XML 107 R96.htm IDEA: XBRL DOCUMENT v3.21.2
Debt - Additional Information (Details)
€ in Millions
1 Months Ended 6 Months Ended 12 Months Ended
Sep. 25, 2021
USD ($)
Aug. 31, 2021
USD ($)
Dec. 24, 2020
USD ($)
Nov. 01, 2018
USD ($)
Oct. 24, 2020
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
EUR (€)
Nov. 30, 2018
USD ($)
Nov. 30, 2018
EUR (€)
Jan. 31, 2018
USD ($)
Jan. 31, 2018
EUR (€)
Jun. 26, 2021
USD ($)
Jun. 27, 2020
USD ($)
Dec. 26, 2020
USD ($)
Dec. 28, 2019
USD ($)
Dec. 29, 2018
USD ($)
Mar. 28, 2020
USD ($)
Schedule Of Debts [Line Items]                                    
Prepayment of borrowing amount   $ 1,000,000                                
Repayments of long-term debt                         $ 22,000,000 $ 21,000,000 $ 869,000,000 $ 67,000,000 $ 87,000,000  
Minimum additional prepayment percentage per quarter amortization                             0.25%      
Forecast                                    
Schedule Of Debts [Line Items]                                    
Loss on extinguishment of debt $ 10,000,000                                  
1st Lien Credit Facility                                    
Schedule Of Debts [Line Items]                                    
Debt Issuance Costs, Net             $ 6,000,000       $ 10,000,000              
Loss on extinguishment of debt     $ 4,000,000                              
Prepaid outstanding term loan     $ 300,000,000                              
Revolving Credit Facility                                    
Schedule Of Debts [Line Items]                                    
Line of credit                             $ 0     $ 300,000,000
Repayment of line of credit           $ 300,000,000                        
Long term debt, weighted average interest rate                             4.30%      
Letter of credit issued                         4,000,000   $ 4,000,000 4,000,000    
Amount of undrawn capacity under the Revolving Credit Facility                         $ 660,000,000   $ 660,000,000 $ 496,000,000    
Commitment fee percentage on the unused portion of the facility                         0.25%   0.375%      
Revolving Credit Facility | Letter of Credit                                    
Schedule Of Debts [Line Items]                                    
Line of credit                             $ 175,000,000      
Letter of credit outstanding under revolving credit facility                             $ 30,000,000      
Net leverage ratio                             6.30%      
Revolving Credit Facility | Minimum                                    
Schedule Of Debts [Line Items]                                    
Commitment fee percentage on the unused portion of the facility                             0.375%      
Revolving Credit Facility | Minimum | LIBOR                                    
Schedule Of Debts [Line Items]                                    
Debt instrument, basis spread on variable rate                             3.25%      
Revolving Credit Facility | Maximum                                    
Schedule Of Debts [Line Items]                                    
Commitment fee percentage on the unused portion of the facility                             0.50%      
Revolving Credit Facility | Maximum | LIBOR                                    
Schedule Of Debts [Line Items]                                    
Debt instrument, basis spread on variable rate                             3.75%      
1st Lien USD Term Loan                                    
Schedule Of Debts [Line Items]                                    
Increase in maximum borrowing capacity             $ 300,000,000       $ 324,000,000              
Issued discount par at price percentage             99.24%       99.60%              
(Decrease) increase in outstanding principal amount                 $ (50,000,000)                  
Capitalized consent fees             $ 12,000,000                      
Repayments of long-term debt                             $ 35,000,000      
Long term debt, weighted average interest rate                         3.90%   4.40%      
Percentage of mandatory prepayment per quarter amortization                         0.25%   0.25%      
Percentage of net cash proceeds above threshold amount of certain assets and casualty events                             100.00%      
Percentage of net cash proceeds of incurrence of certain debt                             100.00%      
Percentage of annual excess cash flow                             50.00%      
1st Lien USD Term Loan | Minimum | 50% If our First Lien Net Leverage Ratio is Less Than or Equal to 3.25 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             2.50%      
1st Lien USD Term Loan | Minimum | A step-down to 25% if our First Lien Net Leverage Ratio is Less Than or Equal to 3.25 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             2.50%      
1st Lien USD Term Loan | Maximum | 50% If our First Lien Net Leverage Ratio is Less Than or Equal to 3.25 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             3.25%      
1st Lien USD Term Loan | Maximum | 0% If our First Lien Net Leverage Ratio is Less Than or Equal to 2.50 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             2.50%      
1st Lien USD Term Loan | Maximum | A step-down to 25% if our First Lien Net Leverage Ratio is Less Than or Equal to 3.25 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             3.25%      
1st Lien USD Term Loan | Maximum | A step-down to 0% if our First Lien Net Leverage Ratio is Less Than or Equal to 2.50 to 1.00                                    
Schedule Of Debts [Line Items]                                    
Net leverage ratio                             2.50%      
1st Lien Euro Term Loan                                    
Schedule Of Debts [Line Items]                                    
Increase in maximum borrowing capacity | €               € 355       € 150            
Issued discount par at price percentage             99.50%       99.98%              
(Decrease) increase in outstanding principal amount | €                   € 90                
Long term debt, weighted average interest rate                         3.50%   3.50%      
1st Lien USD and Euro Term Loans | Interest Expense and Other, Net                                    
Schedule Of Debts [Line Items]                                    
Refinancing fees                 $ 3,000,000                  
Second Lien USD Term Loan                                    
Schedule Of Debts [Line Items]                                    
Prepayment of borrowing amount       $ 50,000,000                            
Long term debt, weighted average interest rate                             9.70%      
Second Lien USD Term Loan | Interest Expense and Other, Net                                    
Schedule Of Debts [Line Items]                                    
Refinancing fees       $ 2,000,000                            
2nd Lien Term Loan                                    
Schedule Of Debts [Line Items]                                    
Repayments of long-term debt         $ 525,000,000                          
Accrued interest         4,000,000                          
Loss on extinguishment of debt         14,000,000                          
Tranche One | Revolving Credit Facility                                    
Schedule Of Debts [Line Items]                                    
Line of credit         $ 164,000,000                          
Line of credit facility, maturity date         Sep. 29, 2022                          
Tranche Two | Revolving Credit Facility                                    
Schedule Of Debts [Line Items]                                    
Line of credit         $ 500,000,000                          
Line of credit facility, maturity date         Sep. 29, 2024