v3.26.1
DEBT Debt (Tables)
 6 Months Ended
Jul. 04, 2026
Debt Disclosure [Abstract]  
Schedule of Debt Table
The following table summarizes our outstanding debt obligations.
As of the Period EndedJuly 4,
2026		December 31, 2025
Commercial paper
$758.4 $258.0 
Current maturities of long-term debt
97.7 2.8 
Short-term loans
2.3 0.5 
Total short-term borrowings
858.4 261.3 
Non-current maturities of long-term debt
2,869.8 521.5 
Total debt
$3,728.2 $782.8 
Schedule of Commercial Paper
Commercial Paper
The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of July 4, 2026 and December 31, 2025.
As of the Period EndedJuly 4,
2026		December 31, 2025
Commercial Paper Outstanding - U.S. Program$284.7 $— 
Commercial Paper Outstanding - Euro Program473.7 258.0 
Total Commercial Paper Outstanding$758.4 $258.0 
Weighted Average Interest Rate - U.S. Program4.05%N.A
Weighted Average Interest Rate - Euro Program2.58%2.42%
Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.
Schedule of Maturities of Long-Term Debt
The following table provides the future maturities and associated interest rates related to the outstanding long-term debt as of July 4, 2026:
DescriptionMaturity DateInterest RateAmount
2025 Term Loan Credit Agreement2027-04-304.66%95.0 
2026 Delayed Draw Term Loan (DDTL)2028-03-024.79%2,875.0 
Other(a)(a)3.6 
Total maturities of long-term debt2,973.6 
Unamortized debt issuance costs(6.1)
Total long-term debt, net of issuance costs$2,967.5 
Less: Current maturities of long-term debt97.7 
Non-current maturities of long-term debt$2,869.8 
(a)Other long-term debt primarily includes indentures with the Italian government with maturity dates through 2029 and interest rates ranging between 0% and 3.85%.