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DEBT AND BANK CREDIT FACILITIES (Narrative) (Details)
3 Months Ended 6 Months Ended
Feb. 15, 2021
USD ($)
Aug. 27, 2018
USD ($)
Jul. 03, 2021
USD ($)
Jun. 27, 2020
USD ($)
Jul. 03, 2021
USD ($)
tranche
Jun. 27, 2020
USD ($)
Mar. 17, 2021
USD ($)
Mar. 16, 2021
USD ($)
Jan. 02, 2021
USD ($)
Debt Instrument [Line Items]                  
Long-term debt     $ 1,019,900,000   $ 1,019,900,000       $ 1,071,400,000
Fair value of debt     1,031,100,000   1,031,100,000       1,085,800,000
Term Facility                  
Debt Instrument [Line Items]                  
Principal amount   $ 900,000,000.0              
Debt instrument term   5 years              
Amortization rate per annum   5.00%              
Amortization rate, after two years   7.50%              
Amortization rate, last two years   10.00%              
Percent of certain cash proceeds received for required prepayment   100.00%              
Long-term debt, gross     620,000,000.0   620,000,000.0       670,000,000.0
Multicurrency Revolving Facility                  
Debt Instrument [Line Items]                  
Principal amount   $ 500,000,000.0              
Debt instrument term   5 years              
Senior Notes                  
Debt Instrument [Line Items]                  
Long-term debt, gross     400,000,000.0   400,000,000.0       400,000,000.0
Other                  
Debt Instrument [Line Items]                  
Long-term debt, gross     $ 4,300,000   $ 4,300,000       $ 4,600,000
Weighted average interest rate     4.90%   4.90%       4.90%
Bridge Loan                  
Debt Instrument [Line Items]                  
Principal amount $ 2,100,000,000                
Debt instrument term 364 days                
Additional commitment             $ 250,000,000.0    
Letter of Credit                  
Debt Instrument [Line Items]                  
Principal amount   $ 50,000,000.0              
Amended and Restated Credit Agreement | Term Facility                  
Debt Instrument [Line Items]                  
Principal amount             2,100,000,000    
Multicurrency Revolving Facility                  
Debt Instrument [Line Items]                  
Principal amount   $ 750,000,000.0         $ 750,000,000.0 $ 500,000,000.0  
Consolidated Fund Debt To EBITDA Ratio             3.00 4.50  
Multicurrency Revolving Facility | Term Facility                  
Debt Instrument [Line Items]                  
Available borrowing capacity     $ 749,800,000   $ 749,800,000        
Multicurrency Revolving Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Borrowings under line of credit     0   0        
Multicurrency Revolving Facility | Letter of Credit | Term Facility                  
Debt Instrument [Line Items]                  
Borrowings under line of credit     200,000   200,000        
2011 Notes | Senior Notes                  
Debt Instrument [Line Items]                  
Senior notes     400,000,000.0   $ 400,000,000.0        
Number of tranches in private placement | tranche         5        
2011 Notes | Minimum | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument term         10 years        
2011 Notes | Maximum | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument term         12 years        
Backstop Commitment Letter | Bridge Loan                  
Debt Instrument [Line Items]                  
Principal amount $ 1,100,000,000                
Land Commitment Letter | Bridge Loan                  
Debt Instrument [Line Items]                  
Principal amount $ 487,000,000.0                
Fixed Rate Series 2011A, Maturing 2021 | Senior Notes                  
Debt Instrument [Line Items]                  
Long-term debt, gross     230,000,000.0   $ 230,000,000.0        
Fixed Rate Series 2011A, Maturing 2023 | Senior Notes                  
Debt Instrument [Line Items]                  
Long-term debt, gross     $ 170,000,000.0   $ 170,000,000.0        
Emerson Electric Co. | Term Facility                  
Debt Instrument [Line Items]                  
Weighted average interest rate, over time     1.40% 1.60% 1.50% 2.90%      
Emerson Electric Co. | Multicurrency Revolving Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Weighted average interest rate, over time     1.40% 1.90% 1.40% 2.40%      
Average daily balance     $ 2,400,000 $ 408,700,000 $ 4,900,000 $ 258,800,000