XML 66 R55.htm IDEA: XBRL DOCUMENT v3.22.2
Debt Obligations - Narrative (Details) - USD ($)
Jul. 02, 2022
Jul. 01, 2022
Apr. 02, 2022
Debt Instrument [Line Items]      
Total debt $ 1,421,000,000   $ 1,164,000,000
Long-term debt 1,419,000,000   1,160,000,000
Debt issuance costs, gross 1,000,000   3,000,000
Short-term debt obligation 36,000,000   21,000,000
Short-term debt 37,000,000   29,000,000
Long-term debt 1,382,000,000   1,131,000,000
Notes Payable to Banks      
Debt Instrument [Line Items]      
Long-term debt 10,000,000   18,000,000
Short-term debt 1,000,000   8,000,000
Long-term debt 9,000,000   10,000,000
Revolving Credit Facilities | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Letter of credit outstanding $ 21,000,000   21,000,000
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Line of credit facility, maximum borrowing capacity   $ 1,500,000,000  
Accordion feature, increase limit   $ 500,000,000  
Commitment fee percentage 0.15%    
Leverage ratio on credit facility   4.0  
Cash and cash equivalents limit for leverage ratio   $ 200,000,000  
Total debt $ 922,000,000    
Amount available for future borrowings 557,000,000    
Debt issuance costs, gross $ 7,000,000    
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Fed Funds Effective Rate Overnight Index Swap Rate | Variable Rate Component One      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Fed Funds Effective Rate Overnight Index Swap Rate | Variable Rate Component Two      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.50%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.10%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR) | Variable Rate Component One      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.10%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR) | Variable Rate Component Two      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Base Rate | Variable Rate Component One      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Base Rate | Variable Rate Component Two      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   1.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Secured Overnight Index Average (SONIA)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Swiss Average Rate Overnight (SARON)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Euro Interbank Offer Rate (EURIBOR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Canadian Dollar Canadian Banker's Acceptances Quoted On Reuters Rate (CDOR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Tokyo Interbank Offer Rate (TIBOR)      
Debt Instrument [Line Items]      
Debt instrument, basis spread on variable rate   0.00%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Minimum      
Debt Instrument [Line Items]      
Commitment fee percentage   0.075%  
Revolving Credit Facilities | 2022 Credit Facility | Revolving Credit Facilities | Maximum      
Debt Instrument [Line Items]      
Commitment fee percentage   0.175%  
Revolving Credit Facilities | 2018 Credit Facility | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Total debt     175,000,000
Amount available for future borrowings     804,000,000
Debt issuance costs, net     3,000,000
Letter of Credit | 2022 Credit Facility | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Line of credit facility, maximum borrowing capacity   $ 125,000,000  
Bridge Loan | 2022 Credit Facility | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Line of credit facility, maximum borrowing capacity   $ 100,000,000  
2018 Term Loan Facility | Term Loan Facility | Revolving Credit Facilities      
Debt Instrument [Line Items]      
Long-term debt     $ 495,000,000