Borrowings (Tables)

3 Months Ended

Mar. 30, 2025

The components of borrowings were as follows:


(In millions)	March 30, 2025		December 29, 2024
Term Loan	$	2,248.3	$	2,282.7
Revolving Credit Facility	250.0		198.0
Financing lease obligation	6.3		7.9


Unamortized deferred financing costs	(4.9)		(5.5)
Total borrowings	2,499.7		2,483.1
Less: current portion	(393.8)		(341.8)
Long-term borrowings	$	2,105.9	$	2,141.3

The following table provides the detailed amounts within Interest expense, net for the three months ended March 30, 2025 and March 31, 2024:


	Three Months Ended
(In millions)		March 30, 2025		March 31, 2024
Term Loan		$	37.0	$	44.5
Revolving Credit Facility		5.3		1.8
Amortization of deferred financing costs		0.8		0.8
Derivative instruments and other		(2.5)		(7.2)
Interest income		(0.6)		(0.9)
Interest expense, net		$	40.0	$	39.0