XML 91 R76.htm IDEA: XBRL DOCUMENT v3.24.0.1
External Debt and Financing Arrangements - Additional Information (Detail) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended 12 Months Ended
Mar. 18, 2022
Jun. 30, 2023
Aug. 31, 2022
Nov. 30, 2021
Sep. 30, 2023
Dec. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Mar. 25, 2022
Debt Instrument [Line Items]                  
Aggregate outstanding notes           $ 2,700.0      
Repayment of long-term debt           470.0 $ 5,612.5 $ 1,510.0  
Long-term debt           2,670.1 2,673.5    
Debt Instrument, Description of Variable Rate Basis       As a result, interest rates under the 2021 Term Loan were variable based on SOFR at the time of the borrowing and the Company’s long-term credit rating and could range from SOFR + 0.725% to SOFR + 1.350%          
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital           30.5 20.5    
Uncommitted bank lines of credit, which provide for unsecured borrowings for working capital amount outstanding           $ 0.0 $ 0.0    
Weighted-average interest rates on borrowings           0.00% 0.00%    
2021 Term Loan [Member]                  
Debt Instrument [Line Items]                  
Line of Credit Facility, Maximum Borrowing Capacity       $ 400.0          
Principal Amount $ 600.0                
2021 Term Loan [Member] | SOFR Member                  
Debt Instrument [Line Items]                  
Principal Amount       $ 600.0          
2021 Term Loan [Member] | SOFR Member | Minimum [Member]                  
Debt Instrument [Line Items]                  
Interest rate over LIBOR       0.725%          
2021 Term Loan [Member] | SOFR Member | Maximum [Member]                  
Debt Instrument [Line Items]                  
Interest rate over LIBOR       1.35%          
2021 Term Loan [Member] | LIBOR Member                  
Debt Instrument [Line Items]                  
Principal Amount       $ 400.0          
Commercial Paper Program [Member]                  
Debt Instrument [Line Items]                  
Line of Credit Facility, Maximum Borrowing Capacity       $ 1,250.0          
Long-term debt           $ 0.0 $ 0.0    
2018 Senior Notes [Member] | 4.000% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Aggregate principal amount           $ 600.0      
Maturity Date           2023-09      
Issuance Date           2018-09      
Long-term debt           $ 0.0 599.2    
Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Aggregate principal amount   $ 600.0              
Long-term debt payments due in 2024           0.0      
Long-term debt payments due in 2025           500.0      
Long-term debt payments due in 2026           0.0      
Long-term debt payments due in 2027           0.0      
Long-term debt payments due in 2028           0.0      
Long-term debt payments due in 2029 and beyond           2,200.0      
Interest payments due in 2024           116.3      
Interest payments due in 2025 through 2026           202.5      
Interest payments due in 2027 through 2028           192.5      
Interest payments due in 2029 and beyond           723.5      
Senior Notes [Member] | 5.875% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Senior unsecured notes, maturity year   2033              
Senior unsecured notes, coupon rate   5.875%              
Maturity Date   2023-09              
Senior Notes [Member] | 4.000% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Repayments of senior unsecured notes         $ 600.0        
Senior unsecured notes, coupon rate   4.00%     4.00%        
2022 Revolving Credit Agreement [Member] | 4.000% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Aggregate principal amount           $ 450.0      
Maturity Date           2032-03      
Issuance Date           2022-03      
Long-term debt           $ 446.2 445.8    
2022 Revolving Credit Agreement [Member] | 4.500% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Aggregate principal amount           $ 450.0      
Maturity Date           2052-03      
Issuance Date           2022-03      
Long-term debt           $ 435.9 435.4    
2022 Revolving Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Line of Credit Facility, Maximum Borrowing Capacity     $ 1,250.0            
Term loan maturity period     2027-08            
Debt Instrument, Description of Variable Rate Basis     Interest rates under the 2022 Revolving Credit Agreement are variable based on the Secured Overnight Financing Rate (“SOFR”) at the time of the borrowing and the Company’s long-term credit rating and can range from SOFR + 1.02% to SOFR + 1.525%            
Debt instrument, covenant description     Under the 2022 Revolving Credit Agreement, the Company is required to maintain a minimum ratio of consolidated EBITDA to consolidated interest expense of 3.0 to 1.0. Consolidated EBITDA is defined as consolidated net income before interest expense, income taxes, depreciation, amortization of intangible assets, losses from asset impairments, and certain other adjustments. In addition, the Company's ratio of consolidated debt minus certain cash and cash equivalents to consolidated EBITDA generally may not exceed 3.5 to 1.0.            
Required minimum ratio of consolidated EBITDA to consolidated interest expense     0.3            
Ratio of consolidated debt minus certain cash and cash equivalents to consolidated EBITDA     0.35            
Term loan, outstanding borrowings           $ 0.0 $ 0.0    
2022 Revolving Credit Agreement [Member] | SOFR Member | Minimum [Member]                  
Debt Instrument [Line Items]                  
Interest rate over LIBOR     1.02%            
2022 Revolving Credit Agreement [Member] | SOFR Member | Maximum [Member]                  
Debt Instrument [Line Items]                  
Interest rate over LIBOR     1.525%            
Second Amended And Incremental Agreement Term Loan Twenty Twenty One [Member] | 2021 Term Loan [Member]                  
Debt Instrument [Line Items]                  
Term loan maturity period       2022-11          
Term loan, outstanding borrowings                 $ 1,100.0
Principal Amount $ 1,100.0