DEBT

3 Months Ended

Mar. 29, 2026

Debt Disclosure [Abstract]

DEBT

DEBT

Long-term debt and other borrowing arrangements, including current notes payable to banks, consisted of the following components:

	Maturity	March 29, 2026		December 28, 2025
		(In thousands)
Senior notes payable, net of discount, at 6.875%	2034	$	492,482	$	492,251
Senior notes payable, net of discount, at 6.25%	2033	918,007		917,852
Senior notes payable at 3.50%	2032	899,600		899,600
Senior notes payable, net of discount, at 4.25%	2031	792,144		791,946
U.S. Credit Facility (defined below) at SOFR plus 1.35%	2028	—		—
Europe Credit Facility (defined below) with notes payable at SONIA plus 1.25%	2027	—		—
Mexico BBVA Credit Facility (defined below) with notes payable at TIIE plus 1.35%	2028	—		—
Mexico Bajio Credit Facility (defined below) with notes payable at TIIE plus 1.41%	2030	—		—
Live Oak CHP Project PACE Loan 5.15%	2053	19,999		19,163
Finance lease obligations	Various	1,237		1,389
Long-term debt		3,123,469		3,122,201
Less: Current maturities of long-term debt		(918)		(924)
Long-term debt, less current maturities		3,122,551		3,121,277
Less: Capitalized financing costs		(26,936)		(28,164)
Long-term debt, less current maturities, net of capitalized financing costs		$	3,095,615	$	3,093,113

The future minimum principal payments due in each of the next five fiscal years as of March 29, 2026, related to the Live Oak CHP Project PACE Loan, are $0.1 million.

Tender Offer

On March 30, 2026, the Company commenced a tender offer pursuant to which it offered to acquire up to $250.0 million aggregate principal amount of its 6.250% Senior Notes due 2033. On April 14, 2026, the early settlement date, the Company exercised the purchase of $250.0 million aggregate principal amount at a price of $1,056.90 per $1,000.00 principal amount and a total cost of $264.2 million.

Credit Facilities

The following table presents the key terms of our available credit facilities:

Facility	Limit			Maturity	Rate Basis	Availability (USD)
U.S. Credit Facility(a)	USD	850.0	million	2028	SOFR + 1.35%	$	846.0	million
Europe Credit Facility	GBP	150.0	million	2027	SONIA + 1.25%	198.9		million
Mexico BBVA Credit Facility	MXN	1.3	billion	2028	TIIE +1.35%	70.4		million
Mexico Bajio Credit Facility	MXN	1.5	billion	2030	TIIE +1.41%	82.8		million

(a)    Availability under the U.S. Credit Facility may be reduced by outstanding letters of credit.