Debt (Tables)

6 Months Ended

Jul. 04, 2026

Debt

Schedule of short-term borrowings, including current portion of long-term debt

	July 4,		December 31,
(thousands)	2026		2025
7.50% senior debentures, due January 2027	$	110,389	$	—
Other short-term borrowings		7,150		341
	$	117,539	$	341

Schedule of long-term debt

	July 4,		December 31,
(thousands)	2026		2025
Revolving credit facility	$	50,000	$	—
North American asset securitization program		—		970,000
7.50% senior debentures, due January 2027		—		110,348
3.875% notes, due 2028		498,843		498,480
5.15% notes, due 2029		496,628		496,142
2.95% notes, due 2032		496,417		496,131
5.875% notes, due 2034		495,659		495,430
Other obligations with various interest rates and due dates		15,494		18,184
	$	2,053,041	$	3,084,715

Schedule of estimated fair market value of long-term debt, using quoted market prices

	July 4,		December 31,
(thousands)	2026		2025
7.50% senior debentures, due January 2027	$	—	$	114,000
3.875% notes, due 2028		494,500		496,500
5.15% notes, due 2029		504,500		511,500
2.95% notes, due 2032		444,000		447,500
5.875% notes, due 2034		514,000		522,500