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Debt And Credit Facilities (Tables)
3 Months Ended
Mar. 29, 2024
Debt Disclosure [Abstract]  
Components of debt
The components of the Company’s debt were as follows, net of debt discount and debt issuance costs ($ in millions):
March 29, 2024December 31, 2023
Senior term loan facility due 2028 (the “2028 Term Loan”)
$526.0 $525.8 
Senior euro term loan facility due 2028 (the “2028 Euro Term Loan”)376.9 385.4 
Convertible senior notes due 2028 (the “2028 Convertible Notes”)
487.6 486.9 
Convertible senior notes due 2025 (the “2025 Convertible Notes”)
115.5 115.3 
Total debt1,506.0 1,513.4 
Less: current portion(115.5)(115.3)
Long-term debt$1,390.5 $1,398.1 
Components of convertible debt
The following table sets forth total interest expense recognized related to convertible notes ($ in millions):
Three Months Ended
March 29, 2024March 31, 2023
Contractual interest expense:
   2028 Convertible Notes$2.2 $— 
   2025 Convertible Notes0.73.1 
Amortization of debt issuance costs:
   2028 Convertible Notes0.7 — 
   2025 Convertible Notes0.2 0.7 
Total interest expense
$3.8 $3.8 
Components of unamortized debt discount and issuance costs
The remaining unamortized debt issuance costs for debt outstanding were as follows ($ in millions):
March 29, 2024December 31, 2023
2028 Convertible Notes$12.6 $13.3 
2025 Convertible Notes0.8 1.0 
2028 Term Loan4.0 4.2 
2028 Euro Term Loan0.9 1.0 
$18.3 $19.5