Debt Covenant, Leverage Ratio, Subject to Consummation of Qualifying Acquisitions

No definition available.

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- Definition

Debt Instrument, Covenant, Secured Net Leverage Ratio, Maximum

+ References

No definition available.

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- Definition

Face (par) amount of debt instrument at time of issuance.

+ References

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

+ References

No definition available.

+ Details

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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- Definition

Fair value of the amount outstanding under the credit facility.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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- Definition

The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

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- Definition

The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.

+ References

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Indebtedness - Narrative (Details)			3 Months Ended	6 Months Ended
Indebtedness - Narrative (Details)	Dec. 15, 2023 USD ($)	Apr. 20, 2022 USD ($)	Jun. 29, 2024 USD ($)	Jun. 29, 2024 USD ($)	Jul. 01, 2023 USD ($)	Jun. 16, 2024	Jun. 15, 2024	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Payments on long-term debt				$ 19,600,000	$ 14,900,000
Outstanding balance			$ 0	$ 0				$ 0
Domestic Line of Credit
Debt Instrument [Line Items]
Secured net leverage ratio, maximum			3.00	3.00
Maximum leverage ratio, subject to consummation of qualifying acquisitions				3.25
2022 Revolver
Debt Instrument [Line Items]
Borrowings on line of credit			$ 0	$ 0				$ 0
2022 Revolver \| Secured Debt \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 1,000,000,000
Term of debt		5 years
New Term Loan A Facility
Debt Instrument [Line Items]
Principal repayments			$ 9,800,000
New Term Loan A Facility \| Secured Debt \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 500,000,000
Term of debt		5 years
New Term Loan B Facility
Debt Instrument [Line Items]
Principal repayments				$ 19,600,000
New Term Loan B Facility \| Secured Debt \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 1,100,000,000
Term of debt		7 years
5.300% Notes due 2043
Debt Instrument [Line Items]
Interest rate, stated percentage			5.30%	5.30%
3.900% Notes due 2024
Debt Instrument [Line Items]
Interest rate, stated percentage			3.90%	3.90%
4.375% Notes due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage			4.375%	4.375%
4.900% Notes due 2030
Debt Instrument [Line Items]
Interest rate, stated percentage			4.90%	4.90%		4.90%	4.65%
4.900% Notes due 2044
Debt Instrument [Line Items]
Interest rate, stated percentage			4.90%	4.90%
Incremental Term B Loans \| Secured Debt
Debt Instrument [Line Items]
Face amount of debt	$ 300,000,000
Senior Notes Due 2024 \| Senior Notes
Debt Instrument [Line Items]
Face amount of debt	$ 300,000,000
Interest rate, stated percentage	3.90%
Payments on long-term debt	$ 295,100,000