LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Apr. 01, 2023

Debt Disclosure [Abstract]

Long-Term Debt and Financing Arrangements

		April 1, 2023												December 31, 2022
(Millions of Dollars)	Interest Rate	Notional Value		Unamortized Discount		Unamortized Gain/(Loss) Terminated Swaps 1		Purchase Accounting FV Adjustment		Deferred Financing Fees		Carrying Value		Carrying Value
Notes payable due 2025	2.30%	$	500.0	$	(0.4)	$	—	$	—	$	(1.6)	$	498.0	$	497.7
Notes payable due 2026	3.40%	500.0		(0.3)		—		—		(1.3)		498.4		498.3
Notes payable due 2026	6.27%	350.0		—		—		—		(0.9)		349.1		—
Notes payable due 2026	3.42%	25.0		—		—		1.4		(0.1)		26.3		26.4
Notes payable due 2026	1.84%	27.3		—		—		1.3		(0.1)		28.5		28.0
Notes payable due 2028	6.00%	400.0		(0.4)		—		—		(1.4)		398.2		—
Notes payable due 2028	7.05%	150.0		—		5.8		5.5		—		161.3		161.8
Notes payable due 2028	4.25%	500.0		(0.2)		—		—		(2.5)		497.3		497.2
Notes payable due 2028	3.52%	50.0		—		—		3.7		(0.1)		53.6		53.7
Notes payable due 2030	2.30%	750.0		(1.7)		—		—		(3.6)		744.7		744.5
Notes payable due 2032	3.00%	500.0		(0.8)		—		—		(3.1)		496.1		495.9
Notes payable due 2040	5.20%	400.0		(0.2)		(25.7)		—		(2.4)		371.7		371.3
Notes payable due 2048	4.85%	500.0		(0.5)		—		—		(4.7)		494.8		494.8
Notes payable due 2050	2.75%	750.0		(1.9)		—		—		(7.7)		740.4		740.3
Notes payable due 2060 (junior subordinated)	4.00%	750.0		—		—		—		(8.8)		741.2		741.2
Other, payable in varying amounts 2024 through 2027	4.10%-4.31%	2.7		—		—		—		—		2.7		3.0
Total Long-term debt, including current maturities		$	6,155.0	$	(6.4)	$	(19.9)	$	11.9	$	(38.3)	$	6,102.3	$	5,354.1
Less: Current maturities of long-term debt												(1.2)		(1.2)
Long-term debt												$	6,101.1	$	5,352.9

1Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments.