Debt and Finance Lease Obligations (Tables)

6 Months Ended

Jun. 28, 2024

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):

 

	June 28, 2024		December 29, 2023
Senior unsecured revolving credit facility (see Credit Facility below)	$	285.0	$	400.0
Finance lease obligations	6.8		7.5
Total debt and finance lease obligations	291.8		407.5
Less:  Current maturities	(1.4)		(1.4)
Long-term debt and finance lease obligations	$	290.4	$	406.1

Material terms of the credit facility and other working capital facilities

The following is a summary of the material terms of the 2024 Amended Credit Facility and other working capital facilities at June 28, 2024 (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	February 21, 2029	6.80%	$	750.0	$	465.0
Rabobank letter of credit facility	364 days	June 12, 2025	Varies	25.0		17.8
Other working capital facilities	Varies	Varies	Varies	31.2		16.5
				$	806.2	$	499.3