Recapitalizations and Financing Arrangements (Tables)

12 Months Ended

Jan. 02, 2022

Debt Disclosure [Abstract]

Consolidated Long-Term Debt

At January 2, 2022 and January 3, 2021, consolidated long-term debt consisted of the following:

	January 2, 2022			January 3, 2021
2015 Ten-Year Notes	$	760,000		$	766,000
2017 Five-Year Fixed Rate Notes		—			582,000
2017 Ten-Year Fixed Rate Notes		962,500			970,000
2017 Floating Rate Notes		—			291,000
2018 7.5-Year Notes		412,250			415,438
2018 9.25-Year Notes		388,000			391,000
2019 Ten-Year Notes		663,188			668,250
2021 7.5-Year Notes		845,750			—
2021 Ten-Year Notes		995,000			—
Finance lease obligations		76,338			60,555
Debt issuance costs, net of accumulated amortization    of $18.0 million in 2021 and $18.4 million in 2020		(32,800	)		(25,370	)
Total debt		5,070,226			4,118,873
Less – current portion		(55,588	)		(2,855	)
Consolidated long-term debt, net of debt issuance costs	$	5,014,638		$	4,116,018

Maturities of Long-Term Debt and Capital Lease Obligations

At January 2, 2022, maturities of long-term debt and finance lease obligations were as follows:

2022	$	55,588
2023		55,438
2024		55,816
2025		1,178,971
2026		43,979
Thereafter		3,713,234
	$	5,103,026

Schedule of Estimated Fair Value

Management estimated the approximate fair values of the Notes as follows:

	January 2, 2022				January 3, 2021
	Principal Amount		Fair Value		Principal Amount		Fair Value
2015 Ten-Year Notes	$	760,000	$	777,480	$	766,000	$	809,662
2017 Five-Year Fixed Rate Notes		—		—		582,000		582,582
2017 Ten-Year Fixed Rate Notes		962,500		1,000,038		970,000		1,035,960
2017 Floating Rate Notes		—		—		291,000		291,000
2018 7.5-Year Notes		412,250		420,907		415,438		437,456
2018 9.25-Year Notes		388,000		407,788		391,000		422,280
2019 Ten-Year Notes		663,188		693,031		668,250		712,355
2021 7.5-Year Notes		845,750		849,133		—		—
2021 Ten-Year Notes		995,000		1,017,885		—		—