XML 66 R55.htm IDEA: XBRL DOCUMENT v3.23.2
Debt Obligations - Additional Information (Details)
Jul. 01, 2023
USD ($)
Dec. 05, 2022
USD ($)
Jul. 01, 2022
USD ($)
Apr. 01, 2023
USD ($)
Dec. 05, 2022
EUR (€)
Debt Instrument [Line Items]          
Long-term debt, gross $ 1,939,000,000     $ 1,829,000,000  
Debt issuance costs, net 2,000,000     2,000,000  
Long-term debt 1,937,000,000     1,827,000,000  
Long-term debt, current maturities 13,000,000     5,000,000  
Long-term debt, excluding current maturities 1,924,000,000     1,822,000,000  
Short-term debt 12,000,000     4,000,000  
Notes Payable to Banks          
Debt Instrument [Line Items]          
Long-term debt 11,000,000     11,000,000  
Long-term debt, current maturities 1,000,000     1,000,000  
Long-term debt, excluding current maturities 10,000,000     10,000,000  
Revolving Credit Facility | Revolving Credit Facilities          
Debt Instrument [Line Items]          
Letter of credit outstanding 3,000,000     3,000,000  
Debt issuance costs, net $ 6,000,000     6,000,000  
Revolving Credit Facility | 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 debt instrument     4.0    
Cash and cash equivalents limit for leverage ratio     $ 200,000,000    
Long-term debt, gross $ 973,000,000     874,000,000  
Amount available for future borrowings 524,000,000     623,000,000  
Revolving Credit Facility | 2022 Credit Facility | Revolving Credit Facilities | Minimum          
Debt Instrument [Line Items]          
Commitment fee percentage     0.075%    
Revolving Credit Facility | 2022 Credit Facility | Revolving Credit Facilities | Maximum          
Debt Instrument [Line Items]          
Commitment fee percentage     0.175%    
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    
Term Loan | Versace Term Loan | Revolving Credit Facilities          
Debt Instrument [Line Items]          
Leverage ratio on debt instrument   4.0      
Cash and cash equivalents limit for leverage ratio   $ 200,000,000      
Long-term debt, gross 491,000,000     488,000,000  
Debt issuance costs, net 1,000,000     1,000,000  
Debt instrument, face amount | €         € 450,000,000
Long-term debt $ 490,000,000     $ 487,000,000  
Term Loan | Versace Term Loan | Revolving Credit Facilities | Euro Interbank Offer Rate (EURIBOR)          
Debt Instrument [Line Items]          
Debt instrument, basis spread on variable rate   1.35%