Financial Instruments (Tables)

3 Months Ended

Apr. 02, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The carrying costs, which are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of April 2, 2023, March 27, 2022 and December 25, 2022 are as follows:

	April 2, 2023			March 27, 2022			December 25, 2022
	Carrying Cost		Fair Value	Carrying Cost		Fair Value	Carrying Cost		Fair Value
3.90% Notes Due 2029	$	900.0	817.3	$	900.0	901.7	$	900.0	808.2
3.55% Notes Due 2026	675.0		634.2	675.0		677.2	675.0		635.3
3.00% Notes Due 2024	500.0		482.8	500.0		498.0	500.0		482.2
6.35% Notes Due 2040	500.0		501.7	500.0		604.2	500.0		498.4
3.50% Notes Due 2027	500.0		470.8	500.0		496.5	500.0		465.8
5.10% Notes Due 2044	300.0		261.2	300.0		321.7	300.0		261.1
6.60% Debentures Due 2028	109.9		112.8	109.9		125.4	109.9		112.1
Variable % Notes Due December 30, 2024	280.0		280.0	340.0		340.0	310.0		310.0
Production Financing Facilities	49.0		49.0	95.8		95.8	53.2		53.2
Total long-term debt	$	3,813.9	3,609.8	$	3,920.7	4,060.5	$	3,848.1	3,626.3
Less: Deferred debt expenses	22.5		—	27.0		—	23.7		—
Less: Current portion	109.0		—	155.8		—	113.2		—
Long-term debt	$	3,682.4	3,609.8	$	3,737.9	4,060.5	$	3,711.2	3,626.3

Schedule of Production Financing Loans

The production financing facilities as of April 2, 2023, March 27, 2022 and December 25, 2022 are as follows:

	April 2, 2023		March 27, 2022		December 25, 2022
Production financing facilities included in the consolidated balance sheet as:
Current liabilities	$	183.5	$	199.1	$	195.6

Schedule of Carrying Amount of Currencies for Production Financing Loans

The carrying amounts are denominated in the following currencies:

	Canadian Dollars		U.S. Dollars		Total
As of April 2, 2023	$	14.8	$	168.7	$	183.5

Schedule of Production Financing Loans

The following table represents the movements in production financing loans during the first quarter of 2023:

	Production Financing
December 25, 2022	$	195.6
Drawdowns	42.8
Repayments	(54.8)
Foreign exchange differences	(0.1)
Balance at April 2, 2023	$	183.5