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Debt (Tables)
 6 Months Ended 12 Months Ended
Jun. 26, 2021
Dec. 26, 2020
Debt Disclosure [Abstract]    
Schedule of Long-term Debt
Our long-term debt balance consisted of the following:
 
(in millions)
   
December 26, 2020
     
June 26, 2021
  
Long-term debt, net:
                  
1
st
Lien USD Term Loan
(1)
    $ 2,701      $ 2,690  
1
st
Lien Euro Term Loan
(2)
      1,298        1,269  
    
 
 
     
 
 
  
Long-term debt, net of unamortized discounts
      3,999        3,959  
Unamortized deferred financing costs
      (12 )       (11 ) 
Current installments of long-term debt
      (44 )       (44 ) 
    
 
 
     
 
 
  
Total
   
$
3,943
 
   
$
3,904
 
    
 
 
     
 
 
  
 
(1)
During the six months ended June 26, 2021, the weighted average interest rate was 3.9%
(2)
During the six months ended June 26, 2021, the weighted average interest rate was 3.5%
Our long-term debt balance consisted of the following:
 
(in millions)
  
December 28,
2019
    
December 26,
2020
  
Long-term debt, net:
                
1
st
Lien USD Term Loan
(1)
   $ 3,020     $ 2,701  
1
st
Lien Euro Term Loan
(2)
     1,200       1,298  
2
nd
Lien USD Term Loan
(3)
     509       —    
   
 
 
    
 
 
  
Long-term debt, net of unamortized discounts
     4,729       3,999  
Unamortized deferred financing costs
     (17 )      (12 ) 
Current installments of long-term debt
     (43 )      (44 ) 
   
 
 
    
 
 
  
Total
  
$
4,669
 
  
$
3,943
 
   
 
 
    
 
 
  
 
(1)
During the year ended December 26, 2020, the weighted average interest rate was 4.4%
(2)
During the year ended December 26, 2020, the weighted average interest rate was 3.5%
(3)
During the year ended December 26, 2020, the weighted average interest rate was 9.7%
Schedule of Material Terms of Outstanding Debt  
As of December 26, 2020, the material terms of our outstanding debt was as follows:
 
Debt
    Issue Date    Issue
Principal		     
Interest Rate
(1)
    Interest Payment
Frequency		    Maturity Date
1
st
 Lien
    June 2019    $ 3,087      375 pts above LIBOR    Monthly    September 2024
1
st
 Lien
    June 2019    € 1,092      350 pts above EURIBOR    Quarterly    September 2024
Schedule of Debt Repayment Obligations  
As of December 26, 2020, our debt repayment obligations for the five succeeding fiscal years and thereafter are as follows:
 
    
(in millions)
  
2021
    $ 44  
2022
      45  
2023
      44  
2024
      3,905  
2025
      —    
Thereafter
      —    
    
 
 
  
Total debt repayment obligations
   
$
4,038