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Financial Instruments (Tables)
6 Months Ended
Jul. 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 July 2, 2023, June 26, 2022 and December 25, 2022 are as follows:
July 2, 2023June 26, 2022December 25, 2022
Carrying
Cost
Fair
Value
Carrying
Cost
Fair
Value
Carrying
Cost
Fair
Value
3.90% Notes Due 2029
$900.0 814.9 $900.0 833.9 $900.0 808.2 
3.55% Notes Due 2026
675.0 628.0 675.0 643.4 675.0 635.3 
3.00% Notes Due 2024
500.0 481.6 500.0 487.4 500.0 482.2 
6.35% Notes Due 2040
500.0 510.1 500.0 522.6 500.0 498.4 
3.50% Notes Due 2027
500.0 466.6 500.0 468.7 500.0 465.8 
5.10% Notes Due 2044
300.0 264.6 300.0 274.6 300.0 261.1 
6.60% Debentures Due 2028
109.9 116.4 109.9 118.9 109.9 112.1 
Variable % Notes Due December 30, 2024 265.0 265.0 340.0 340.0 310.0 310.0 
Production Financing Facilities9.4 9.4 77.0 77.0 53.2 53.2 
Total long-term debt$3,759.3 3,556.6 $3,901.9 3,766.5 $3,848.1 3,626.3 
Less: Deferred debt expenses21.4 — 25.9 — 23.7 — 
Less: Current portion69.4 — 137.0 — 113.2 — 
Long-term debt$3,668.5 3,556.6 $3,739.0 3,766.5 $3,711.2 3,626.3 
Schedule of Production Financing Loans The production financing facilities as of July 2, 2023, June 26, 2022 and December 25, 2022 are as follows:
July 2, 2023
June 26, 2022December 25, 2022
Production financing facilities included in the consolidated balance sheet as:
Current liabilities$157.6 $175.0 $195.6 
Schedule of Carrying Amount of Currencies for Production Financing Loans The carrying amounts are denominated in the following currencies:
Canadian DollarsU.S. DollarsTotal
As of July 2, 2023
$4.0 $153.6 $157.6 
Schedule of Production Financing Loans
The following table represents the movements in production financing loans during the first six months of 2023:
Production Financing
December 25, 2022$195.6 
Drawdowns105.0 
Repayments(142.5)
Foreign exchange differences(0.5)
Balance at July 2, 2023
$157.6