v3.26.1
Long-Term Debt (Tables)
 6 Months Ended
Jul. 03, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following (in millions, with annualized interest rates):
As of
July 3, 2026December 31, 2025
Revolving Credit Facility due 2028$— $— 
0.50% Notes due 2029 (1)
1,500.0 1,500.0 
0% Notes due 2031
1,500.0 — 
0% Notes due 2027
804.9 804.9 
3.875% Notes due 2028 (2)
700.0 700.0 
Gross long-term debt4,504.9 3,004.9 
Less: Unamortized debt discount (3)
(1.9)(2.5)
Less: Unamortized debt issuance costs (4)
(43.6)(21.9)
Net long-term debt, including current maturities4,459.4 2,980.5 
Less: Current maturities(802.1)— 
 Net long-term debt$3,657.3 $2,980.5 

(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)Unamortized debt discount of $1.9 million and $2.5 million for the 3.875% Notes as of July 3, 2026 and December 31, 2025, respectively.
(4)Unamortized debt issuance costs of $14.1 million and $16.5 million for the 0.50% Notes, $26.0 million and $0.0 million for the 2031 0% Notes, $2.8 million and $4.5 million for the 0% Notes and $0.7 million and $0.9 million for the 3.875% Notes, in each case as of July 3, 2026 and December 31, 2025, respectively.
Schedule of Expected Maturities of Gross Long-Term Debt
Expected maturities of gross long-term debt (including current portion - see section below on 0% Notes due 2027) as of July 3, 2026 were as follows (in millions):
PeriodExpected Maturities
Remainder of 2026$804.9 
2027— 
2028700.0 
20291,500.0 
2030— 
Thereafter1,500.0 
Total$4,504.9