v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s debt as of March 28, 2026 and December 31, 2025 consisted of the following:

(In millions)March 28, 2026December 31, 2025
Senior secured term loans B due 2029 at 5.43% (1)
$400.0 $450.0 
Senior secured notes due 2029 at 4.75%
1,600.0 1,600.0 
Senior unsecured notes due 2030 at 5.95%
895.0 895.0 
Senior unsecured notes due 2029 at 3.625%
400.0 400.0 
Senior unsecured notes due 2028 at 4.375%
400.0 400.0 
Revolving facility due 2027 (2)
— — 
Total debt (par value)3,695.0 3,745.0 
Less: Unamortized discount and debt issuance costs(43.8)(47.4)
Total debt, net3,651.2 3,697.6 
Less: Current portion of long-term debt— — 
Total long-term debt, net$3,651.2 $3,697.6 
(1) Our senior secured term loan due 2029 bears interest at a rate per annum equal to, at the Company’s option, either (i) SOFR, plus an applicable margin of 1.75%, or (ii) a base rate plus an applicable margin of 0.75%.
(2) Our senior secured revolving credit facility due 2027 (the “Revolving Facility”) bears interest at a rate per annum equal to, at the Company’s option, either (i) SOFR, plus an applicable margin of 1.75%, or (ii) a base rate plus an applicable margin of 0.75%. The Revolving Facility has commitments of $575.0 million as of March 28, 2026. There were no borrowings outstanding under the Revolving Facility as of March 28, 2026 and December 31, 2025.
Schedule of Maturities of Long-term Debt
Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of March 28, 2026 were as follows:
(In millions)Remaining 2026 2027202820292030ThereafterTotal
Long-term debt obligation maturities*
$— $— $400.0 $2,400.0 $895.0 $— $3,695.0 
* Senior secured term loans B subject to Excess Cash Flow payments to the lenders.