Debt

3 Months Ended

Mar. 02, 2025

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company’s debt: 

	March 2, 2025		December 1, 2024
	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	492.0	$	498.8
3.50% senior notes due 2031	495.4		495.2
Total long-term debt	$	987.4	$	994.0
Short-term debt
Short-term borrowings	6.1		5.5
Total debt	$	993.5	$	999.5

Senior Revolving Credit Facility

As of March 2, 2025, the Company had no borrowings under the Credit Facility. The Company’s unused availability under the Credit Facility was $792.6 million at March 2, 2025, as the total availability of $813.3 million was reduced by $20.7 million of letters of credit and other credit usage allocated under the Credit Facility.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended March 2, 2025 was 4.23%, as compared to 3.91% during the same period of 2024.