Debt (Tables)

9 Months Ended

Oct. 02, 2021

Debt Disclosure [Abstract]

Schedule of carrying values and estimated fair values of debt instruments

The fair values and carrying values of the Company’s debt instruments are detailed as follows:

	At October 2, 2021			At December 31, 2020
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	623,655	579,643	635,664	615,006
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	546,490		500,000	561,890	500,000
3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually	622,518		600,000	638,844	600,000
2.00% Senior Notes, payable January 14, 2022; interest payable annually (1)	580,385		579,643	624,680	615,006
2021 Floating Rate Notes, payable September 04, 2021; interest payable quarterly	—		—	368,738	369,004
Finance leases and other	48,816		48,816	46,302	46,302
Unamortized debt issuance costs	(9,226)		(9,226)	(11,176)	(11,176)
Total debt	2,412,638		2,298,876	2,864,942	2,734,142
Less current portion of long term debt and commercial paper	589,411		588,669	376,989	377,255
Long-term debt, less current portion	$	1,823,227	1,710,207	2,487,953	2,356,887

(1) Subsequent to the quarter end, the 2.00% Senior Notes were redeemed at the par by the Company on October 19, 2021.