Debt

6 Months Ended

Jun. 01, 2025

Debt Disclosure [Abstract]

DEBT

DEBT 

The following table presents the Company’s debt: 

	June 1, 2025		December 1, 2024
	(Dollars in millions)
Long-term debt
3.375% senior notes due 2027	$	538.2	$	498.8
3.50% senior notes due 2031	495.5		495.2
Total long-term debt	$	1,033.7	$	994.0
Short-term debt
Short-term borrowings	5.9		5.5
Total debt	$	1,039.6	$	999.5

Senior Revolving Credit Facility

As of June 1, 2025, the Company had no borrowings under the Credit Facility. The Company’s unused availability under the Credit Facility was $783.3 million at June 1, 2025, as the total availability of $802.4 million was reduced by $19.1 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 and six months ended June 1, 2025 was 4.28% and 4.26%, respectively, as compared to 4.06% and 3.98%, respectively, during the same periods of 2024.