Long-Term Debt and Letters of Credit (Tables)

3 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

	Balance at
Long-Term Debt (in millions):	April 3, 2022		January 2, 2022
$1.15 billion credit facility due March 2026, weighted average variable rate of 1.97% at April 3, 2022 and 1.20% at January 2, 2022	$	157.0	$	125.0
Term loan due October 2024, variable rate of 1.69% at April 3, 2022 and 1.35% at January 2, 2022, swapped to a Euro fixed rate of 0.6120%	149.7		150.6
0.65% Fixed Rate Senior Notes due April 2023	300.0		300.0
0.95% Fixed Rate Senior Notes due April 2024	450.0		450.0
1.60% Fixed Rate Senior Notes due April 2026	450.0		450.0
2.25% Fixed Rate Senior Notes due April 2028	700.0		700.0
2.50% Fixed Rate Senior Notes due August 2030	500.0		500.0
2.75% Fixed Rate Senior Notes due April 2031	1,100.0		1,100.0
Term loan due May 2026, variable rate of 1.70% at April 3, 2022 and 1.35% at January 2, 2022	355.0		355.0
Other debt	0.7		0.7
Debt discount and debt issuance costs	(30.6)		(31.9)
Total debt, net	4,131.8		4,099.4
Less: current portion of long-term debt	(300.0)		—
Total long-term debt, net of current portion	$	3,831.8	$	4,099.4