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DEBT AND OTHER FINANCING ARRANGEMENTS
 6 Months Ended
Jun. 27, 2026
Debt Disclosure [Abstract]  
DEBT AND OTHER FINANCING ARRANGEMENTS DEBT AND OTHER FINANCING ARRANGEMENTS
Long-term debt, net and finance leases consist of the following:
June 27, 2026December 27, 2025
(in thousands)
Revolving facility$1,120,293 $616,503 
4.25% Senior Notes due 2028
500,000 500,000 
3.75% Senior Notes due 2029
500,000 500,000 
4.00% Senior Notes due 2031
500,000 500,000 
Other debt7,240 7,842 
Finance leases 9,848 27,876 
Total debt and finance leases2,637,381 2,152,221 
Less:
Current portion of long-term debt5,460 166 
Current portion of finance leases1,166 3,228 
Current portion of long-term debt and finance leases6,626 3,394 
Long-term debt and finance leases2,630,755 2,148,827 
Debt discount and debt issuance costs(10,770)(12,467)
Long-term debt, net and finance leases$2,619,985 $2,136,360 
As of June 27, 2026 and December 27, 2025, the weighted average interest rate on the Company’s debt was 4.08% and 4.05%, respectively.
Revolving Credit Facility
The Company has a revolving credit facility (Credit Facility) that provides for up to $2.0 billion of multi-currency revolving credit. The Credit Facility has a maturity date of December 2029, with no required scheduled payment before that date. The interest rates applicable to the Credit Facility are equal to (A) for revolving loans denominated in U.S. dollars, at the Company’s option, either the base rate (which is the higher of (1) the prime rate, (2) the federal funds rate plus 0.50%, or (3) the one-month adjusted SOFR rate plus 1.0%) or the adjusted SOFR rate, (B) for revolving loans denominated in euros, the adjusted EURIBOR rate and (C) for revolving loans denominated in sterling, the daily simple SONIA rate, in each case, plus an interest rate margin based upon the Company’s leverage ratio.
Letters of Credit
As of June 27, 2026 and December 27, 2025, the Company had $21.7 million and $22.0 million, respectively, in outstanding letters of credit.