Long-Term Debt and Letters of Credit (Tables)

9 Months Ended

Oct. 03, 2021

Debt Disclosure [Abstract]

Summary of Long-Term Debt

	Balance at
Long-Term Debt (in millions):	October 3, 2021		January 3, 2021
$1.15 billion credit facility due March 2026, weighted average variable rate of 1.18% at October 3, 2021 and 1.05% at January 3, 2021	$	125.0	$	125.0
Term loan due October 2024, variable rate of 1.16% at October 3, 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 Senior Notes due April 2023	300.0		—
0.95% Fixed Rate Senior Notes due April 2024	450.0		—
1.60% Fixed Rate Senior Notes due April 2026	450.0		—
2.25% Fixed Rate Senior Notes due April 2028	700.0		—
2.50% Fixed Rate Senior Notes due August 2030	500.0		—
2.75% Fixed Rate Senior Notes due April 2031	1,100.0		—
Term loan due May 2026, variable rate of 1.33% at October 3, 2021	700.0		—
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	0.8		4.0
Debt discount and debt issuance costs	(34.1)		(0.8)
Total debt, net	4,441.7		778.5
Less: current portion of long-term debt and other debt	—		(97.6)
Total long-term debt, net of current portion	$	4,441.7	$	680.9