v3.26.1
Debt (Tables)
 3 Months Ended
Apr. 03, 2026
Debt Disclosure [Abstract]  
Summary of Long-term Debt
Following is a summary of the Company’s debt:

(in thousands)Maturity
Date		Interest
Rate		Interest
Paid		Public/
Nonpublic		April 3,
2026		December 31,
2025
Senior notes(1)
10/10/20263.930%QuarterlyNonpublic$100,000 $100,000 
Term loan facility (the “Three-Year Term Loan Facility”)(2)
12/8/2028VariableMonthlyNonpublic900,000 900,000 
Senior bonds (the “2029 Senior Bonds”)(3)
6/1/20295.250%Semi-annuallyPublic700,000 700,000 
Revolving credit facility(4)
6/10/2029VariableVariesNonpublic— — 
Senior notes3/21/20303.960%QuarterlyNonpublic150,000 150,000 
Term loan facility (the “Five-Year Term Loan Facility”)(2)
12/6/2030VariableMonthlyNonpublic300,000 450,000 
Senior bonds (the “2034 Senior Bonds”)(5)
6/1/20345.450%Semi-annuallyPublic500,000 500,000 
Unamortized discount on senior bonds(3)(5)
Various(1,133)(1,201)
Debt issuance costs(11,719)(12,790)
Total debt2,637,148 2,786,009 
Less: Current portion of debt(1)
100,000 100,000 
Total long-term debt$2,537,148 $2,686,009 

(1)As of April 3, 2026 and December 31, 2025, the senior notes maturing in 2026 were classified as current portion of debt in the condensed consolidated balance sheets.
(2)The Term Loan Facilities (as defined below) were issued in connection with the financing of the Repurchase, as further discussed in Note 2.
(3)The 2029 Senior Bonds were issued at 99.843% of par.
(4)The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company.
(5)The 2034 Senior Bonds were issued at 99.893% of par.