LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jul. 01, 2023

Debt Disclosure [Abstract]

Long-Term Debt and Financing Arrangements

		July 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)	$	—	$	—	$	(1.4)	$	498.2	$	497.7
Notes payable due 2026	3.40%	500.0		(0.3)		—		—		(1.1)		498.6		498.3
Notes payable due 2026	6.27%	350.0		—		—		—		(1.4)		348.6		—
Notes payable due 2026	3.42%	25.0		—		—		1.3		(0.1)		26.2		26.4
Notes payable due 2026	1.84%	27.2		—		—		1.2		(0.2)		28.2		28.0
Notes payable due 2028	6.00%	400.0		(0.4)		—		—		(2.0)		397.6		—
Notes payable due 2028	7.05%	150.0		—		5.4		5.3		—		160.7		161.8
Notes payable due 2028	4.25%	500.0		(0.2)		—		—		(2.4)		497.4		497.2
Notes payable due 2028	3.52%	50.0		—		—		3.5		(0.2)		53.3		53.7
Notes payable due 2030	2.30%	750.0		(1.7)		—		—		(3.5)		744.8		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)		(25.3)		—		(2.4)		372.1		371.3
Notes payable due 2048	4.85%	500.0		(0.5)		—		—		(4.6)		494.9		494.8
Notes payable due 2050	2.75%	750.0		(1.8)		—		—		(7.7)		740.5		740.3
Notes payable due 2060 (junior subordinated)	4.00%	750.0		—		—		—		(8.7)		741.3		741.2
Other, payable in varying amounts 2024 through 2027	4.10%-4.31%	2.5		—		—		—		—		2.5		3.0
Total Long-term debt, including current maturities		$	6,154.7	$	(6.3)	$	(19.9)	$	11.3	$	(38.8)	$	6,101.0	$	5,354.1
Less: Current maturities of long-term debt												(1.1)		(1.2)
Long-term debt												$	6,099.9	$	5,352.9

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