Long-Term Debt and Letters of Credit (Tables)

3 Months Ended

Apr. 04, 2021

Debt Disclosure [Abstract]

Summary of Long-Term Debt

	Balance at
Long-Term Debt (in millions):	April 4, 2021		January 3, 2021
$750 million credit facility due March 2024, weighted average rate of 1.21% at April 4, 2021 and 1.05% at January 3, 2021	$	125.0	$	125.0
Term loan due October 2024, variable rate of 1.11% at April 4, 2021 and 1.15% at January 3, 2021, swapped to a Euro fixed rate of 0.6120%	150.0		150.0
0.65% Fixed Rate Notes due April 2023	300.0		—
0.95% Fixed Rate Notes due April 2024	450.0		—
1.60% Fixed Rate Notes due April 2026	450.0		—
2.25% Fixed Rate Notes due April 2028	700.0		—
2.75% Fixed Rate Notes due April 2031	1,100.0		—
3.09% Fixed Rate Senior Notes repaid March 2021	—		95.0
3.28% Fixed Rate Senior Notes repaid March 2021	—		100.0
0.70% €50 Million Fixed Rate Senior Notes repaid March 2021	—		61.1
0.92% €100 Million Fixed Rate Senior Notes repaid March 2021	—		122.1
1.09% €100 Million Fixed Rate Senior Notes repaid March 2021	—		122.1
Other debt	0.6		4.0
Debt discount and debt issuance costs	(32.3)		(0.8)
Total debt, net	3,243.3		778.5
Less: current portion of long-term debt and other debt	—		(97.6)
Total long-term debt, net of current portion	$	3,243.3	$	680.9