Debt (Tables)

12 Months Ended

Jan. 01, 2023

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 1, 2023: 

	2023		2024		2025		2026		2027		2028 and thereafter		Total before unamortized discount and debt issuance costs		Unamortized discount and issuance cost		Total
	(In thousands)
Senior Unsecured Revolving Credit Facility	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(2,641)	$	(2,641)
2023 Notes	467,138		—		—		—		—		—		467,138		(930)		466,208
2024 Notes	—		771,659		—		—		—		—		771,659		(3,419)		768,240
2026 Notes	—		—		—		533,950		—		—		533,950		(3,681)		530,269
2028 Notes	—		—		—		—		—		500,000		500,000		(3,932)		496,068
2029 Notes	—		—		—		—		—		850,000		850,000		(7,537)		842,463
March 2031 Notes	—		—		—		—		—		400,000		400,000		(3,092)		396,908
September 2031 Notes	—		—		—		—		—		500,000		500,000		(5,344)		494,656
2051 Notes	—		—		—		—		—		400,000		400,000		(4,264)		395,736
Other Debt Facilities	4,721		1,200		201		115		89		43		6,369		—		6,369
Total	$	471,859	$	772,859	$	201	$	534,065	$	89	$	2,650,043	$	4,429,116	$	(34,840)	$	4,394,276

Schedule of Debt

The Company’s debt consisted of the following:

	January 1, 2023
	Outstanding Principal		Unamortized Debt Discount		Unamortized Debt Issuance Costs		Net Carrying Amount
	(In thousands)
Long-Term Debt:
Senior Unsecured Revolving Credit Facility	$	—	$	—	$	(2,641)	$	(2,641)
0.850% Senior Unsecured Notes due in 2024 (“2024 Notes”)	771,659		(283)		(3,136)		768,240
€500,000 Principal 1.875% Senior Unsecured Notes due in 2026 (“2026 Notes”)	533,950		(1,902)		(1,779)		530,269
1.900% Senior Unsecured Notes due in 2028 (“2028 Notes”)	500,000		(301)		(3,631)		496,068
3.3% Senior Unsecured Notes due in 2029 (“2029 Notes”)	850,000		(2,000)		(5,537)		842,463
2.55% Senior Unsecured Notes due in March 2031 (“March 2031 Notes”)	400,000		(114)		(2,978)		396,908
2.250% Senior Unsecured Notes due in September 2031 (“September 2031 Notes”)	500,000		(1,353)		(3,991)		494,656
3.625% Senior Unsecured Notes due in 2051 (“2051 Notes”)	400,000		(4)		(4,260)		395,736
Other Debt Facilities, non-current	1,648		—		—		1,648
Total Long-Term Debt	3,957,257		(5,957)		(27,953)		3,923,347
Current Portion of Long-term Debt:
0.550% Senior Unsecured Notes due in 2023 (“2023 Notes”)	467,138		(63)		(867)		466,208
Other Debt Facilities, current	4,721		—		—		4,721
Total Current Portion of Long-Term Debt	471,859		(63)		(867)		470,929
Total Debt	$	4,429,116	$	(6,020)	$	(28,820)	$	4,394,276

	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
2023 Notes	500,000		(152)		(2,093)		497,755
2024 Notes	800,000		(447)		(4,945)		794,608
2026 Notes	568,600		(2,538)		(2,280)		563,782
2028 Notes	500,000		(348)		(4,200)		495,452
2029 Notes	850,000		(2,252)		(6,234)		841,514
March 2031 Notes	400,000		(126)		(3,294)		396,580
September 2031 Notes	500,000		(1,485)		(4,380)		494,135
2051 Notes	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