Debt (Tables)

6 Months Ended

Jul. 01, 2017

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 1, 2017					December 31, 2016
	Fair Value			Carrying Value		Fair Value		Carrying Value
3.85% Senior Notes, payable February 1, 2023; interest payable semiannually	$	621,852		600,000		615,006		600,000
2.00% Senior Notes, payable January 14, 2022; interest payable annually	598,749			571,298		556,460		525,984
U.S. commercial paper	478,790			478,790		283,800		283,800
European commercial paper	1,066,042			1,066,042		536,503		536,503
2015 Senior Credit Facility	48,773			48,773		60,672		60,672
Securitization facility, due December 19, 2017	150,000			150,000		500,000		500,000
Capital leases and other	19,727			19,727		11,643		11,643
Unamortized debt issuance costs	(6,113		)	(6,113	)	(7,117	)	(7,117	)
Total debt	2,977,820			2,928,517		2,556,967		2,511,485
Less current portion of long term debt and commercial paper	1,754,077			1,754,077		1,382,738		1,382,738
Long-term debt, less current portion	$	1,223,743		1,174,440		1,174,229		1,128,747