Debt (Tables)

12 Months Ended

Dec. 27, 2019

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at December 27, 2019 (U.S. dollars in millions):

	Term	Maturity Date	Interest Rate	Borrowing Limit		Available Borrowings at December 27, 2019
Bank of America credit facility	5.0 years	October 1, 2024	2.94%	$	1,100.0	$	513.4
Rabobank letter of credit facility	364 days	June 17, 2020	Varies	25.0		14.2
Other working capital facilities	Varies	Varies	Varies	23.3		11.4
				$	1,148.3	$	539.0

Schedule of Maturities of Long-term Debt

Maturities of long-term debt obligations during the next five years are (U.S. dollars in millions): 

Fiscal Years	Long-Term Debt
2020	$	18.2
2021	21.2
2022	23.5
2023	25.9
2024	596.1
	684.9
Less:  Amounts representing interest(1)	(98.3		)
	586.6
Less:  Current portion	$	—
Totals, net of current portion of long-term debt and finance lease obligations	$	586.6

 

⁽¹⁾ We utilize a variable interest rate on our long-term debt, and for presentation purposes we have used an assumed rate of 2.9%.