What changed in this filing

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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2025-02-25 compared with 2024-02-28 · 23 added, 17 removed, 104 unchanged (28% of the section changed)

61 unchanged sentences

notional value of the investments in these plans was $106 million.

At December 30, 2023, the financing blended rate

for this swap was based on the Secured Overnight Financing Rate (“SOFR”)

plus 0.52%, for a combined

rate of 5.85%.

At December 28, 2024, the financing blended

rate for this swap was based on the Secured Overnight Financing Rate

(“SOFR”) of 4.53% plus 0.61%, for a

combined rate of 5.14%.

For the years ended December 28, 2024, December 30, 2023, and

December 25, 2021 we have

recorded a gain/(loss), within selling, general and administrative expense,

of approximately $10 million, $(17)

December 31, 2022 we

have recorded a gain/(loss), within selling, general and administrative

expense, of approximately $8 million, $10

million and $(17) million, respectively, net of transaction costs, related to this undesignated swap.

7 unchanged sentences

numerous investment grade counterparties.

Index to Financial Statements

Interest Rate Risk

2 unchanged sentences

trade accounts receivable securitization.

Our revolving credit facility which we entered into on July 11,

Our revolving credit facility,

which we entered into on July 11,

2023 and expires on July 11, 2028,

4 unchanged sentences

As of December 28, 2024, there was $0 million outstanding under

this revolving credit

During the year ended December 30, 2023, the average outstanding

balance was approximately $61

Based upon our average outstanding balances, for each hypothetical

increase of 25 basis points, our

interest expense thereunder would have increased by $0.2 million.

this revolving credit facility.

During the year ended December 28, 2024, the average outstanding balance was

approximately $50 million.

upon our average outstanding balances, for each hypothetical increase

of 25 basis points, our interest expense

thereunder would have increased by $0.1 million.

trade accounts receivable securitization, which we entered

17 unchanged sentences

notional value of the interest rate swap agreements was $713

On July 11, 2023, we entered into a three-year $750 million term loan credit agreement (the “Term Credit

The interest rate on this term loan is based on the Term SOFR plus a spread based on our leverage

ratio at the end of each financial reporting quarter.

This term loan matures on July 11, 2026.

At December 30, 2023, the interest on this Term Credit Agreement was 5.36% plus 1.35% for a combined rate of

At December 28,

2024, the interest rate under the Term Credit Agreement was 4.45% plus 1.60% for a combined rate of 6.05%.

However, we have a hedge in place (see

Note 13 – Derivatives and Hedging Activities

for additional

information) that ultimately creates an effective fixed rate of 5.79%.

for additional information)

that ultimately creates an effective fixed rate of 6.04%.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk