Long-Term Debt (Tables)

3 Months Ended

Mar. 26, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt as of March 26, 2023, December 31, 2022, and March 27, 2022 consisted of the following:

(In thousands)	March 26, 2023		December 31, 2022		March 27, 2022
Revolving credit facility	$	170,000	$	—	$	125,000
U.S. term loan averaging 2.56% in 2022; 1.88% YTD 2022 (1)	—		—		264,250
Notes
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
	2,470,000		2,300,000		2,689,250
Less current portion	—		—		—
	2,470,000		2,300,000		2,689,250
Less debt issuance costs and original issue discount	(31,725)		(31,845)		(42,174)
	$	2,438,275	$	2,268,155	$	2,647,076

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