Debt and Finance Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2023

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):

 

	March 31, 2023		December 30, 2022
Senior unsecured revolving credit facility (see Credit Facility below)	$	472.7	$	539.8
Finance lease obligations	8.3		8.6
Total debt and finance lease obligations	481.0		548.4
Less:  Current maturities	(1.4)		(1.3)
Long-term debt and finance lease obligations	$	479.6	$	547.1

Material terms of the credit facility and other working capital facilities

The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at March 31, 2023 (U.S. dollars in millions):

	Term	Maturity date	Interest rate	Borrowing limit		Available borrowings
Bank of America credit facility	5 years	October 1, 2024	6.03%	$	900.0	$	427.3
Rabobank letter of credit facility	364 days	June 14, 2023	Varies	25.0		16.2
Other working capital facilities	Varies	Varies	Varies	27.7		18.0
				$	952.7	$	461.5