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Debt (Tables)
6 Months Ended
Jul. 02, 2016
Debt Disclosure [Abstract]  
Schedule of carrying values and estimated fair values of debt instruments
The fair values and carrying values of our debt instruments are detailed as follows:
 
July 2, 2016
 
December 31, 2015
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
3.85% Senior Notes, payable February 1, 2023; interest payable semiannually
$
630,012

 
600,000

 
584,730

 
600,000

6.125% Senior Notes, payable January 15, 2016; interest payable semiannually

 

 
646,130

 
645,555

2.00% Senior Notes, payable January 14, 2022; interest payable annually
579,999

 
556,979

 
554,209

 
546,627

U.S. commercial paper
575,500

 
575,500

 
284,800

 
284,800

European commercial paper
593,740

 
593,740

 
472,067

 
472,067

Five-year senior secured credit facility, due March 26, 2021
124,673

 
124,673

 
134,075

 
134,075

Securitization facility
500,000

 
500,000

 
500,000

 
500,000

Capital leases and other
13,217

 
13,217

 
16,805

 
16,807

Unamortized debt issuance costs
(7,825
)
 
(7,825
)
 
(7,964
)
 
(7,964
)
Total debt
3,009,316

 
2,956,284

 
3,184,852

 
3,191,967

Less current portion of long term debt and commercial paper
1,795,584

 
1,795,584

 
2,003,578

 
2,003,003

Long-term debt, less current portion
$
1,213,732

 
1,160,700

 
1,181,274

 
1,188,964