LT Debt (Tables)

9 Months Ended

Oct. 01, 2022

Schedule of Long-term Debt Instruments [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt consists of the following:

(thousands)	October 1, 2022		December 31, 2021
North American asset securitization program	$	1,240,000	$	—
4.50% notes, due 2023	—		299,283
3.25% notes, due 2024	497,853		497,060
4.00% notes, due 2025	348,170		347,657
7.50% senior debentures, due 2027	110,082		110,021
3.875% notes, due 2028	496,289		495,823
2.95% notes, due 2032	494,395		494,022
Other obligations with various interest rates and due dates	236		577
	$	3,187,025	$	2,244,443

Schedule of Fair Value of Debt [Text Block]

The estimated fair market value of long-term debt, using quoted market prices, is as follows:

(thousands)	October 1, 2022		December 31, 2021
4.50% notes, due 2023	$	—	$	309,000
3.25% notes, due 2024	481,500		522,000
4.00% notes, due 2025	337,000		374,000
7.50% senior debentures, due 2027	118,000		136,000
3.875% notes, due 2028	451,500		542,500
2.95% notes, due 2032	383,000		504,500