FINANCING (Tables)

6 Months Ended

Jun. 28, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

The components of our debt were as follows ($ in millions):

	June 28, 2024		December 31, 2023
U.S. dollar-denominated commercial paper	$	675.0	$	1,251.2
3.7% Euro-denominated senior unsecured notes due 2026	535.7		—
3.7% Euro-denominated senior unsecured notes due 2029	749.9		—
Euro Term Loan due 2025	294.6		303.6
Yen Term Loan due 2025	89.5		102.1
3.15% senior unsecured notes due 2026	900.0		900.0
4.30% senior unsecured notes due 2046	550.0		550.0
Delayed-Draw Term Loan due 2024	—		550.0
Long-term debt, principal amounts	3,794.7		3,656.9
Less: aggregate unamortized debt discounts, premiums, and issuance costs	14.4		10.7
Long-term debt, carrying value	3,780.3		3,646.2
Less: current portion of long-term debt, carrying value	383.9		—
Long-term debt, net of current maturities	$	3,396.4	$	3,646.2

Schedule of Short-Term Debt

The details of our outstanding Commercial Paper Programs as of June 28, 2024 were as follows ($ in millions):

	Carrying value (a)		Annual effective rate		Weighted average maturity (in days)
U.S. dollar-denominated commercial paper	$	673.0	5.53	%	32
(a) Net of unamortized debt discount.