Long-Term Debt (Tables)
3 Months Ended
Mar. 30, 2018
Debt Disclosure [Abstract]  
Long-Term Debt
The Company's long-term debt consists of the following (annualized interest rates, in millions):
 
As of
 
March 30, 2018
 
December 31, 2017
Amended Credit Agreement:
 
 
 
Revolving Credit Facility due 2021, interest payable monthly at 3.38% and 3.07%, respectively
$
400.0

 
$
400.0

Term Loan “B” Facility due 2023, interest payable monthly at 3.88% and 3.57%, respectively
1,204.5

 
1,204.5

1.00% Notes due 2020 (1)
690.0

 
690.0

1.625% Notes due 2023 (2)
575.0

 
575.0

Note payable to SMBC due 2016 through 2018, interest payable quarterly at 0% and 3.09%, respectively (3)

 
122.7

U.S. real estate mortgages payable monthly through 2019 at an average rate of 3.12% and 3.12%, respectively (4)
33.1

 
34.2

Philippine term loans due 2017 through 2020, interest payable quarterly at 4.15% and 3.73%, respectively (7)
29.4

 
32.4

Loan with Singapore bank, interest payable weekly at 3.13% and 2.80%, respectively (6) (10)
25.0

 
25.0

Loan with Hong Kong bank, interest payable weekly at 3.13% and 2.78%, respectively (6) (10)
25.0

 
25.0

Malaysia revolving line of credit, interest payable quarterly at 3.76% and 3.14%, respectively (7) (10)
25.0

 
25.0

Vietnam revolving line of credit, interest payable quarterly at an average rate of 3.14% and 2.88%, respectively (7) (10)
22.5

 
24.9

Loan with Philippine bank due 2017 through 2019, interest payable quarterly at 4.78% and 4.20%, respectively (5)
8.2

 
9.4

Loan with Japanese bank due 2017 through 2020, interest payable quarterly at 1.10% (7)
2.6

 
2.7

Capital lease obligations
3.2

 
4.2

Gross long-term debt, including current maturities
3,043.5

 
3,175.0

Less: Debt discount (8)
(169.5
)
 
(178.8
)
Less: Debt issuance costs (9)
(42.4
)
 
(44.4
)
Net long-term debt, including current maturities
2,831.6

 
2,951.8

Less: Current maturities
(747.2
)
 
(248.1
)
 Net long-term debt
2,084.4

 
2,703.7

_______________________

(1)
Interest is payable on June 1 and December 1 of each year at 1.00% annually.
(2)
Interest is payable on April 15 and October 15 of each year at 1.625% annually.
(3)
This loan represented SCI LLC's non-collateralized loan with SMBC, which was guaranteed by the Company.
(4)
Debt arrangement collateralized by real estate, including certain of the Company’s facilities in California, Oregon and Idaho.
(5)
Debt collateralized by equipment.
(6)
Debt arrangement collateralized by certain accounts receivable.
(7)
Non-collateralized debt arrangement.
(8)
Debt discount of $57.0 million and $61.9 million for the 1.00% Notes, $100.5 million and $104.3 million for the 1.625% Notes and $12.0 million and $12.5 million for the Term Loan "B" Facility as of March 30, 2018 and December 31, 2017, respectively.
(9)
Debt issuance costs of $8.0 million and $8.6 million for the 1.00% Notes, $9.6 million and $10.0 million for the 1.625% Notes and $24.8 million and $25.8 million for the Term Loan "B" Facility as of March 30, 2018 and December 31, 2017, respectively.
(10)
The Company has historically renewed these arrangements annually.
Annual Maturities Relating To Long-Term Debt
Expected maturities relating to the Company’s long-term debt (including current maturities) as of March 30, 2018 are as follows (in millions):
Period
 
Expected Maturities
Remainder of 2018
 
$
806.4

2019
 
47.7

2020
 
9.8

2021
 
400.0

2022
 

Thereafter
 
1,779.6

Total
 
$
3,043.5