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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Debt was comprised of the following at the end of each period:
December 31, 2021December 25, 2020
Principal
Unamortized Discount and Debt Issuance Costs (1)
Principal
Unamortized Discount and Debt Issuance Costs
Secured debt:
Term loan due September 2024$1,396.5 $— $1,505.2 $12.3 
Term loan due February 2025370.7 — 399.5 5.0 
10.00% first lien senior notes due April 2025495.0 5.9 495.0 7.7 
10.00% second lien senior notes due April 2025322.9 322.9 8.0 
Revolving credit facility900.0 0.2900.0 1.7 
Total secured debt3,485.1 6.1 3,622.6 34.7 
Unsecured debt:
9.50% debentures due May 202210.4 — 10.4 — 
5.75% senior notes due August 2022610.3 — 610.3 — 
8.00% debentures due March 20234.4 — 4.4 — 
4.75% senior notes due April 2023133.7 — 133.7 — 
5.625% senior notes due October 2023514.7 — 514.7 — 
5.50% senior notes due April 2025387.2 — 387.2 — 
Total unsecured debt:1,660.7 — 1,660.7 — 
Total debt, prior to reclassification to liabilities subject to compromise5,145.8 6.1 5,283.3 34.7 
Less: Current portion(1,395.0)(6.1)(3,622.6)(34.7)
Less: Amounts reclassified to liabilities subject to compromise (2)
(3,750.8)— (1,660.7)— 
Total long-term debt, net of current portion$— $— $— $— 
(1)As a result of the Company's Chapter 11 Cases, the Company expensed $23.1 million and $10.2 million of unamortized discount and debt issuance costs, net, recorded in reorganization items, net in the consolidated statements of operations for fiscal 2021 and 2020, respectively.
(2)In connection with the Company's Chapter 11 Cases, $3,750.8 million and $1,660.7 million of outstanding debt instruments have been classified as LSTC in the Company's consolidated balance sheets as of December 31, 2021 and December 25, 2020, respectively. Up to the Petition Date, the Company continued to accrue interest expense in relation to the unsecured debt instruments classified as LSTC. The Company continues to accrue and pay interest on the outstanding secured debt instruments classified as LSTC in conjunction with the cash collateral order. Refer to Note 2 for further information.
Debt Instrument [Line Items]  
Schedule of Long-term Debt Instruments
As of December 31, 2021, the applicable interest rate and outstanding borrowings on the Company's variable-rate debt instruments were as follows:
Applicable interest rate (1)
Outstanding borrowings
Term loan due September 20246.00 %$1,396.5 
Term loan due February 20256.25 370.7 
Revolving credit facility4.42 900.0 
(1)Includes the incremental 200 basis points and 250 basis points related to the cash adequate protection payments for the revolving credit facility and senior secured term loans, respectively. Refer to Note 2 for further information.
Schedule of Maturities of Long-term Debt The Company's stated long-term debt principal maturity amounts as of December 31, 2021 are as follows:
Fiscal 2022$1,539.2 
Fiscal 2023671.3 
Fiscal 20241,371.1 
Fiscal 20251,564.2