Sale of Receivables (Tables)

9 Months Ended

Sep. 27, 2024

Receivables [Abstract]

Schedule of Receivables Sold

The fair value of the sold receivables approximated their book value due to their short-term nature.

	As of and for the
		Nine Months Ended
		September 27,		September 29,
(In thousands)		2024		2023
Beginning balance:		$	72,715	$	—
Sale of receivables		2,311,341		705,205
Cash collections		(2,240,639)		(617,340)
Outstanding balance sold to MUFG1		143,417		87,865
Cash collected, not remitted to MUFG2		(38,265)		(66,999)
Remaining sold receivables		$	105,152	$	20,866
1 For the nine months ended September 27, 2024, the Company recorded a net cash inflow from sale of receivables of $70.7 million from operating activities.
2 Includes the cash collected on behalf of, but not yet remitted to, MUFG as of September 27, 2024. This balance is included in other accrued liabilities as of the balance sheet date.