Long-Term Debt (Tables)

9 Months Ended

Sep. 25, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt as of September 25, 2022, December 31, 2021, and September 26, 2021 consisted of the following:

(In thousands)	September 25, 2022		December 31, 2021		September 26, 2021
U.S. term loan averaging 2.56% YTD 2022, 1.85% in 2021; 1.86% YTD 2021 (1)	$	—	$	264,250	$	264,250
Notes
2024 U.S. fixed rate senior unsecured notes at 5.375%	—		—		450,000
2025 U.S. fixed rate senior secured notes at 5.500%	1,000,000		1,000,000		1,000,000
2027 U.S. fixed rate senior unsecured notes at 5.375%	500,000		500,000		500,000
2028 U.S. fixed rate senior unsecured notes at 6.500%	300,000		300,000		300,000
2029 U.S. fixed rate senior unsecured notes at 5.250%	500,000		500,000		500,000
	2,300,000		2,564,250		3,014,250
Less current portion	—		—		—
	2,300,000		2,564,250		3,014,250
Less debt issuance costs and original issue discount	(34,510)		(45,314)		(50,207)
	$	2,265,490	$	2,518,936	$	2,964,043

(1)     The average interest rates do not reflect the effect of interest rate swap agreements (see Note 7). The 2022 year-to-date interest rate reflects borrowings prior to full repayment of the term loan facility during the third quarter of 2022.