Debt and Finance Lease Obligations (Tables)

9 Months Ended

Oct. 01, 2021

Long-term Debt and Lease Obligation [Abstract]

Schedule of long-term debt and finance lease obligation

The following is a summary of long-term debt and finance lease obligations (U.S. dollars in millions):

 

	October 1, 2021		January 1, 2021
Senior unsecured revolving credit facility (see Credit Facility below)	$	476.9	$	541.7
Finance lease obligations	0.1		0.3
Total debt and finance lease obligations	477.0		542.0
Less:  Current maturities	(0.1)		(0.2)
Long-term debt and finance lease obligations	$	476.9	$	541.8

Material terms of the credit facility and other working capital facilities

The following is a summary of the material terms of the Credit Facility and other working capital facilities at October 1, 2021 (U.S. dollars in millions):

	Term	Maturity date	Interest rate	Borrowing limit		Available borrowings
Bank of America credit facility	5 years	October 1, 2024	1.24%	$	1,100.0	$	623.1
Rabobank letter of credit facility	364 days	June 15, 2022	Varies	25.0		14.3
Other working capital facilities	Varies	Varies	Varies	20.0		9.5
				$	1,145.0	$	646.9