Financing Obligations (Tables)

12 Months Ended

Dec. 28, 2019

Line of Credit Facility [Line Items]

Schedule of Long-term Debt and Capital Lease Obligations

Debt obligations consisted of the following:

(In millions)	2019			2018
Fixed rate Senior Notes due 2021	$	599.8		$	599.7
Five-year Revolving Credit Agreement	272.0			283.9
Belgium facilities capital leases	3.6			5.3
Total debt obligations	875.4			888.9
Less current portion	(273.2		)	(285.5		)
Long-term debt and capital lease obligations	$	602.2		$	603.4

Schedule of Short-term Debt

(Dollars in millions)	2019			2018
Total short-term borrowings at year-end	$	272.0		$	283.9
Weighted average interest rate at year-end	2.1		%	2.3		%
Average short-term borrowings during the year	$	422.8		$	364.6
Weighted average interest rate for the year	2.7		%	2.6		%
Maximum short-term borrowings during the year	$	548.9		$	509.9

Schedule Of Debt Covenants

Period	Consolidated Leverage Ratio
From the Amendment No. 2 effective date to and including June 27, 2020	5.75 to 1.00
September 26, 2020	5.25 to 1.00
December 26, 2020	4.50 to 1.00
March 27, 2021	4.00 to 1.00
June 26, 2021 and thereafter	3.75 to 1.00

Contractual Maturities for Debt Obligations

Contractual maturities for debt obligations at December 28, 2019 are summarized by year as follows (in millions):

Year ending:	Amount
December 26, 2020	$	273.2
December 25, 2021	601.2
December 31, 2022	1.0
Total	$	875.4

Schedule of Capital Lease Obligations

Following is a summary of significant finance lease obligations at December 28, 2019 and December 29, 2018:

(In millions)	December 28, 2019		December 29, 2018
Gross payments	$	3.8	$	5.8
Less imputed interest	0.2		0.5
Total finance lease obligation	3.6		5.3
Less current maturity	1.3		1.6
Finance lease obligation - long-term portion	$	2.3	$	3.7