XML 65 R55.htm IDEA: XBRL DOCUMENT v3.22.2
Long-Term Debt and Letters of Credit - Long-Term Debt (Details) - USD ($)
Jul. 03, 2022
Jan. 02, 2022
Debt Instrument [Line Items]    
Long-term debt, gross $ 3,975,000,000 $ 4,130,000,000
Debt discount and debt issuance costs (29,300,000) (31,900,000)
Total debt, net 3,945,700,000 4,099,400,000
Less: current portion of long-term debt (300,000,000.0) 0
Long-term debt, net of current portion 3,645,700,000 $ 4,099,400,000
Credit facility | Revolving credit facility    
Debt Instrument [Line Items]    
Maximum borrowing capacity $ 1,150,000,000  
Weighted average interest rate 2.71% 1.20%
Long-term debt, gross $ 125,000,000 $ 125,000,000.0
Term loans | Term loan due October 2024, variable rate of 2.92% at July 3, 2022 and 1.35% at January 2, 2022, swapped to a Euro fixed rate of 0.6120%    
Debt Instrument [Line Items]    
Variable interest rate 2.92% 1.35%
Stated interest rate (as a percent) 0.612%  
Long-term debt, gross $ 149,300,000 $ 150,600,000
Term loans | Term loan due May 2026, variable rate of 2.86% at July 3, 2022 and 1.35% at January 2, 2022    
Debt Instrument [Line Items]    
Variable interest rate 2.86% 1.35%
Long-term debt, gross $ 275,000,000.0 $ 355,000,000.0
Senior notes | 0.65% Fixed Rate Senior Notes due April 2023    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 0.65%  
Long-term debt, gross $ 300,000,000.0 300,000,000.0
Senior notes | 0.95% Fixed Rate Senior Notes due April 2024    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 0.95%  
Long-term debt, gross $ 450,000,000.0 450,000,000.0
Senior notes | 1.60% Fixed Rate Senior Notes due April 2026    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 1.60%  
Long-term debt, gross $ 450,000,000.0 450,000,000.0
Senior notes | 2.25% Fixed Rate Senior Notes due April 2028    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 2.25%  
Long-term debt, gross $ 700,000,000.0 700,000,000.0
Senior notes | 2.50% Fixed Rate Senior Notes due August 2030    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 2.50%  
Long-term debt, gross $ 485,000,000.0 500,000,000.0
Senior notes | 2.75% Fixed Rate Senior Notes due April 2031    
Debt Instrument [Line Items]    
Stated interest rate (as a percent) 2.75%  
Long-term debt, gross $ 1,040,000,000 1,100,000,000
Other debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 700,000 $ 700,000