DEBT Debt (Tables)

3 Months Ended

Apr. 04, 2026

Debt Disclosure [Abstract]

Schedule of Debt Table

The following table summarizes our outstanding debt obligations.

As of the Period Ended	April 4, 2026		December 31, 2025
Commercial paper	$	472.1	$	258.0
Current maturities of long-term debt	2.8		2.8
Short-term loans	2.4		0.5
Total short-term borrowings	477.3		261.3
Non-current maturities of long-term debt	3,375.0		521.5
Total debt	$	3,852.3	$	782.8

Schedule of Short-Term Debt

Commercial Paper

The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of April 4, 2026 and December 31, 2025.

As of the Period Ended	April 4, 2026		December 31, 2025
Commercial Paper Outstanding - U.S. Program	$	264.7	$	—
Commercial Paper Outstanding - Euro Program	207.4		258.0
Total Commercial Paper Outstanding	$	472.1	$	258.0
Weighted Average Interest Rate - U.S. Program	4.17%		N.A
Weighted Average Interest Rate - Euro Program	2.42%		2.42%

Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.

Schedule of Maturities of Long-Term Debt

The following table provides the future maturities and associated interest rates related to the outstanding long-term debt as of April 4, 2026:

Description	Maturity Date	Interest Rate	Amount
2025 Term Loan Credit Agreement	2027-04-30	4.66%	$	505.0
2026 Delayed Draw Term Loan (DDTL)	2028-03-02	4.79%	2,875.0
Other(a)			4.8
Total maturities of long-term debt			3,384.8
Unamortized debt issuance costs			(7.0)
Total long-term debt, net of issuance costs			$	3,377.8

(a)Other long-term debt primarily includes indentures with the Italian government with maturity dates through 2029 and interest rates ranging between 0% and 3.85%.