Debt (Tables)

9 Months Ended

Sep. 28, 2019

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:

	At September 28, 2019					At December 31, 2018
	Fair Value			Carrying Value		Fair Value		Carrying Value
3.85% senior notes, payable February 1, 2023; interest payable semiannually	$	626,491		600,000		599,904		600,000
2.00% senior notes, payable January 14, 2022; interest payable annually	569,037			547,046		587,487		572,148
Floating Rate Notes, payable May 18, 2020, interest payable quarterly	328,002			328,228		343,004		343,289
Floating Rate Notes, payable September 11, 2019, interest payable quarterly	—			—		343,560		343,289
Floating rate notes, payable September 04, 2021, interest payable quarterly	324,650			328,228		—		—
U.S. commercial paper	409,800			409,800		632,668		632,668
European commercial paper	522,976			522,976		707,175		707,175
Five-year senior secured credit facility, due March 26, 2022	2,500			2,500		57,896		57,896
Capital leases and other	21,469			21,469		6,664		6,664
Unamortized debt issuance costs	(3,508		)	(3,508	)	(5,155	)	(5,155	)
Total debt	2,801,417			2,756,739		3,273,203		3,257,974
Less current portion of long-term debt and commercial paper	1,273,158			1,273,158		1,742,373		1,742,373
Long-term debt, less current portion	$	1,528,259		1,483,581		1,530,830		1,515,601