DEBT Debt (Tables)

9 Months Ended

Sep. 28, 2024

Debt Disclosure [Abstract]

Schedule of Debt Table

The following table summarizes our outstanding debt obligations.

As of the Period Ended	September 28, 2024		December 31, 2023
Commercial paper(a)	$	359.6	$	184.9
Current maturities of long-term debt	2.5		2.3
Short-term loans	0.5		0.5
Total short-term borrowings	362.6		187.7
Non-current maturities of long-term debt(b)	467.8		5.7
Total debt and finance leases	$	830.4	$	193.4

(a)    The associated weighted average interest rates as of September 28, 2024 and December 31, 2023 were 5.12% and 5.61%, respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.

(b) Long-term debt is primarily related to a term loan that the Company entered into in September 2024 in connection with the acquisition of kSARIA. See additional details in section titled, “U.S. Term Loan”, below.

Schedule of Maturities of Long-Term Debt

The following table provides the future maturities related to the outstanding balance as of September 28, 2024.

2024	$	—
2025	—
2026	—
September 2027	464.0
Total maturities	$	464.0