External Debt and Financing Arrangements (Tables)

12 Months Ended

Dec. 30, 2023

Debt Disclosure [Abstract]

Summary of Outstanding Notes

The following table provides a summary of the Company’s outstanding Notes, including the carrying value of the Notes, net of underwriting commissions, price discounts and debt issuance costs, as of December 30, 2023 and December 31, 2022:

(in millions)					Net Carrying Value
Coupon Rate	Principal Amount		Issuance Date	Maturity Date	December 30, 2023		December 31, 2022
4.000% Senior Notes	$	500.0	June 2015	June 2025	$	498.9	$	498.1
4.000% Senior Notes	$	600.0	September 2018	September 2023		-		599.2
3.250% Senior Notes	$	700.0	September 2019	September 2029		695.7		695.0
4.000% Senior Notes	$	450.0	March 2022	March 2032		446.2		445.8
4.500% Senior Notes	$	450.0	March 2022	March 2052		435.9		435.4
5.875% Senior Notes	$	600.0	June 2023	June 2033		593.4		-
Total Senior Notes					$	2,670.1	$	2,673.5

As of December 30, 2023 and December 31, 2022, the components of long-term debt were as follows:

(In millions)	2023		2022
Notes (due 2025 to 2052)	$	2,670.1	$	2,673.5
Less: current portion		—		599.2
Total long-term debt	$	2,670.1	$	2,074.3