Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-Term Debt (dollars in millions):	December 31, 2023		January 1, 2023
$1.15 billion credit facility, due March 2026, weighted average variable rate of 5.46% at January 1, 2023	$	—	$	125.0
0.65% Fixed Rate Senior Notes due and paid April 2023	—		300.0
0.95% Fixed Rate Senior Notes due April 2024, callable after April 2022	450.0		450.0
Term loan due October 2024, variable rate of 6.71% at December 31, 2023 and 5.63% at January 1, 2023, swapped to a Euro fixed rate of 0.612%	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 5.61% at January 1, 2023	—		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	1.0		2.1
Debt issuance costs	(21.1)		(26.5)
Total long-term debt	3,244.9		3,920.6
Current portion of long-term debt and other debt	(600.1)		(300.1)
Total long-term debt, net of current portion	$	2,644.8	$	3,620.5

Schedule of Maturities of Long-term Debt

Maturities of long-term debt as of December 31, 2023 (in millions):

Fiscal year
2024	$	600.1
2025	0.2
2026	450.2
2027	0.2
2028	700.1
Thereafter	1,515.2
Total principal payments	3,266.0
Debt issuance costs	(21.1)
Total debt	$	3,244.9