Debt (Tables)

9 Months Ended

Sep. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Borrowings

The carrying costs, which are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of September 29, 2024, October 1, 2023 and December 31, 2023 are as follows:

	September 29, 2024				October 1, 2023				December 31, 2023
	Carrying Cost		Fair Value		Carrying Cost		Fair Value		Carrying Cost		Fair Value
3.90% Notes Due 2029	$	900.0	$	869.5	$	900.0	$	797.4	$	900.0	$	839.8
3.55% Notes Due 2026	675.0		662.4		675.0		629.3		675.0		641.0
3.00% Notes Due 2024	500.0		498.2		500.0		483.2		500.0		488.4
6.35% Notes Due 2040	500.0		536.5		500.0		483.7		500.0		520.1
3.50% Notes Due 2027	500.0		486.6		500.0		461.4		500.0		472.2
6.05% Notes Due 2034	500.0		526.5		—		—		—		—
5.10% Notes Due 2044	300.0		279.7		300.0		245.1		300.0		271.6
6.60% Debentures Due 2028	109.9		117.5		109.9		113.0		109.9		116.0
Variable % Notes Due December 30, 2024 (1)	—		—		250.0		250.0		—		—
Production Financing Facilities (2)	—		—		—		—		—		—
Total long-term debt	$	3,984.9	$	3,976.9	$	3,734.9	$	3,463.1	$	3,484.9	$	3,349.1
Less: Deferred debt expenses	22.3		—		20.3		—		19.1		—
Less: Current portion	500.0		—		60.0		—		500.0		—
Long-term debt	$	3,462.6	$	3,976.9	$	3,654.6	$	3,463.1	$	2,965.8	$	3,349.1

(1) During the fourth quarter of 2023, the Company paid the remaining principal balance of the Variable % Notes Due December 30, 2024.

(2) The Company's production financing facilities were assumed by Lionsgate effective upon the closing of the sale of the eOne Film and TV business in the fourth quarter of 2023 and were recorded in liabilities held for sale as of October 1, 2023. See Note 3 for additional information.