Long-Term Debt and Other Financing (Tables)

12 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Components of Long-term debt are as follows:

(In millions)	2024				2023
	Carrying Cost		Fair Value		Carrying Cost		Fair Value
3.90% Notes Due 2029	$	900.0	$	845.6	$	900.0	$	839.8
3.55% Notes Due 2026	591.9		578.0		675.0		641.0
3.00% Notes Due 2024	—		—		500.0		488.4
6.35% Notes Due 2040	500.0		507.5		500.0		520.1
3.50% Notes Due 2027	500.0		481.5		500.0		472.2
6.05% Notes Due 2034	500.0		502.2		—		—
5.10% Notes Due 2044	300.0		261.3		300.0		271.6
6.60% Debentures Due 2028	109.9		114.4		109.9		116.0
Total long-term debt	3,401.8		3,290.5		3,484.9		3,349.1
Less: Deferred debt expenses	21.0		—		19.1		—
Less: Current portion	—		—		500.0		—
Long-term debt	$	3,380.8	$	3,290.5	$	2,965.8	$	3,349.1

Schedule of Future Long-Term Borrowings Contractual Payments

The Company's long-term borrowings have the following future contractual maturities:

Future long-term borrowings contractual payments	(In millions)
2025	$	—
2026	591.9
2027	500.0
2028	109.9
2029	900.0
2030 and thereafter	1,300.0
Total	$	3,401.8

Schedule of the Activity Related to the Obligations

A summary of the activity related to the obligations are as follows:

(In millions)	2024		2023
Balance at beginning of the year	$	43.3	$	76.1
Additions	387.7		415.7
Settled	(364.8)		(448.5)
Balance at end of the year	$	66.2	$	43.3