Financing and Capital (Tables)

3 Months Ended

Apr. 01, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The carrying value of the components of our long-term debt were as follows ($ in millions):

	April 1, 2022		December 31, 2021
U.S. dollar-denominated commercial paper	$	1,296.2	$	364.9
Delayed-Draw Term Loan due 2022	999.8		999.7
3.15% senior unsecured notes due 2026	895.4		895.1
4.30% senior unsecured notes due 2046	547.3		547.3
0.875% senior convertible notes due 2022	—		1,152.0
Long-term debt	3,738.7		3,959.0
Less: current portion of long-term debt	999.8		2,151.7
Long-term debt, net of current maturities	$	2,738.9	$	1,807.3

Schedule of Outstanding Paper Programs

The details of our outstanding Commercial Paper Programs as of April 1, 2022 were as follows ($ in millions):

	Carrying value		Annual effective rate		Weighted average remaining maturity (in days)
U.S. dollar-denominated commercial paper	$	1,296.2	0.91	%	39