Financing (Tables)

6 Months Ended

Jul. 03, 2026

The Company had the following debt outstanding as of:


($ in millions)	July 3, 2026		December 31, 2025
Short-term borrowings:
364-day Term Loan due 2027(a)	$	299.7	$	—
Short-term borrowings and bank overdrafts	5.1		2.4
Total short-term borrowings	$	304.8	$	2.4

Long-term debt:
Three-Year Term Loans due 2028	$	500.0	$	500.0
1.800% senior unsecured notes due 2026	—		500.0
2.400% senior unsecured notes due 2028	500.0		500.0
2.950% senior unsecured notes due 2031	600.0		600.0
Revolving Credit Facility due 2030	—		—
Total long-term debt	1,600.0		2,100.0
Less: current portion of long-term debt	—		(499.8)
Less: discounts and debt issuance costs	(4.8)		(6.0)
Total long-term debt, net	$	1,595.2	$	1,594.2

(a) The 364-day Term Loan due 2027 is presented net of unamortized debt issuance costs.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details