XML 62 R51.htm IDEA: XBRL DOCUMENT v3.21.1
Long-Term Debt and Letters of Credit - Long-Term Debt (Details)
Apr. 04, 2021
USD ($)
Apr. 04, 2021
EUR (€)
Mar. 22, 2021
USD ($)
Mar. 04, 2021
USD ($)
Jan. 03, 2021
USD ($)
Debt Instrument [Line Items]          
Debt discount and debt issuance costs $ (32,300,000)       $ (800,000)
Total debt, net 3,243,300,000       778,500,000
Less: current portion of long-term debt and other debt 0       (97,600,000)
Long-term debt, net of current portion 3,243,300,000       680,900,000
Credit facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity       $ 1,000,000,000.0  
Debt face (in euro)       $ 1,000,000,000.0  
Credit facility | Revolving credit facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity $ 750,000,000.0       $ 750,000,000
Weighted average interest rate 1.21% 1.21%     1.05%
Long-term debt, gross $ 125,000,000.0       $ 125,000,000.0
Term loans | 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%          
Debt Instrument [Line Items]          
Effective interest rate 1.11% 1.11%     1.15%
Stated interest rate 0.612% 0.612%      
Long-term debt, gross $ 150,000,000.0       $ 150,000,000.0
Senior notes          
Debt Instrument [Line Items]          
Debt face (in euro) $ 3,000,000,000.0   $ 3,000,000,000.0    
Senior notes | 0.65% Fixed Rate Notes due April 2023          
Debt Instrument [Line Items]          
Stated interest rate 0.65% 0.65% 0.65%    
Debt face (in euro)     $ 300,000,000.0    
Long-term debt, gross $ 300,000,000.0       0
Senior notes | 0.95% Fixed Rate Notes due April 2024          
Debt Instrument [Line Items]          
Stated interest rate 0.95% 0.95% 0.95%    
Debt face (in euro)     $ 450,000,000.0    
Long-term debt, gross $ 450,000,000.0       0
Senior notes | 1.60% Fixed Rate Notes due April 2026          
Debt Instrument [Line Items]          
Stated interest rate 1.60% 1.60% 1.60%    
Debt face (in euro)     $ 450,000,000.0    
Long-term debt, gross $ 450,000,000.0       0
Senior notes | 2.25% Fixed Rate Notes due April 2028          
Debt Instrument [Line Items]          
Stated interest rate 2.25% 2.25% 2.25%    
Debt face (in euro)     $ 700,000,000.0    
Long-term debt, gross $ 700,000,000.0       0
Senior notes | 2.75% Fixed Rate Notes due April 2031          
Debt Instrument [Line Items]          
Stated interest rate 2.75% 2.75% 2.75%    
Debt face (in euro)     $ 1,100,000,000    
Long-term debt, gross $ 1,100,000,000.0       0
Senior notes | 3.09% Fixed Rate Senior Notes repaid March 2021          
Debt Instrument [Line Items]          
Stated interest rate 3.09% 3.09%      
Long-term debt, gross $ 0       95,000,000.0
Senior notes | 3.28% Fixed Rate Senior Notes repaid March 2021          
Debt Instrument [Line Items]          
Stated interest rate 3.28% 3.28%      
Long-term debt, gross $ 0       100,000,000.0
Senior notes | 0.70% €50 Million Fixed Rate Senior Notes repaid March 2021          
Debt Instrument [Line Items]          
Stated interest rate 0.70% 0.70%      
Debt face (in euro) | €   € 50,000,000      
Long-term debt, gross $ 0       61,100,000
Senior notes | 0.92% €100 Million Fixed Rate Senior Notes repaid March 2021          
Debt Instrument [Line Items]          
Stated interest rate 0.92% 0.92%      
Debt face (in euro) | €   € 100,000,000      
Long-term debt, gross $ 0       122,100,000
Senior notes | 1.09% €100 Million Fixed Rate Senior Notes repaid March 2021          
Debt Instrument [Line Items]          
Stated interest rate 1.09% 1.09%      
Debt face (in euro) | €   € 100,000,000      
Long-term debt, gross $ 0       122,100,000
Other debt          
Debt Instrument [Line Items]          
Long-term debt, gross $ 600,000       $ 4,000,000.0