XML 77 R64.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt - Schedule of Fair Value and Carrying Value of Debt Instruments (Details) - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 31, 2023
Jun. 12, 2020
May 14, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Less: current portion of long term-debt and commercial paper $ 931.5 $ 1,001.7    
1.750% Senior Notes, payable June 12, 2027; interest payable annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Interest rate (as a percent) 1.75% 1.75% 1.75%  
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Interest rate (as a percent) 3.625% 3.625%   3.625%
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Interest rate (as a percent) 5.85% 5.85%    
Fair Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Finance leases and other $ 83.8 $ 77.7    
Unamortized debt issuance costs (10.2) (11.0)    
Total debt 2,577.9 2,660.4    
Less: current portion of long term-debt and commercial paper 931.5 1,001.7    
Long-term debt, less current portion 1,646.4 1,658.7    
Fair Value | United States        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Commercial paper 532.0 0.0    
Term Loan Facility 0.0 675.0    
Fair Value | Europe        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Commercial paper 380.9 0.0    
Term Loan Facility 0.0 242.8    
Fair Value | 1.750% Senior Notes, payable June 12, 2027; interest payable annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 511.7 521.9    
Fair Value | 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 461.7 464.0    
Fair Value | 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 618.0 622.9    
Fair Value | Senior credit facility, payable August 12, 2027        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 0.0 67.1    
Carrying Value        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Finance leases and other 83.8 77.7    
Unamortized debt issuance costs (10.2) (11.0)    
Total debt 2,626.0 2,703.5    
Less: current portion of long term-debt and commercial paper 931.5 1,001.7    
Long-term debt, less current portion 1,694.5 1,701.8    
Carrying Value | United States        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Commercial paper 532.0 0.0    
Term Loan Facility 0.0 675.0    
Carrying Value | Europe        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Commercial paper 380.9 0.0    
Term Loan Facility 0.0 242.8    
Carrying Value | 1.750% Senior Notes, payable June 12, 2027; interest payable annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 539.5 551.9    
Carrying Value | 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 500.0 500.0    
Carrying Value | 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually | Senior Notes        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable 600.0 600.0    
Carrying Value | Senior credit facility, payable August 12, 2027        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Notes payable $ 0.0 $ 67.1