Debt and Finance Lease Obligations (Tables)

9 Months Ended

Sep. 27, 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):

 

	September 27, 2024		December 29, 2023
Senior unsecured revolving credit facility (see Credit Facility below)	$	269.6	$	400.0
Finance lease obligations	6.7		7.5
Total debt and finance lease obligations	276.3		407.5
Less:  Current maturities	(1.5)		(1.4)
Long-term debt and finance lease obligations	$	274.8	$	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 September 27, 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	6.20%	$	750.0	$	480.4
Rabobank letter of credit facility	364 days	June 12, 2025	Varies	25.0		17.8
Other working capital facilities	Varies	Varies	Varies	30.9		13.5
				$	805.9	$	511.7