DEBT Debt (Tables)

3 Months Ended

Mar. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt Table

The following table summarizes our outstanding debt obligations.

As of the Period Ended	March 30, 2024		December 31, 2023
Commercial paper(a)	$	319.6	$	184.9
Current maturities of long-term debt	2.3		2.3
Short-term loans	0.8		0.5
Total short-term borrowings	322.7		187.7
Non-current maturities of long-term debt(b)	230.5		5.7
Total debt and finance leases	$	553.2	$	193.4

(a)    The associated weighted average interest rates as of March 30, 2024 and December 31, 2023 were 5.63% and 5.61% respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.

(b) Our long-term debt is primarily related to a term loan that we entered into in January, 2024 in connection with the acquisition of Svanehøj. See additional details in section titled, “Term Loan”, below.

Schedule of Maturities of Long-Term Debt

The following table provides the future maturities related to the outstanding balance as of March 30, 2024.

2024	$	—
2025	—
2026	—
January 2027	226.7
Total maturities	$	226.7