Debt (Tables)

6 Months Ended

Jun. 25, 2022

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of the dates indicated (in millions):

	June 25, 2022		December 25, 2021		June 26, 2021
1.75% Senior Notes due 2030	$	650.0	$	650.0	$	650.0
3.70% Senior Notes due 2029 (a)	150.0		150.0		150.0
Senior Credit Facility:
November 2020 Term Loan	200.0		200.0		200.0
Revolving credit loans	—		—		—
Total outstanding borrowings	1,000.0		1,000.0		1,000.0
Less: unamortized debt discounts and issuance costs	(12.6)		(13.6)		(14.6)
Total debt	987.4		986.4		985.4
Less: current portion of long-term debt	—		—		—
Long-term debt	$	987.4	$	986.4	$	985.4
Outstanding letters of credit	$	57.6	$	52.9	$	68.1