2029	—
Thereafter	800.0
Total	$	1,521.0

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details