Debt (Tables)

9 Months Ended

Oct. 01, 2022

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 1, 2022			At December 31, 2021
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	428,550	490,052	601,037	566,380
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	416,750		500,000	538,545	500,000
3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually	597,966		600,000	615,630	600,000
U.S. commercial paper	932,000		932,000	598,000	598,000
European commercial paper	—		—	15,859	15,859
Finance leases and other	47,081		47,081	53,163	53,163
Unamortized debt issuance costs	(7,010)		(7,010)	(8,617)	(8,617)
Total debt	2,415,337		2,562,123	2,413,617	2,324,785
Less current portion of long term-debt and commercial paper	1,540,105		1,542,139	624,503	624,503
Long-term debt, less current portion	$	875,232	1,019,984	1,789,114	1,700,282