Debt (Tables)

12 Months Ended

Jan. 02, 2022

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table summarizes the maturities of the Company’s indebtedness as of January 2, 2022: 

	2022		2023		2024		2025		2026		2027 and thereafter		Total before unamortized discount and debt issuance costs		Unamortized discount and debt issuance costs		Total
	(In thousands)
Senior Unsecured Revolving Credit Facility	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(3,362)	$	(3,362)
Unsecured Term Loan Credit Facility	—		—		500,000		—		—		—		500,000		(672)		499,328
2023 Notes	—		500,000		—		—		—		—		500,000		(2,245)		497,755
2024 Notes	—		—		800,000		—		—		—		800,000		(5,392)		794,608
2026 Notes	—		—		—		—		568,600		—		568,600		(4,818)		563,782
2028 Notes	—		—		—		—		—		500,000		500,000		(4,548)		495,452
2029 Notes	—		—		—		—		—		850,000		850,000		(8,486)		841,514
March 2031 Notes	—		—		—		—		—		400,000		400,000		(3,420)		396,580
September 2031 Notes	—		—		—		—		—		500,000		500,000		(5,865)		494,135
2051 Notes	—		—		—		—		—		400,000		400,000		(4,339)		395,661
Other Debt Facilities	4,240		2,530		1,277		214		123		140		8,524		—		8,524
Total	$	4,240	$	502,530	$	1,301,277	$	214	$	568,723	$	2,650,140	$	5,027,124	$	(43,147)	$	4,983,977

Schedule of Debt

The Company’s debt consisted of the following:

	January 2, 2022
	Outstanding Principal		Unamortized Debt Discount		Unamortized Debt Issuance Costs		Net Carrying Amount
	(In thousands)
Long-Term Debt:
Senior Unsecured Revolving Credit Facility	$	—	$	—	$	(3,362)	$	(3,362)
Unsecured Term Loan Credit Facility	500,000		(14)		(658)		499,328
0.550% Senior Unsecured Notes due in 2023	500,000		(152)		(2,093)		497,755
0.850% Senior Unsecured Notes due in 2024	800,000		(447)		(4,945)		794,608
1.875% Senior Unsecured Notes due in 2026 ("2026 Notes")	568,600		(2,538)		(2,280)		563,782
1.900% Senior Unsecured Notes due in 2028	500,000		(348)		(4,200)		495,452
3.3% Senior Unsecured Notes due in 2029 ("2029 Notes")	850,000		(2,252)		(6,234)		841,514
2.55% Senior Unsecured Notes due in 2031	400,000		(126)		(3,294)		396,580
2.250% Senior Unsecured Notes due in 2031	500,000		(1,485)		(4,380)		494,135
3.625% Senior Unsecured Notes due in 2051	400,000		(4)		(4,335)		395,661
Other Debt Facilities, non-current	4,284		—		—		4,284
Total Long-Term Debt	5,022,884		(7,366)		(35,781)		4,979,737
Current Portion of Long-term Debt:
Other Debt Facilities, current	4,240		—		—		4,240
Total Debt	$	5,027,124	$	(7,366)	$	(35,781)	$	4,983,977

	January 3, 2021
	Outstanding Principal		Unamortized Debt Discount		Unamortized Debt Issuance Costs		Net Carrying Amount
	(In thousands)
Long-Term Debt:
Senior Unsecured Revolving Credit Facility	$	158,595	$	—	$	(2,621)	$	155,974
2026 Notes	610,750		(3,253)		(2,782)		604,715
2029 Notes	850,000		(2,496)		(6,908)		840,596
Other Debt Facilities, non-current	8,416		—		—		8,416
Total Long-Term Debt	1,627,761		(5,749)		(12,311)		1,609,701
Current Portion of Long-term Debt:
0.6% Senior Unsecured Notes due in 2021 ("2021 Notes")	366,450		(16)		(229)		366,205
Other Debt Facilities, current	14,743		—		—		14,743
Total Current Portion of Long-Term Debt	381,193		(16)		(229)		380,948
Total Debt	$	2,008,954	$	(5,765)	$	(12,540)	$	1,990,649