Schedule of Short-term Debt |
Short-term debt consisted of the following: | | | | | | | | | | | | | October 2, 2022 | | December 31, 2021 | Short-term foreign bank borrowings against lines of credit | $ | 130,343 | | $ | 119,038 | U.S. commercial paper | 663,528 | | 820,385 | Total short-term debt | $ | 793,871 | | $ | 939,423 | Weighted average interest rate on outstanding commercial paper | 3.0 | % | | 0.1 | % |
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Schedule of Long-term Debt Instruments |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | | | | | | | Debt Type and Rate | | Maturity Date | | October 2, 2022 | | December 31, 2021 | 2.625% Notes | | May 1, 2023 | | 250,000 | | | 250,000 | | 3.375% Notes | | May 15, 2023 | | 500,000 | | | 500,000 | | 2.050% Notes | | November 15, 2024 | | 300,000 | | | 300,000 | | 0.900% Notes | | June 1, 2025 | | 300,000 | | | 300,000 | | 3.200% Notes | | August 21, 2025 | | 300,000 | | | 300,000 | | 2.300% Notes | | August 15, 2026 | | 500,000 | | | 500,000 | | 7.200% Debentures | | August 15, 2027 | | 193,639 | | | 193,639 | | 2.450% Notes | | November 15, 2029 | | 300,000 | | | 300,000 | | 1.700% Notes | | June 1, 2030 | | 350,000 | | | 350,000 | | 3.375% Notes | | August 15, 2046 | | 300,000 | | | 300,000 | | 3.125% Notes | | November 15, 2049 | | 400,000 | | 400,000 | 2.650% Notes | | June 1, 2050 | | 350,000 | | 350,000 | Finance lease obligations (see Note 7) | | | | 69,719 | | 69,146 | Net impact of interest rate swaps, debt issuance costs and unamortized debt discounts | | | | (20,486) | | (23,314) | Total long-term debt | | | | 4,092,872 | | | 4,089,471 | | Less—current portion | | | | 752,201 | | 2,844 | Long-term portion | | | | $ | 3,340,671 | | | $ | 4,086,627 | |
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Schedule of Net Interest Expense |
Net interest expense consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | October 2, 2022 | | October 3, 2021 | | October 2, 2022 | | October 3, 2021 | Interest expense | | $ | 38,520 | | | $ | 33,066 | | | $ | 109,526 | | | $ | 106,597 | | Capitalized interest | | (2,487) | | | (2,380) | | | (6,155) | | | (7,181) | | Interest expense | | 36,033 | | | 30,686 | | | 103,371 | | | 99,416 | | Interest income | | (655) | | | (532) | | | (1,401) | | | (1,761) | | Interest expense, net | | $ | 35,378 | | | $ | 30,154 | | | $ | 101,970 | | | $ | 97,655 | |
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