Debt and Finance Lease Obligations (Tables)

9 Months Ended

Sep. 29, 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):

 

	September 29, 2023		December 30, 2022
Senior unsecured revolving credit facility (see Credit Facility below)	$	401.0	$	539.8
Finance lease obligations	7.6		8.6
Total debt and finance lease obligations	408.6		548.4
Less:  Current maturities	(1.4)		(1.3)
Long-term debt and finance lease obligations	$	407.2	$	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 September 29, 2023 (U.S. dollars in millions):

	Term	Maturity date	Interest rate	Borrowing limit		Available borrowings, net of letters of credit and bank guarantees
Bank of America credit facility	5 years	October 1, 2024	6.55%	$	900.0	$	499.0
Rabobank letter of credit facility	364 days	June 13, 2024	Varies	25.0		17.6
Other working capital facilities	Varies	Varies	Varies	31.4		8.9
				$	956.4	$	525.5