XML 61 R51.htm IDEA: XBRL DOCUMENT v3.23.3
Financial Instruments - Narrative (Details)
1 Months Ended 9 Months Ended 12 Months Ended 45 Months Ended
Nov. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Oct. 01, 2023
USD ($)
Dec. 25, 2022
USD ($)
Dec. 26, 2021
USD ($)
Dec. 27, 2020
USD ($)
Oct. 01, 2023
USD ($)
Sep. 30, 2023
USD ($)
Sep. 25, 2022
USD ($)
Nov. 30, 2021
USD ($)
Debt Instrument [Line Items]                    
Current portion of long-term debt     $ 60,000,000.0 $ 113,200,000     $ 60,000,000.0   $ 122,600,000  
Production financing     $ 0 195,600,000     $ 0   $ 184,900,000  
Senior Notes                    
Debt Instrument [Line Items]                    
Aggregate principal amount $ 2,400,000,000                  
Underwriting discount and fees 20,000,000                  
Net proceeds after deduction of underwriting discount and fees $ 2,400,000,000                  
Redemption price (as a percent) 100.00%                  
Senior Notes | Minimum                    
Debt Instrument [Line Items]                    
Debt instrument term 5 years                  
Upward adjustment if credit rating is reduced (as a percent) 0.25%                  
Senior Notes | Maximum                    
Debt Instrument [Line Items]                    
Debt instrument term 10 years                  
Upward adjustment if credit rating is reduced (as a percent) 2.00%                  
2.60% Notes Due 2022 | Senior Notes                    
Debt Instrument [Line Items]                    
Aggregate principal amount $ 300,000,000                  
Debt stated interest rate 2.60%                  
3.00% Notes Due 2024                    
Debt Instrument [Line Items]                    
Debt stated interest rate     3.00%       3.00%      
3.00% Notes Due 2024 | Senior Notes                    
Debt Instrument [Line Items]                    
Aggregate principal amount $ 500,000,000                  
Debt stated interest rate 3.00%                  
3.00% Notes Due 2024 | Senior Notes | US Treasury (UST) Interest Rate                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent) 0.25%                  
3.55% Notes Due 2026                    
Debt Instrument [Line Items]                    
Debt stated interest rate     3.55%       3.55%      
3.55% Notes Due 2026 | Senior Notes                    
Debt Instrument [Line Items]                    
Aggregate principal amount $ 675,000,000                  
Debt stated interest rate 3.55%                  
3.55% Notes Due 2026 | Senior Notes | US Treasury (UST) Interest Rate                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent) 0.30%                  
3.90% Notes Due 2029                    
Debt Instrument [Line Items]                    
Debt stated interest rate     3.90%       3.90%      
3.90% Notes Due 2029 | Senior Notes                    
Debt Instrument [Line Items]                    
Aggregate principal amount $ 900,000,000                  
Debt stated interest rate 3.90%                  
3.90% Notes Due 2029 | Senior Notes | US Treasury (UST) Interest Rate                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent) 0.35%                  
$1.0 Billion Term Loan Agreement | Unsecured Debt                    
Debt Instrument [Line Items]                    
Aggregate principal amount   $ 1,000,000,000                
Debt covenant, consolidated interest coverage ratio (no less than)   3.00                
Debt covenant, consolidated total leverage ratio (no more than)   3.50                
$1.0 Billion Term Loan Agreement | Unsecured Debt | Minimum                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated total leverage ratio (no more than)   5.40                
$1.0 Billion Term Loan Agreement | Unsecured Debt | Maximum                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated total leverage ratio (no more than)   5.65                
Three-Year Term Loan Facility | Unsecured Debt                    
Debt Instrument [Line Items]                    
Aggregate principal amount   $ 400,000,000                
Debt instrument term   3 years                
Five-Year Term Loan Facility | Unsecured Debt                    
Debt Instrument [Line Items]                    
Aggregate principal amount   $ 600,000,000                
Debt instrument term   5 years                
Repayments of unsecured debt     $ 60,000,000 $ 87,500,000 $ 180,000,000 $ 22,500,000 $ 350,000,000      
Five-Year Term Loan Facility | Unsecured Debt | Debt Instrument, Redemption, Period One                    
Debt Instrument [Line Items]                    
Debt stated interest rate   5.00%                
Debt instrument term   2 years                
Five-Year Term Loan Facility | Unsecured Debt | Debt Instrument, Redemption, Period Two                    
Debt Instrument [Line Items]                    
Debt stated interest rate   10.00%                
Five-Year Term Loan Facility | Unsecured Debt | Minimum | SOFR                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)   1.00%                
Five-Year Term Loan Facility | Unsecured Debt | Minimum | Base Rate                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)   0.00%                
Five-Year Term Loan Facility | Unsecured Debt | Maximum | SOFR                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)   1.875%                
Five-Year Term Loan Facility | Unsecured Debt | Maximum | Base Rate                    
Debt Instrument [Line Items]                    
Basis spread on variable rate (as a percent)   0.875%                
Amended Revolving Credit Agreement | Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated interest coverage ratio (no less than)               3.00    
Line of credit facility, maximum borrowing capacity               $ 1,250,000,000    
Potential additional incremental commitment               $ 500,000,000    
Amended Revolving Credit Agreement | Revolving Credit Facility | For the quarter ended September 30, 2023                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated total leverage ratio (no more than)               4.10    
Amended Revolving Credit Agreement | Revolving Credit Facility | For the quarter ended December 31, 2023 and thereafter                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated total leverage ratio (no more than)               3.50    
Amended Revolving Credit Agreement | Revolving Credit Facility | For each of the quarters ended September 30, 2023 and December 31, 2023                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated net total leverage ratio (no more than)               4.00    
Amended Revolving Credit Agreement | Revolving Credit Facility | For each of the first, second and fourth fiscal quarters of each year (other than 2023)                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated net total leverage ratio (no more than)               3.75    
Amended Revolving Credit Agreement | Revolving Credit Facility | For the third fiscal quarter of each year (other than 2023)                    
Debt Instrument [Line Items]                    
Debt covenant, consolidated net total leverage ratio (no more than)               4.00    
Revolving Production Financing Agreement | Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Debt instrument term     2 years              
Line of credit facility, maximum borrowing capacity                   $ 250,000,000
Potential additional incremental commitment                   $ 150,000,000