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Subsequent Events
1 Months Ended
Nov. 11, 2022
Subsequent Events [Abstract]  
Subsequent Events
19.    SUBSEQUENT EVENTS
2019 Incremental Term Loan Facility - Following the fiscal third quarter principal prepayment discussed within Note 9. Debt, on October 31, 2022 the Company voluntarily prepaid $100 million of the 2019 Incremental Term Loan Facility principal. The outstanding balance as of November 10, 2022 was $1,334 million, net of $21 million of unamortized deferred financing costs.
Share Repurchase Program - On November 2, 2022, our Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $500 million of its outstanding common stock. The size and timing of any repurchases will depend on a number of factors, including share price, general business and market conditions and other factors. Under the share repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans. The share repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. The repurchase authorization does not have an expiration date.