Long-Term Debt (Tables)

6 Months Ended

Jul. 02, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

	Balance at
Long-Term Debt (in millions):	July 2, 2023		January 1, 2023
$1.15 billion credit facility due March 2026, weighted average variable rate of 5.76% at July 2, 2023 and 5.46% at January 1, 2023	$	—	$	125.0
0.65% Fixed Rate Senior Notes due April 2023	—		300.0
0.95% Fixed Rate Senior Notes due April 2024	450.0		450.0
Term loan due October 2024, variable rate of 6.45% at July 2, 2023 and 5.63% at January 1, 2023, swapped to a Euro fixed rate of 0.61%	150.0		150.0
1.60% Fixed Rate Senior Notes due April 2026	450.0		450.0
Term loan due May 2026, variable rate of 6.45% at July 2, 2023 and 5.61% at January 1, 2023	110.0		245.0
2.25% Fixed Rate Senior Notes due April 2028	700.0		700.0
2.50% Fixed Rate Senior Notes due August 2030	485.0		485.0
2.75% Fixed Rate Senior Notes due April 2031	1,030.0		1,040.0
Other debt	2.0		2.1
Debt discount and debt issuance costs	(23.7)		(26.5)
Total debt, net	3,353.3		3,920.6
Less: current portion of long-term debt	(450.1)		(300.1)
Total long-term debt, net of current portion	$	2,903.2	$	3,620.5