DEBT Debt (Tables)

6 Months Ended

Jul. 01, 2023

Debt Disclosure [Abstract]

Schedule of Debt Table

The following table summarizes our outstanding debt obligations.

As of the Period Ended	July 1, 2023		December 31, 2022
Commercial paper	$	393.8	$	448.3
Current maturities of long-term debt and finance leases	2.2		2.2
Other short-term notes payable	0.5		0.5
Commercial paper and current maturities of long-term debt	396.5		451.0
Non-current maturities of long-term debt(a)	6.8		7.7
Total debt and finance leases	$	403.3	$	458.7

(a)    Our long-term debt is primarily related to outstanding Italian government loans.

Schedule of Outstanding Commercial Paper

The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of July 1, 2023 and December 31, 2022.

As of the Period Ended	July 1, 2023			December 31, 2022
Commercial Paper Outstanding - U.S. Program	$	80.0		$	299.2
Commercial Paper Outstanding - Euro Program	313.8			149.1
Total Commercial Paper Outstanding	$	393.8		448.3
Weighted Average Interest Rate - U.S. Program	5.45		%	4.92		%
Weighted Average Interest Rate - Euro Program	3.82		%	2.31		%