Debt (Tables)

9 Months Ended

Sep. 28, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s debt as of September 28, 2024 and December 31, 2023 consisted of the following:

(In thousands)	September 28, 2024		December 31, 2023
Senior secured term loans B due 2029 at 4.71% (1)	900,000		1,373,774
Senior secured notes due 2029 at 4.75%	1,600,000		1,600,000
Senior unsecured notes due 2030 at 5.95%	895,000		895,000
Senior unsecured notes due 2029 at 3.625%	400,000		400,000
Senior unsecured notes due 2028 at 4.375%	400,000		400,000
Revolving facility due 2027 at 7.08% (2)	—		—
Total debt (par value)	4,195,000		4,668,774
Unamortized discount and debt issuance costs	69,310		91,633
Total debt, net	4,125,690		4,577,141
Less current portion of long-term debt	65,000		—
Total long-term debt, net	$	4,060,690	$	4,577,141

Schedule of Maturities of Long-term Debt

Annual maturities of long-term debt, excluding unamortized discount and debt issuance costs, due as of September 28, 2024 were as follows:

(In thousands)	Remaining 2024	2025	2026	2027	2028	Thereafter	Total
Long-term debt obligation maturities*	$65,000 (3)	—	—	—	400,000	3,730,000	$	4,195,000