LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 30, 2024

Debt Disclosure [Abstract]

Long-Term Debt and Financing Arrangements

		March 30, 2024												December 30, 2023
(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	$	(0.2)	$	—	$	—	$	(0.8)	$	499.0	$	498.7
Notes payable due 2026	3.40%	500.0		(0.2)		—		—		(0.8)		499.0		498.9
Notes payable due 2026	6.27%	350.0		—		—		—		(1.2)		348.8		348.6
Notes payable due 2026	3.42%	25.0		—		—		0.9		—		25.9		26.0
Notes payable due 2026	1.84%	27.0		—		—		0.9		(0.1)		27.8		28.5
Notes payable due 2028	6.00%	400.0		(0.4)		—		—		(2.0)		397.6		397.5
Notes payable due 2028	7.05%	150.0		—		4.7		4.5		—		159.2		159.7
Notes payable due 2028	4.25%	500.0		(0.1)		—		—		(2.0)		497.9		497.7
Notes payable due 2028	3.52%	50.0		—		—		3.1		(0.2)		52.9		53.1
Notes payable due 2030	2.30%	750.0		(1.5)		—		—		(3.1)		745.4		745.3
Notes payable due 2032	3.00%	500.0		(0.7)		—		—		(2.8)		496.5		496.3
Notes payable due 2040	5.20%	400.0		(0.2)		(24.3)		—		(2.2)		373.3		372.9
Notes payable due 2048	4.85%	500.0		(0.5)		—		—		(4.5)		495.0		495.0
Notes payable due 2050	2.75%	750.0		(1.7)		—		—		(7.5)		740.8		740.7
Notes payable due 2060 (junior subordinated)	4.00%	750.0		—		—		—		(8.5)		741.5		741.4
Other, payable in varying amounts 2024 through 2027	4.10%-4.31%	1.5		—		—		—		—		1.5		1.8
Total Long-term debt, including current maturities		$	6,153.5	$	(5.5)	$	(19.6)	$	9.4	$	(35.7)	$	6,102.1	$	6,102.1
Less: Current maturities of long-term debt												(500.0)		(1.1)
Long-term debt												$	5,602.1	$	6,101.0

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